Funds
China VC: Class society
China's venture capital industry has developed a tiered structure - similar to that seen in the US - with a select bunch of managers in heavy demand among LPs
GGV reaches $1.2b final close on Sino-US VC fund
GGV Capital has closed its latest VC fund at $1.2 billion across three vehicles – a core venture fund, an early stage fund and an entrepreneurs fund – that will target start-ups and growth-stage technology deals in China and the US.
Eleven Zulu launches $100m pan-Asian venture fund
US-based VC firm Eleven Zulu Capital has launched a $100 million fund targeting Asian technology and services-focused start-ups.
Chinese travel app developer Huoli secures $144m
Shenzhen Huoli Tianhui Technology, the parent company of Chinese flight management app Flights Manager, has raised RMB933 million ($144 million) in a Series C round of funding.
China Growth Capital leads round for auto-focused lending platform
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
Seed investors still cautious on valuations
Seed-stage valuations remain robust despite a general cooling in the global venture funding market that has seen a number of highly-valued technology start-ups raise later-stage down rounds.
SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
Monk's Hill closes Southeast Asia VC fund
Singapore-based Monk's Hill Ventures has closed its first Southeast Asia-focused fund above its target of $80 million, according to Managing Director Peng T. Ong.
Bain rebrands Sankaty and Brookside, shuffles leadership
Bain Capital has rebranded its credit investment and public equities divisions – Sankaty Advisors and Brookside Capital – under the Bain Capital name and announced changes to its senior leadership.
JD Finance invests in VC-backed Meili Jinrong
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors....
Samara buys Adcock Ingram India for $23m
Samara Capital has paid INR1.51 billion ($22.7 million) for the Indian division of South African drug maker Adcock Ingram Holdings.
China HR services platform Joyowo secures $15m
Joyowo.com, a Chinese online HR services platform, has raised a RMB100 million ($15 million) Series B round from VC investors including Sequoia Capital, Greenwoods Asset Management and Meridian Capital.
Samsung leads $13.5m round for Japan's Kyulux
Samsung Venture Investment has led a $13.5 million Series A round for Kyulux, a developer of advanced lighting technology used in digital screens.
Unicorn raises $210m for China VC fund-of-funds
Unicorn Capital Partners, a China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners alumnus Tommy Yip, has closed its debut fund at about $210 million.
Indonesia VC regulation: One step at a time
Indonesia’s government is serious about supporting VC investment, but regulatory inconsistency continues to slow development of the industry. Participants say engagement with major players is essential
The hothouse: Southeast Asia VC
Investors need to familiarize themselves with Southeast Asia's venture capital market so as not to miss out on a fast-developing opportunity
China Everbright boosts exposure to Haiyin's cross-border fund
China Everbright has committed an additional $15 million to Haiyin Capital’s latest VC fund, also claiming co-investment rights in the fund's US portfolio companies.
Temasek leads $45m round for China logistics data provider
Singapore’s Temasek Holdings has led a $45 million extended Series C round for G7, a Chinese logistics data smart device marker. Existing backers Tencent Holdings and Eastern Bell Venture Capital also participated in the round.
EIG hires KKR's Rex Chung as co-head of Asia
EIG Global Energy Partners has hired Rex Chung, formerly of KKR, as managing director and co-head of Asia. He will be based in Hong Kong.
KKR closes $3.3b global special situations fund
KKR has reached a final close of $3.3 billion for its second global KKR Special Situations Fund (KSSF), which will target investments in distressed or event-driven situations.
China's Xiaomi leads $25m round for India-based Hungama
Chinese smart phone maker Xiaomi has led a $25 million round of funding for Hungama Digital Entertainment, an Indian music and video online platform.
US-based EVC launches $50m India fund
Entrepreneurship & Venture Capital (EVC) has launched a $50 million fund to focus on early-stage technology investments in India.
CITIC Capital targets $1.5b for China fund
CITIC Capital Partners is targeting $1.5 billion for its latest China-focused private equity fund, having combined the teams that previously pursued separate China and international strategies.
Australia-based Cyara gets $25m Series A round
Cyara Solutions Corp, a customer experience monitoring service established in Australia in 2006, has received $25 million in a Series A round of funding led by PeakSpan Capital and Greenspring Associates.