Investments
China’s Tencent, PCCW invest in PE-backed STX Entertainment
China’s Tencent Holdings and Hong Kong-based telecom company PCCW have made equity investments in STX Entertainment, a Hollywood film and TV studio backed by Hony Capital and TPG Capital's growth arm.
China Huace invests $64m in VC-backed Xiao Hong Chun
China Huace Film & TV has acquired a 35% stake in Xiao Hong Chun, a Chinese VC-backed video e-commerce platform, for $63.85 million.
Malaysia-based FirstFloor invests in Skeleton Technologies
Malaysian VC firm FirstFloor Capital has led a EUR13 million ($14.5 million) Series C round for Estonian energy storage system developer Skeleton Technologies to support its growth plans in Southeast Asia.
Sequoia leads $30m round for China’s Mining Lamp
Sequoia Capital China has led a RMB200 million ($30 million) Series B round of funding for Mining Lamp, a Chinese big-data solutions provider.
Creation, Gawa in $24m round for India's Fusion
US-based PE firm Creation Investments Capital Management and Spain's Gawa Capital have led a INR1.6 billion ($24 million) funding round for Indian financial institution Fusion Microfinance.
China online gaming firm Wangyu Master raises $23m
Wangyu Master, a Chinese online gaming services platform, has raised RMB150 million ($23 million) in a Series A round of funding from a group of domestic investors.
Australia’s Bigstone receives $2.3m seed round
Australia-listed investment firm CVC has backed a A$3 million ($2.3 million) seed round of funding for Bigstone, a domestic online platform operator that connects investors with start-ups.
BCCL, GVFL lead $7m round for India's Travelyaari
Gujarat Venture Finance (GVFL) and Bennet, Coleman & Co. (BCCL), owners of the Times of India, have led a $7 million Series B round for Indian online bus booking platform Travelyaari.
Deal focus: Go-Jek targets multiple verticals
As a single-country player with a dominant position across verticals ranging from transportation to payment, Indonesia-based Go-Jek is tipped to overcome its rivals. A consortium of investors has committed $550m to make this happen
Korean online beauty retailer Memebox raises $66m
Memebox, an e-commerce company that sells Korean beauty products, has raised $65.95 million in Series C funding led by Formation Group, an Asia-focused VC firm launched by Formation 8 co-founder Brian Koo.
EVP, Microequities launch $15.4m Australian VC fund
Equity Venture Partners (EVP) and Microequities Asset Management have launched a A$20 million ($15.4 million) venture capital fund to focus on Australian technology start-ups.
Capital Square buys majority stake in India's Indecomm
Singapore-based Capital Square Partners has acquired a majority stake in Indecomm Global Services, an Indian IT services provider.
Drones: High-flying tech
The exponential rise in drone technology investment during the past few years is now expected to level off into slower growth as venture capitalists discover a galaxy of more nuanced opportunities
India tech M&A: Power plays
Recent consolidation moves in India’s technology sector are a welcome sight for investors that have poured money into battles for market share. However, not all start-ups should be resigned to this fate
Deal focus: RocketSpace plots a China trajectory
With support from HNA Group, RocketSpace wants to take its San Francisco-based co-working space and accelerator model into new markets. China is the top priority
CDIB Capital commits $30m to China outdoor sports retailer
CDIB Capital has invested RMB200 million ($30 million) in Tutwo Outdoor, a multi-brand outdoor sporting goods retailer with more than 900 stores across China.
Alibaba leads round for China VC-backed e-commerce site
Alibaba Group has led a RMB267 million ($49 million) Series C round for Shandiangou.com, a Chinese mobile shopping and delivery app backed by several VC investors.
China's Fruitday adds $15m to Series D round
Fruitday, a Chinese VC-backed e-commerce site dedicated to selling imported fruit, has received RMB100 million ($15 million) in an extended Series D round from an investment fund backed by Shanghai-listed developer Zhangjiang Hi-Tech Park.
Japan analytics player Abeja raises $2m
Japanese corporate analytics platform Abeja has raised JPY200 million ($2 million) in Series B funding from PNB Inspire Partners, a domestic investor aimed at helping companies expand into Southeast Asia and Islamic countries.
PE investors buy Fugro's Asia subsea business
US private equity firm SCF Partners and Australia's Viburnum Funds have agreed to acquire the Asia Pacific subsea services business of Netherlands-based Fugro.
Chinese investors to buy Italy's AC Milan for $820m
Haixia Capital, an investment firm controlled by China’s State Development & Investment Corporation, is part of a Chinese consortium that will buy leading Italian football club AC Milan.
China payment machines maker Yunnex raises $45m
Yunnex, a China-based point-of-sale (POS) machine manufacturer, has raised RMB300 million ($45 million) in Series B funding from GSR Ventures and other strategic investors.
Sino-US VCs back US online marketplace GrubMarket
GrubMarket, a US-based online food marketplace, has raised $20 million in a Series B round of funding from several Sino-US investors including GGV Capital, Fosun Capital and Danhua Capital.
Golden Gate invests $2.5m in Indonesia's Alodokter
Singapore’s Golden Gate Ventures has committed $2.5 million to a Series A funding round for Indonesian healthcare information portal operator Alodokter.