Venture
Globis backs online stock photo site Pixta
Globis Capital Partners has invested JPY70 million ($700,000) in Pixta, the Japanese company behind stock photo and online storage service site Pixtastock.com.
Qunar shares nearly double on NASDAQ debut
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, saw its stock nearly double on the first day of trading on NASDAQ on Friday. It betters the 42% gain posted by VC-backed Chinese classifieds website 58.com a day earlier.
Kaiwu nears $100m mark on debut China VC fund
Kaiwu Walden Capital, a China-based early-stage venture capital firm, has so far raised $98 million for its debut fund after just over one year in the market.
Baidu, VC-owned Qunar ups US IPO target
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, has increased the indicative price range for its forthcoming IPO and is now expected raise as much as $155.4 million.
New Zealand, Taiwan cross-border fund ups target to $70m
A cross-border fund launched by New Zealand-based Pan Pacific Capital and Taiwan's state-run Institute for Information Industry (III) has raised its target to $70 million and is nearing a first close.
Matrix provides Series A for Shotformats Digital Works
Matrix Partners India has provided a Series A round of funding for Shotformats Digital Works, a distribution and digital entertainment company. Financial terms were undisclosed.
Sequoia leads $16m investment in Cloudnine hospital chain
Sequoia Capital has led INR1 billion ($16.3 million) investment into Bangalore-based infant and maternity care hospital chain Cloudnine. Existing investor Matrix Partners also participated in the round.
Vietnam government launches 'Silicon Valley Project'
Vietnam’s Ministry of Science and Technology will build two accelerators under its Silicon Valley Project for technology commercialization - turning research into practical applications.
Chinese digital magazine Viva receives $20m round
Viva, a Chinese digital magazine operator, has received a $20 million Series C round of financing from an undisclosed French investment institution. Minhong Yu, founder of Chinese education provider New Oriental, also participated in the round.
Fosun VC, ChinaRock back Shijiebang Series A round
Fosun Venture Capital Investment, Fosun Group’s VC arm, and US-based ChinaRock Capital Management have invested in a Series A round of financing for online travel site Shijiebang. Angel investor Jerry Yang, co-founder and former CEO of Yahoo, also participated...
CDH leads $20m round for movie ticket site Gewara.com
Existing investor CDH Investments has led a $20 million round of funding for Gewara.com, a Shanghai-based online movie ticket website.
Jafco-backed Ride On Express files for Japan IPO
Ride On Express, a Japanese food delivery franchise operator backed by Jafco Ventures, has filed for a Tokyo IPO.
INCJ invests $8m in Japanese mobile payment start-up
Government-backed Innovation Network Corporation of Japan (INCJ) has invested JPY800 million ($8 million) in mobile payments processor Coiney.
CDH invests $3m in Chinese personal finance app Wacai
CDH Investments has committed $3 million in the latest round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer.
Qiming invests in traditional Chinese medicine business
Qiming Venture Partners has committed a Series A round of funding to Jun He Tang, a traditional Chinese medicine business. Financial terms were not disclosed.
Malaysian financial comparison start-up gets $2m
Jungle Ventures has led a $2 million round of Series A funding for iMoney, a Malaysia-based financial comparison start-up. Other investors include IMJ Fenox, Fenox Venture Capital, Redbright Partners, 500 Startups and Vogel Ventures, as well as German...
Tata Capital buys stakes in Tata Sky, Mitra Biotech
Tata Capital’s offshore Tata Opportunities Fund (TOF) has acquired a 5% stake in direct-to-home (DTH) TV provider Tata Sky, while VC fund Tata Capital Innovations has backed cancer care company Mitra Biotech.
VC-backed Chinese lottery site files for $150m US IPO
VC-backed Chinese sports lottery provider 500.com has made an initial filing to raise around $150 million through an IPO on the New York Stock Exchange.
China's Sungy Mobile targets $80m US IPO
Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), is targeting a $80 million IPO and a listing on the New York Stock Exchange. The company, which focuses on apps, widgets and functions...
Lead Capital invests $2m in Japan's Talknote
Lead Capital Management has invested JPY200 million ($2 million) in Talknote, the Japanese start-up behind the corporate social networking platform of the same name. This is the second round of funding the company has received, following an undisclosed...
Intel Capital unveils seven new Asia investments
Intel Capital, a corporate VC arm of chipmaker Intel Corporation, has invested in seven Asia-based companies as part of a batch of 16 global commitments totaling $65 million. The Asian firms, coming from China, India, Singapore, Japan and Taiwan, account...
Ex-CDH executive arrested in China
Gongquan Wang, founder of CDH Venture Capital, has been formally arrested by Chinese authorities following his detention last month on charges of assembling a crowd to disturb public order. Wang left CDH two years ago.
IDG, CreditEase target online finance
CreditEase, the largest peer-to-peer (P2P) lender in China, has introduced a new twist to its relationship with IDG Capital Partners. Two-and-a-half years after becoming an IDG portfolio company, CreditEase has become a principal investor in an IDG-managed...
India e-commerce: Sink or swim
India’s e-commerce sector is in the midst of consolidation. VC money continues to flow to the larger players but even they are examining their business models in a climate of higher operating costs