Investments
Alibaba, InnoSpring launch China accelerator
InnoSpring and Alibaba Group have jointly launched an accelerator program in China with a view to helping international start-ups access Chinese markets and ecosystems.
Cathay Capital leads $15m round for China’s Magmode
Magmode, a China-based men’s fashion start-up, has raised $15 million in the second tranche of a Series B round led by Cathay Capital Private Equity. Existing investor Sinovation Ventures also participated.
Ribbit Capital leads $45m round for India’s Capital Float
Capital Float, an online lending platform for small and medium-sized enterprises (SME) in India, has raised $45 million in a Series C round of funding led by Silicon Valley-based VC firm Ribbit Capital.
China AI chipset maker Cambricon raises $100m
Cambricon Technologies, a Beijing-based artificial intelligence (AI) developer, has raised a $100 million Series A round of financing from Lenovo Capital & Incubator Group (LCIG), and an investment unit owned by Alibaba Group.
Crescendo Equity, Lindman back Korean software developer Hancom
Hancom, a South Korea-listed software developer, has raised KRW60 billion ($53 million) from two private equity firms.
Australia's PE-backed PARF acquires domestic wind farm
Coopers Gap Wind Farm, a power facility under construction in Australia, has been acquired by the Powering Australian Renewables Fund (PARF), a renewable energy-focused vehicle backed by QIC and Australia’s Future Fund.
CDH to invest in US housewares maker SharkNinja
China-focused private equity firm CDH Investments has agreed to invest in US-based SharkNinja, taking a significant stake in the small home appliances supplier for an undisclosed sum.
GIC, Yunfeng Capital LPs in $1.7b Asian insurance acquisition
Singapore’s GIC Private has joined a group of investors including Yunfeng Financial Group (YFG), a Hong Kong-based financial services company backed by Alibaba founder Jack Ma, in a $1.7 billion acquisition of insurance provider MassMutual Asia.
All-Stars leads $56m round for China’s Huochebang
Chinese B2B truck logistics platform Huochebang has received $56 million in the third tranche of a Series B funding round led by existing backer All-Stars Investment and joined by a number of undisclosed existing investors.
VCs invest $6.4m in Japan's Monstar Lab
A group of venture capital investors including YJ Capital and Fenox Venture Capital has led a JPY700 million ($6.4 million) funding round for Japanese global outsourcing service developer Monstar Lab.
Alibaba leads $1.1b round for Indonesia’s Tokopedia
Tokopedia, a venture capital-backed online marketplace in Indonesia, has received a $1.1 billion funding round led by Alibaba Group that will see the Chinese e-commerce giant become a minority stakeholder.
VCs invest $27 million in Indonesia's Sale Stock
A number of Asian venture capital firms have contributed to an extended $27 million Series B funding round for Indonesian e-commerce player Sale Stock.
Deal focus: Just delivers on cross-border promise
Lilly Asia Ventures, Arch Ventures and Temasek have backed the expansion of Just Biotherapeutics' China-based manufacturing and research operation
Singapore’s Obike raises $45m Series B
Obike, a Singapore-based bike-sharing start-up, has secured a $45 million Series B round of funding.
Qiming leads $21m round for Chinese cancer drug developer
China-based cancer drug developer Antengene Corporation has completed a $21 million Series A round of funding led by Qiming Venture Partners.
GPs in $90m round for China’s IMS New Media Group
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Chinese medical device company Ankon raises $100m
Shanghai-based Ankon Medical Technologies, which develops medical equipment for gastric examination, has raised a $100 million round of funding from investors including SBCVC.
Hong Kong X invests six local start-ups
Hong Kong X-Tech Startup Platform, an angel fund and accelerator, has made its first investments by backing six local technology companies.
Advantage exits China’s ESG Holdings
Advantage Partners has completed a full exit of Hong Kong-based and China-focused facility management services company ESG Holdings. It was the Japan-focused firm's first China buyout.
Token sales: Cryptic beginnings
The sale of digitized contracts known as tokens has become a dominating force in early-stage start-up funding. Venture capitalists are beginning to cautiously participate as the phenomenon matures
Portfolio: The Rohatyn Group and BHC
The Rohatyn Group bought Korean fried chicken franchise BHC in 2013 with a view to ironing out inefficiencies, broadening brand appeal, and pursuing bolt-on acquisitions. It has made progress in each area
H Capital leads $150m round for China’s Zuoyebang
H Capital has led a $150 million Series C round of funding for Zuoyebang, a K-12 focused education mobile app that spun out from Chinese online search engine Baidu.
Mekong commits $4.9m to Vietnam education provider
Mekong Capital has invested $4.9 million for a minority stake in Yola, a Vietnam-based education services provider specializing in overseas test preparation and English language training.
Mandarin acquires Italian ceramics business
Europe-Asia cross-border private equity firm Mandarin Capital Partners has acquired a 100% stake in Italian household ceramics supplier Elios Ceramica.