Investments
Chinese GPs back sports marketing player Mailman
Mailman, a sports-focused digital marketing agency in Shanghai, has completed an extended Series A round of funding worth $3 million from Yao Capital and Kaixing Capital.
VCs commit $9m to Japan blockchain platform
Nippon Technology Venture Partners, Fisco Capital, and ABBALab have committed $9 million to Japanese cryptocurrency platform Tech Bureau.
Australian regulator queries PE-backed childcare merger
Australia’s competition regulator has expressed concerns about the merger of outside school care providers Camp Australia and Junior Adventures Group (JAG), both of which are private equity-owned.
GPs commit $110m to PCCW's video streaming unit
Hony Capital, Foxconn Ventures and Temasek Holdings have agreed to acquire a combined 18% stake in PCCW International OTT, a video-streaming subsidiary of Hong Kong telecom giant PCCW, for $110 million.
CLSA-backed BC Ings makes Japan education bolt-on
BC Ings, a Japanese cram school operator owned by CLSA Capital Partners (CLSA CP), has acquired local counterpart Akasaka Gakuin.
SoftBank invests $2.5b in India's Flipkart
Japanese technology conglomerate SoftBank Group has invested $2.5 billion in Indian e-commerce giant Flipkart through the acquisition of primary and secondary shares.
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.