Funds
Q&A: Infocomm Development Authority's Steve Leonard
Singapore has introduced a slew of initiatives as part of efforts to become a technology hub. Steve Leonard, executive deputy chairman of the government-backed Infocomm Development Authority (IDA), explains how and why
Singapore start-ups: Touching greatness
At least four Singapore-headquartered start-ups have four years of operations behind them and are worth at least $100 million. Which businesses have the skill and scale to be the next big thing?
GGV leads $10m round for gamer-focused networking platform
Sino-US VC firm GGV Capital has led a $10 million Series B round funding for Curse, a US-based social networking platform that targets online gamers.
India app developer platform gets Series A round
Pokkt, an Indian alternative monetization platform for mobile app developers, has secured $2.5 million in Series A funding from Singapore-based Jafco Asia and SingTel’s corporate VC arm Innov8.
Prologis raises more capital for China logistics platform
Prologis, an industrial real estate investment trust (REIT), has raised another $588 million for Prologis China Logistic Venture, a platform used to acquire and manage logistics properties in China.
Horizons Ventures joins round for reputation site Traity
Horizons Ventures, a VC business owned by Hong Kong billionaire Li Ka-Shing, has participated in a $4.7 million Series A round for shopping-based social platform Traity.
VC-backed Japan lunch delivery site raises $27m
Japan's Star Festival, the VC-backed start-up behind lunchbox delivery and catering site Gochikuru.com has raised JPY2.8 billion ($27.4 million) from strategic investor Askul, one of the country's largest office supply mail-order companies.
Chinese image-sharing app Nice raises $20m
Nice, a Chinese brand-tagging social mobile app, has secured $20 million in a Series B round of financing led by H Capital, with participation from VY Capital, Matrix Partners and Morningside Technologies.
IDG backs Chinese second-hand car site Youche
IDG Capital Partners has provided a Series A round of funding for Youche.com, a Chinese online trading platform for second-hand cars.
Town Health International Medical to invest in Chinese PE fund
Town Health International Medical Group, a Hong Kong-listed dental clinics operator, has contributed RMB15.5 million ($2.5 million) to a PE fund launched by a unit of the Guizhou provincial government.
Carlyle to acquire Japan's SBI Mortgage
The Carlyle Group has made a tender offer to acquire 100% of Japanese mortgage bank SBI Mortgage in deal valued at approximately JPY43.2 billion ($423 million).
VC-backed mobile game platform iDreamSky files for US IPO
IDreamSky Technology, a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures, has filed for NASDAQ IPO.
KPCB, MediaTek join Series A+ round for China’s Hiwifi
KPCB and MediaTek, a Taiwanese fabless semiconductor producer, have jointly invested in a Series A+ round for Chinese wireless router manufacturer Hiwifi.
Greenwoods leads $20m in China parenting site
Greenwoods Asset Management has led a $20 million Series B round of funding for lmbang.com, a Chinese parenting app focused on female community.
NewQuest closes Fund II, prepares for hydropower take-private
NewQuest Capital Partners has reached a final close of $316 million on its second pan-Asia fund, exceeding the $300 million target. The announcement comes as the secondaries specialist is poised to take private US-listed China Hydroelectric in a deal...
Haitong Capital leads $32m round for Chinese finance portal
Haitong Capital, a private equity arm of Haitong Securities, has led a $200 million ($32 million) round of funding for 91Jinrong, a Chinese financial portal.
CMC commits $32m to China online movie ticket site
China Media Capital (CMC) has led a RMB200 million ($32 million) Series C+ funding round for Gewara, a Chinese online movie ticket site.
Q&A: Top Tier Capital Partners' Jessica Archibald
Jessica Archibald, managing director at VC-focused fund-of-funds Top Tier Capital Partners, on mounting valuations in the US venture capital market and Asia losing some of its shine on a risk-adjusted basist
China-US VC: Beyond borders
Chinese tech companies are interested in making investments in the US, while start-ups are targeting Sino-US or global markets from the outset. How can VC investors make money in this melting pot?
China PE in the US: From theory to practice
Chinese private equity firms’ growing interest in US acquisitions has yet to translate into meaningful deal flow. These relatively new arrivals need time to familiarize themselves with a competitive market
GGV, Legend join $50m round for US shopping app Wish
Legend Capital and GGV Capital have participated in a $50 million round of funding for Wish, a San Francisco-based mobile shopping app operator.
Tencent invests $736m in VC-backed Chinese classifieds site
Tencent Holdings will pay $736 million for a 19.9% stake in 58.com, a venture capital-backed Chinese classifieds website that went public on the New York Stock Exchange last October.
VC-backed RareJob goes public in Japan
RareJob, a Japanese English-language learning website that has received capital from a string of VC investors, ended the morning session of its trading debut at a more than 110% premium to its IPO price.
Greenwoods invests $16m in China online rebate site Taofen8
Greenwoods Asset Management has committed RMB100 million ($16 million) in a Series A round of funding for Taofen8, a Chinese online discount aggregation site.