Investments
Telkom Indonesia, Telstra launch VC partnership
State-controlled Telkom Indonesia has partnered with Australia’s Telstra Ventures to pursue venture capital investment opportunities in Southeast Asia.
Chinese internet giants invest $550m in Bitauto unit
Tencent Holdings, Baidu and JD.com have invested $550 million in China-based auto financing platform Yintai Capital. The business was launched by Bitauto, which previously received funding from the three internet companies as well as from PAG Capital.
KKR, Warburg Pincus join $550m round for Indonesia's Go-Jek
Indonesian mobile ride-hailing and delivery platform Go-Jek has received $550 million from investors including KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets.
RGT Capital invests in Australia's AxiCorp
RGT Capital, a multi-family office investment vehicle based in Australia, has acquired a stake in Australian investment company AxiCorp.
Sequoia leads $7.5m investment in Singapore crowdfunding platform
Sequoia Capital India has led a $7.5 million Series A round for Singapore-based crowdfunding platform Funding Societies.
Vietnam's Mekong backs logistics business, adds two partners
Vietnam-focused Mekong Capital has announced the second investment from its latest fund – cold chain logistics provider ABA Corporation – and also promoted Thanh Giang Vu Pham and Truong Dieu Le to partner. It now has four partners in total.
Discovery buys stake in CMC-backed VS Media
US media company Discovery Communications has acquired a minority stake in VS Media Group, a Hong Kong-based multi-channel network (MCN) that counts China’s CMC Holdings among its investors.
China’s Yunfeng leads $100m round for English tuition site
Yunfeng Capital has led a $100 million Series C round of funding for VIPKID, an English-language learning platform that connects North American teachers with students in China. Existing investor Sequoia Capital also took part.
PICC leads $64m round for China's Neusoft Xikang
PICC Property and Casualty, a subsidiary of People's Insurance Company of China (PICC), has led a $64 million funding round for cloud-based medical and healthcare services provider Neusoft Xikang.
China's HNA supports US accelerator's global expansion
Chinese conglomerate HNA Group has agreed to invest $336 million to bankroll US start-up accelerator RocketSpace's global expansion, with a particular emphasis on China.
Shenzhen Fortune commits $15m to insurance platform
Shenzhen Fortune Venture Capital has committed RMB100 million ($15 million) in an extended Series B round of funding for Huize.com, a Chinese third-party insurance services platform.
Primavera, Shanghai Pharma to buy Australia's Vitaco
Primavera Capital and Shanghai Pharmaceuticals have agreed to buy Australia-listed nutrition and healthcare products company Vitaco for approximately A$313 million ($238 million).
Warburg Pincus commits $125m to India logistics start-up
Warburg Pincus has agreed to invest up to $125 million in an India-based supply chain services start-up founded by Anshuman Singh, who previously spent nine years as head of Future Supply Chain Solutions.
Deal focus: VCs back Japan’s fintech underdog
As Japan's traditional financial institutions take time to address demand for online payment services, start-ups are trying to corner the market. Exchange Corporation's Series B round is intended to make sure it is one of them
HTC VR accelerator adds 8 VC funds, backs 33 companies
Vive X, the accelerator program for virtual reality (VR) start-ups backed by Taiwan-based hardware developer HTC, has added eight VC funds to its backers, and announced the first 33 companies to receive its support.
CMC invests in China sports data provider Cubee
CMC Holdings, an investment platform launched by Ruigang Li, founder of media-focused PE firm CMC Capital Partners, has invested in a Series B round of funding for Cubee.com, a Chinese online sports data and content provider.
Deal focus: Partners Group sees sun rising on Taiwan solar
With significant policy support for the sector, Partners Group thinks its investment in Formosa Solar could be the first of numerous sizeable deals in Taiwan renewables
Local PE funds back $1.1b take-private for China's Trina Solar
China-based solar cell manufacturer Trina Solar has agreed a $1.1 billion take-private deal with a consortium comprising its chairman and CEO as well as several domestic private equity funds.
Ride-hailing app Didi Chuxing to acquire Uber China
Didi Chuxing, the leading ride-hailing app operator in China, has announced that it will acquire Uber's local operation, ending a costly battle between the two unprofitable businesses. Both companies have received substantial private equity and strategic...
Marubeni-owned iSigma buys Japan's Kyosemi
ISigma, a mid-size buyout firm controlled by Japanese trading and investment conglomerate Marubeni, has acquired domestic semiconductor equipment manufacturer Kyosemi Corporation.
Sequoia leads $12m round for India's Healthkart
Sequoia Capital India has led an INR800 million ($12 million) Series E round of funding for Indian online health products vendor Healthkart.
Singapore's Carousell gets $35m Series B round
Rakuten Ventures, a corporate VC arm of Japanese e-commerce giant Rakuten, has led a $35 million Series B round of funding for Singaporean online flea market shopping app operator Carousell.
PE-backed Chinese consortium buys Caesars games business for $4.4b
Yunfeng Capital, Hony Capital and CDH Investments' wealth management platform are part of a consortium that has agreed to buy Caesars Interactive Entertainment’s (CIE) social and mobile games business for $4.4 billion in cash.
Chinese regulator to ban domestic VC firms from investing in A-shares
The Chinese government is considering new policies that could ban VC firms from investing in A-share listed companies, a senior official from the China Securities Regulatory Commission (CSRC) told an industry conference.