Venture
Wearable technology: Heart on your sleeve
Wearables promise to be the next disruptive technology, redefining our daily lives. Are venture capitalists right to be excited and are they getting excited about the right things?
India's iYogi raises $28m Series E round
Axon Partners Group and Madison India Capital have teamed up with existing investors to provide a $28 million Series E round of funding for iYogi, an India-based technology support services provider.
Chinese digital marketing platform AdSame raises $30m
AdSame, a Shanghai-based digital marketing firm, has secured a $30 million Series C round of funding led by Taiwan-based Pacific Venture Partners and Dream Capital Group.
Anthem Asia backs Myanmar PR agency
Anthem Asia, a recently established private equity firm based in Myanmar, has invested in Blink, a PR and digital marketing agency.
VC-backed Tuniu shares jump on debt after $72m US IPO
Shares in Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, saw its shares climb 10% on their trading debut following a $72 million IPO.
VC-backed Cheetah Mobile posts modest gain after $168m IPO
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, ended its second day of trading on the New York Stock Exchange at a slight premium to its IPO price, following a $168 million offering.
GGV reaches $622m final close on Fund V - Update
GGV has confirmed the final close of its fifth Sino-US venture capital fund. The firm said it had raised $620 million, although regulatory filings indicate the final total is $621.9 million.
General Atlantic to invest $150m in China's Jumei alongside IPO
General Atlantic has agreed to invest $150 million in Jumei International Holding, a Chinese online beauty products retailer that is seeking to raise up to $204 million through a US IPO.
Bessemer leads Series B round for India’s TaxiForSure
Bessemer Venture Partners has led a $10 million Series B round of funding for Indian car rental and taxi booking site TaxiForSure.com.
India's Piramal commits $131m to Shriram City Union Finance
Piramal Enterprises - the flagship business of India healthcare conglomerate Piramal Group - has agreed to buy a 9.99% stake in private equity-backed non-banking finance company (NBFC) Shriram City Union Finance (SCFU) for INR7.89 billion ($130 million).
TransLink leads $7.1m round to support Kamcord's Asia growth
TransLink Capital has led a $7.1 million Series A round of investment for Kamcord, developer of the mobile gaming platform of the same name.
SAIF joins Series B as Ayla eyes China expansion
SAIF Partners has participated in a $14.5 million Series B round of funding for Ayla Networks, an internet of things (IoT) platform that wants to expand its cloud-based services into China.
DCM to re-up as China’s Tuniu sets terms for US IPO
DCM and two Chinese strategic investors, Ctrip and Qihoo 360, will invest $35 million in Tuniu through a private placement alongside the online package tour provider’s NASDAQ IPO.
China reverse mergers: In through the out door
With China IPOs still stuttering, a number of private equity investors in need of an exit have opted to go public through reverse mergers. Is the risk-reward good enough for this to become the normal?
Profile: Khosla Ventures' Andrew Chung
Andrew Chung, a partner of Khosla Ventures, passed up a chance at becoming a Hong Kong pop star for a career in VC investing. Now he is helping start-ups commercialize new energy technologies in Asia
Insight breaks records with Campaign Monitor
When you consider the sheer scale of the opportunity, it is perhaps no surprise to learn that Australia's largest-ever tech VC investment to date - which took place earlier this month - involved a software-as-a-service (SaaS) company.
Japan VCs invest $4m in game developer Aiming
Japanese gaming company Aiming has received a JPY450 million ($4.3 million) round of investment from YJ Capital, Mitsubishi UFJ Capital and Mizuho Capital.
Texas County & District backs Legend's China VC fund
Texas County & District Retirement System (TCDRS) has committed $30 million to Legend Capital’s latest China venture capital fund.
SingTel Innov8, Foxconn back Singapore's KAI Square
KAI Square, a Singapore-based video analytics firm, has obtained S$4 million ($3 million) in Series B funding from Foxconn Technology Group and SingTel Innov8.
Sequoia provides Series A for India's SirionLabs
Sequoia Capital has agreed to provide $4.7 million in Series A funding to SirionLabs, a software-as-a-service (SaaS) provider based in India and the US.
CDH eyes summer close for recalibrated VC fund
CDH Investments is targeting a $150 million final close on its third China venture capital fund, having suspended marketing for a year following a decision to cut back the investment remit and vehicle size.
Fosun launches VC arm in Silicon Valley
Chinese conglomerate Fosun International has launched a venture capital arm operated in Silicon Valley. The firm, Kinzon Capital, has received $100 million from Fosun to invest in US-based start-ups.
Trustbridge joins round for China food ordering site Meican
Meican, a Chinese food ordering platform, has received an undisclosed sum in follow-on funding from Trustbridge Partners to complete a Series B round of funding.
US-based Weebly secures $35m from Tencent, Sequoia
Tencent Holdings and Sequoia Capital have invested $35 million in a Series C round of funding for Weebly, a US-based web-hosting services provider.