Investments
Chinese supply chain financing player gets $30m Series B
Linklogis, a Chinese supply chain finance provider, has raised RMB200 million ($30 million) in Series B funding from Tencent Holdings, China Merchants Venture Capital and Bertelsmann Asia Investments.
India's EM3 AgriServices gets $10m Series B
EM3 AgriServices, a venture capital-backed equipment and operational support provider for the Indian farming industry, has raised a $10 million Series B funding round.
Sequoia, Norwest lead $52m round for India's Five Star
Sequoia Capital and Norwest Venture Partners have led a INR3.3 billion ($52 million) Series C round for Indian non-banking financial company Five Star Business Finance.
KKR-owned Avendus buys India asset manager
Avendus Capital, an Indian financial services firm owned by KKR, has agreed to acquire Ocean Dial Asset Management, the UK-based investment manager of India Capital Growth Fund (ICGF).
INCJ joins $4.3m round for Japan AI player
Innovation Network Corporation of Japan (INCJ) and Bank of Kochi have agreed to jointly invest JPY470 million ($4.3 million) in Japanese artificial intelligence (AI) technology developer Nextremer.
China B2B fabrics trading app Baibu secures $25m
Chinese VC firm Yunqi Partners has led a RMB165 million ($25 million) extended Series B round for Baibu, a textile and fabrics B2B trading platform.
Australia's Pepper accepts KKR credit unit's buyout offer
Australian mortgage lender and distressed debt servicer Pepper Group has accepted a buyout bid from KKR Credit Advisors (KCA).
Qiming leads $20m round for China cancer specialist
Qiming Venture Partners has led a $20 million round for New Horizon Health, a Chinese start-up that develops cancer screening technology, with participation from existing investors Legend Capital and SBCVC.
Deal focus: VCs to rebalance Indian shortcoming
Lifestyle changes due to economic development in India are impacting the country's disease patterns. Fidelity International is bringing much needed venture capital to a medical research space addressing the issue
Deal focus: CMIA monetizes Muslim growth
Bitsmedia Holdings' Muslim Pro app is highlighting new marketing potential in growing Muslim populations. CMIA Capital Partners and Malaysia's Affin Hwang Asset Management have taken a controlling stake in the company
Olympus, UOB invest $90m in China radio ad agency
A consortium led by Olympus Capital Asia and UOB Venture Management will acquire a controlling stake in Shanghai-based Yuanyu Radio, which claims to be the largest radio advertising agency in China, for $90 million.
Temasek leads $57m round for China biotech firm
Singapore’s Temasek Holdings has led a $57 million Series B round for Chinese drug developer Hangzhou Just Biotherapeutics (Just China).
SparkLabs launches Taiwan accelerator
US and Korea-based venture capital firm SparkLabs Global Ventures has launched an accelerator program in Taiwan that will focus on internationalizing local technology start-ups.
China's PE-backed UrWork receives $178m investment
UrWork, a Chinese co-working space operator with a number of private equity backers, has received $178 million as part of a pre-Series C funding round led by a group of strategic investors.
China's GSR to acquire Nissan's electric battery business
Japan’s Nissan Motor has agreed to sell its electric battery operations and production facilities to Chinese private equity firm GSR Capital. Financial terms were not disclosed.
Sino-US Tang Media Partners acquires Open Road Films
Tang Media Partners (TMP), a Sino-US media and entertainment investment group, has finalized its acquisition of Open Road Films, an independent film distributor and producer owned by US-based AMC Entertainment and Regal Entertainment Group.
VCs invest $12m in Indonesia's UangTeman
Indonesian consumer lending start-up UangTeman has raised a $12 million Series A round comprising equity and debt.
EDBI joins $133m round for Malaysia's Iflix
Singapore’s EDBI has joined a $133 million funding round led by US conglomerate Hearst Media for Iflix, a Malaysia-based video streaming service with a similar business model to Netflix.
WeWork to acquire Singapore's VC-backed Spacemob
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea....
VCs back Asia expansion by Japan's Sansan
Japanese cloud-based professional services company Sansan has received a fresh round of expansion funding from Mirai Creation Investment and existing backers DCM and Salesforce Ventures.
Blue Sky buys New Zealand tour operator
A consortium led by Blue Sky Alternative Investments has bought Active Adventures, a New Zealand-based company that offers guided activity-based trips in Nepal, Europe, and South America, as well as in its home country.
General Atlantic acquires India's Karvy Computershare
General Atlantic has acquired a significant stake in India-based share registry business Karvy Computershare, providing a full exit for Australia-listed Computershare and taking out part of the position held by the company founder.
China's Gu Sheng Tang raises $150m in equity, debt funding
Gu Sheng Tang, a traditional Chinese medicine (TCM) clinic chain, has raised RMB1.01 billion ($150 million) in a Series D round comprising RMB510 million in equity and RMB500 million in debt.
Deal focus: Momenta brings brains to self-driving cars
Fast-rising autonomous driving software developer Momenta started signing up paying customers for its products within a year of launch. The company's $46 million Series B round will help it take the next step