Funds
IDG invests in Chinese mobile tech player AVOS Cloud
IDG Capital Partners has invested in a Series A round of funding for AVOS Cloud, a Chinese mobile back-end as a service (BaaS) provider. Financial terms were not disclosed.
Canaan's Khanna to launch India venture debt fund
Canaan Partners Managing Director Rahul Khanna is to launch a INR3 billion ($49 million) debt fund aimed at supporting early-stage and established technology ventures in India.
Lightspeed leads $10m round for China P2P car-sharing site uuzuche
Lightspeed China Partners has led a $10 million Series A round of funding for uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform.
China food-ordering platforms: Stand and deliver
Competition is increasing in China's online food delivery market as VC investors back start-ups looking to achieve scale ahead of expected consolidation. How asset-heavy should the business model be?
Southeast Asia e-commerce: Logistics logjam
Southeast Asia is expected to see rapid growth in e-commerce over the next five years. But are there enough competent logistics providers to deliver the goods in a timely and cost-effective fashion?
Sinarmas supports Ardent Capital's Southeast Asia expansion
Southeast Asia-focused e-commerce investor Ardent Capital has received $12.5 million in funding led by Indonesian conglomerate Sinarmas. Existing backers also participated.
Legend leads $50m round for China online finance site Tongbanjie
Legend Capital has led a $50 million Series B round of funding for Tongbanjie, a Chinese online finance mobile app, with participation from existing investors IDG Capital Partners and China Growth Capital.
Matrix invests in India's Red Monster
Matrix Partners India has invested an undisclosed sum in mobile game developer Red Monster Games.
India local-language media start-up gets $16m from VCs
Sequoia Capital has led a INR1 billion ($16.4 million) round of funding for Verse Innovation, owner and operator of India-based local-language mobile platform NewsHunt.
Altos Ventures reaches $60m close on South Korea fund
Silicon Valley-based venture capital firm Altos Ventures has reached a final close on its debut South Korea-focused fund at a hard cap of $60 million after eight months in the market.
Qiming commits $10m to China car rental platform Zuzuche
Qiming Venture Partners has invested $10 million in a Series A round of funding for Zuzuche.com, a Chinese third-party car rental platform.
China's JD Capital offers student credit loans
China JD Capital, also known as Jiuding Capital, has set up a new fund to provide individual loans for Chinese university students.
Japan learning platform Mana.bo raises $3m Series A round
Nissay Capital and Mitsubishi UFJ Capital have joined Japanese education firm Benesse in investing JPY330 million ($3 million) in online learning platform Mana.bo.
China Haier VC, SAIF launch smart home industry fund
Qingdao Haier Venture Capital (Haier VC), a corporate VC arm of Chinese white goods maker Qingdao Haier, has teamed up with SAIF Partners to form a RMB320 million ($32 million) smart home-focused VC fund.
Xiaomi Ventures backs China health products maker
Xiaomi Ventures, a corporate VC unit of Chinese mobile phone maker Xiaomi, has paid $25 million for a 20% stake in iHealth, an offshore unit of healthcare electronics maker Andon Health.
New Zealand's Shuttlerock raises $2.35m Series A
Shuttlerock, a New Zealand-based visual marketing software company, has raised $2.35 million in a Series A round of funding.
Tencent, Morningside commit $20m in China travel site
Tencent Holdings has led a $20 million Series B round of funding for Woqu.com, a Chinese outbound travel start-up, with participation from existing investor Morningside Technologies.
Korea's SMBA to form VC fund with DFJ, Walden
Draper Fisher Jurvetson (DFJ) and Walden International have agreed to set up a $150 million venture capital fund with South Korea’s Small and Medium Business Administration (SMBA).
India's Quikr gets $60m from Tiger Global
Tiger Global Management has led a $60 million round of funding for in Indian online classifieds platform Quikr.
Australian VC firm Square Peg plans global push
Square Peg Capital, the Australia-based venture capital firm founded by the co-founder of job search site Seek is looking to expand overseas, with plans to invest up to A$100 million a year in Israel and the US.
China second-hand car platform Youxinpai raises $260m
Warburg Pincus and Tiger Global Management have participated in a $260 million funding round for Youxinpai.com, a Chinese second-hand car auction platform.
GIC leads Series C for China car rental service Yongche
Chinese car rental and taxi-booking site Yongche.com - which has a similar business model to Uber - has raised a Series C round of funding led by Singapore sovereign investor GIC Private.
JD.com, Macquarie commit $50m to China food-ordering site Daojia
Chinese food-ordering platform Daojia has completed a Series D round of funding worth $50 million, led by domestic online retailer JD.com and Macquarie Capital.
China Growth Capital, TDF invest in e-commerce marketplace DHGate
China Growth Capital and TDF Capital have provided a Series D round of funding for DHGate.com, a Chinese B2B cross-border e-commerce marketplace.