Investments
China video app developer Yixia raises $500m round
Chinese social media platform Weibo Corporation has led a $500 million Series E round of funding for Yixia Technology, a Beijing-based video app developer.
India's Quikr buys Sequoia, Kalaari-backed Grabhouse
Indian classifieds site Quikr has purchased Grabhouse, a rental property listing platform backed by Sequoia Capital and Kalaari Capital.
Whiz Partners invests $22m in Japanese IT developer
Japan-based private equity firm Whiz Partners has agreed to invest JPY2.4 billion ($22 million) in Tokyo-listed software and marketing products developer Albert.
LGT leads $10m Series B for India's Aye Finance
LGT Impact Ventures, the impact investment arm of LGT Group, has led a $10 million Series B round for Indian small business-focused microfinance institution (MFI) Aye Finance.
IFC proposes $20m investment in China's Huochebang
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million to China-based online logistics platform Huochebang.
Sequoia, Shunwei invest in Singapore’s Patsnap
Sequoia Capital China has led a Series C round of funding for Singapore-based Patsnap, a web-based intellectual property analytics and management software developer.
China fitness app Hotbody secures $15m
Chinese fitness app developer Hotbody has raised approximately RMB100 million ($15 million) in a new round of funding led by domestic GP Haodao Capital, with participation from existing investor Ameba Capital.
Deal focus: Eight Roads bets on IFMR as a credit hub
Eight Roads sees IFMR Capital as the backbone India's financial services sector needs in order to support growing but still vulnerable non-banking financial companies
Deal focus: Treasure Data helps businesses reach the cloud
Innovation Network Corporation of Japan ventured outside its domestic comfort zone to support Treasure Data, and thereby help Japanese corporates get to grips with big data
Portfolio: IVFA and India's HiCare
IVFA bought HiCare with an eye to cornering India’s nascent pest control market, but the firm’s ambitions for the company are much greater
Asia PE and upstream energy: Under the pump
Although a low oil price environment has created interesting inroads for PE investors seeking exposure to Asia’s growing energy consumption story, challenges of timing and targeting have slowed uptake
Asia fintech hubs: Head start
Singapore's move to strengthen its financial technology ecosystem underlines the importance of creating appropriate infrastructure and incentives for start-ups in the space
Warburg Pincus, VinaCapital to create SE Asia hotel platform
Warburg Pincus has teamed up with Vietnam-based GP VinaCapital and Don Lam, the firm’s founder, to create a hotel investment platform intended to tap into rising inbound tourism in Southeast Asia, particularly from China.
General Atlantic backs Indonesia lifestyle retailer
General Atlantic has invested about IDR1.1 trillion ($80.5 million) in a food and beverage unit of diversified Indonesian lifestyle products retailer Mitra Adiperkasa (MAP).
Japan's Seven Dreamers receives $60m Series B round
Seven Dreamers Laboratories, a Japan-based manufacturer of personal-use devices, has raised a $60 million Series B round of funding from Panasonic, SBI Investment and construction company Daiwa House Industry.
China’s Advantech leads $15m round for AI start-up
Advantech Capital, one of two parallel funds launched by executives from Chinese GP New Horizon Capital, has led a $15 million Series A round of funding for Petuum, a US-based artificial intelligence (AI) and machine learning (ML) solution developer.
Quadrant creates Australia experiential tourism platform
Quadrant Private Equity has made two further Australia tourism acquisitions, adding ferry and tour service Rottnest Express and cruise operator Cruise Whitsundays to a platform that already includes Great Southern Rail (GSR).
China's CIC to step up overseas direct investments
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
China VCs tell start-ups to focus on sustainability - AVCJ Forum
China VC investors are reminding portfolio companies to pursue profitability rather than sky-high paper valuations as the market continues to rationalize following an explosion of activity in recent years.
GPs see the Asia risk premium narrowing - AVCJ Forum
Private equity investors still expect a risk premium in Asia, although given uncertainty in Western markets and the relative stability in Asia’s more mature economies, it is debatable how long the status quo will last, industry participants told the...
CHAMP-backed Accolade Wines acquires Australian competitor
Accolade Wines, an Australian wine producer owned by CHAMP Private Equity, has agreed to acquire domestic peer Fine Wine Partners from Japanese-owned food and beverage company Lion.
Hony emphasizes its global ambitions
Hony Capital has reiterated its commitment to helping Chinese companies go global, in addition to supporting international firms that want to maximize their exposure to China – and the firm established a presence in Shenzhen to address these opportunities.
Two wins apiece for Quadrant, PAG, Affinity at AVCJ Awards
Quadrant Private Equity and PAG Asia Capital secured two wins apiece at the 2016 AVCJ Private Equity & Venture Capital Awards, with the former taking the firm of the year and mid-cap fundraise prizes, while the latter was recognized in the deal of the...
Macquarie Capital invests $10m in Korea's Yello Mobile
Korean mobile internet platform Yello Mobile has issued $10 million in convertible bonds to Macquarie Capital. The investment values the business at approximately $4 billion.