Venture
Alibaba acquires remaining shares of VC-backed UCWeb
Chinese e-commerce giant Alibaba Group has bought all the remaining shares of VC-backed mobile-browser firm UCWeb.
China online social shopping platform Mogujie raises $200m
Mogujie, a Chinese online shopping platform and social network, has raised $200 million in a Series D round of funding led by Hopu Investments and Trustbridge Partners. Existing investors Qiming Venture Partners and IDG Capital Partners also participated....
Mayfield invests further $5m in India ATM surveillance firm
Mayfield Fund has invested an additional INR300 million (over $5 million) in Indian ATM e-surveillance firm Securens Systems through a subscription to preference and equity shares.
India's FashionandYou raises $10m Series D round from VCs
Indian discount e-commerce fashion site FashionandYou.com has raised $10 million from new and existing investors in a Series D round of funding including Sequoia Capital, Smile Group, Norwest Venture Partners, Intel Capital and Nokia Growth Partners....
Singtel's Amobee acquires VC-backed Adconion, Kontera
Amobee, the mobile ad company owned by Singapore telecoms giant SingTel, has acquired two VC-backed digital ad firms: Adconion and Kontera, for $235 million and $150 million, respectively.
GrabTaxi's scale proposition
Two tears ago, Anthony tan was pitching taxi fleets in Kuala Lumpur. His idea for a mobile phone app that could be used to make taxi bookings came runner-up in Harvard Business School's (HBS) 2011 business plan contest. Turning it into a reality was proving...
China VCs cautious on strategic capital – AVCJ Forum
Trade sales to Chinese internet giants represent an alternative exit route for traditional venture capital players, but buyers must have a clear roadmap for developing the portfolio companies, VC investors told the AVCJ China Forum.
Cyberagent leads Series A for 3D printing start-up
Cyberagent Venture, the corporate VC arm of internet firm Cyberagent, has led a $2 million Series A round of investment in Japanese 3D printing service Kabuku.
Inspire Ventures leads $10m round for Thailand's aCommerce
Inspire Ventures has led a $10.7 million Series A round of funding for aCommerce, a Thailand-based e-commerce services provider.
KDDI invests $1m in Japan handiwork marketplace
KDDI Open Innovation Fund, the early-stage investment vehicle backed by Japanese telecoms giant KDDI, has invested JPY100 million ($1 million) in Creema, an online consumer-to-consumer (C2C) market for handmade items.
IDG leads $20m Series B for China's Dew Mobile
IDG Capital Partners has led a $20 million Series B round of investment in DewMobile, the Chinese start-up behind file transfer app Zapya.
Former Mitsui VCs launch $150m biopharma fund
Two former venture investors from Japanese trading company Mitsui & Co are looking to raise $150 million for a new fund focusing on the biopharmaceutical sector.
China menstruation-tracking app gets $30m Series C round
Ceyuan Ventures has led a $30 million Series C round of investment in Dayima.com, a Chinese menstruation cycle-tracking mobile app.
Morningside, Qiming invest $15m in China social networking app
Morningside Technologies and Qiming Venture Partners have committed $15 million in Series A funding to Inbilin, a Chinese voice call social networking app.
IDG invests $20m in China file transfer app
IDG Capital Partners has committed $20 million in Series B funding to Zapya, a Chinese file transfer mobile app.
India VC Reservoir reaches first close on maiden fund
India early stage investor Reservoir Investment Managers has reached a first close on its maiden fund, Exfinity Technology Fund - Series I (ETF-I).
Singapore payment platform Fastacash secures $4m
Singapore-based payment platform Fastacash has secured a $4 million Series B round of funding from Jagdish Chanrai, principal of Kewalram Chanria Group, and Golden Oriole Investments.
Indian Angel Network launches incubation program
The Indian Angel Network (IAN) has launched an incubation program in association with German developmental aid agency GIZ and the Small Industries Development Bank of India (SIDBI).
Sequoia commits $15m to India gaming company
Sequoia Capital has provided $15 million in Series A funding to Octro, an India-based mobile games developer.
Shunwei raises $525m for second China VC fund
Shunwei Capital Partners, a Chinese VC firm set up by Lei Jun (pictured), a noted angel investor and founder of mobile phone brand Xiaomi, has closed its second fund at $525 million.
SIGVC invests in China Resources' online drug platform
Shanghai International Group Venture Capital (SIGVC) has provided a RMB300 million ($48 million) Series A round funding for J1.com, an online drug store launched by China Resources Holdings.
Former Sony CEO Nobuyuki Idei joins Fenox
Former Sony CEO Nobuyuki Idei has joined Silicon Valley-based VC firm Fenox Venture Capital as a board advisor.
IDG reaches $586m final close on early-stage China fund
IDG Capital Partners has reached a final close of $586 million on its latest China venture capital fund, which will make early-stage investments in the technology, media and telecom (TMT) sector.
China VC: The virtuous circle
China’s VC market is evolving as funds started by or raised from founders of first-generation internet firms. Concerns about conflicts of interest must be addressed, but the influence of their ecosystems will grow