Venture
China dating app Tantan raises $32m Series C
Tantan, a Chinese version of US-based dating app Tinder, has completed a $32 million Series C round led by DST Global, Vision Plus Capital and LB Investment.
GGV, Morningside lead $32m round for China fitness app
GGV Capital and Morningside Venture Capital have co-led a $32 million Series C round for Keep, a Chinese mobile app that provides fitness training programs.
Meridian Capital seeks $307m for China VC fund
Meridian Capital, a Chinese technology-focused venture capital firm, is looking to raise RMB2 billion ($307 million) for its latest renminbi-denominated fund.
Aura launches Australia-focused VC fund
Aura Group, an Australia and Singapore-based fund management and investment business, is raising an Australia-focused venture capital fund with a target corpus of A$30 million ($21.8 million).
Matrix, Nexus in $13.5m Series C round for India's Stayzilla
Matrix Partners India and Nexus Venture Partners have committed $13.5 million in Series C funding to Indian hotel and home-stay reservation app Stayzilla.
Apple invests $1b in China ride-hailing app Didi Chuxing
Apple has made $1 billion strategic investment in Didi Chuxing, China's leading ride-hailing app operator.
IFC to invest in Southeast Asia frontier markets fund
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $7.5 million in a PE fund managed by Singapore's Emerging Markets Investment Advisers (EMIA).
VC-backed China Online Education files for US IPO
China Online Education Group, operator of VC-backed English-learning mobile app 51Talk, has filed for a US IPO.
Max, Goldman invest $5m in India's Azure
Max Group and Goldman Sachs have invested INR335 million ($5 million) in Indian restaurant operator Azure Hospitality.
Creation leads $25m Series B for India's Capital Float
Chicago-based Creation Investments Capital Management has led a $25 million Series B round for Indian small and medium-sized enterprise (SME)-focused non-banking finance company (NBFC) Capital Float.
WiL, Infinity join $22m round for Japan's Soracom
World Innovation Lab (WiL) and Infinity Venture Partners are among the participants in a JPY2.4 billion ($22 million) round of funding for Soracom, a Japan-based internet of things (IoT) communications platform.
India's HealthifyMe gets $6m Series A round
IDG Ventures, Inventus Capital and Blume Ventures have led a $6 million Series A round for Indian health and fitness app developer HealthifyMe.
Deal focus: VCs back ACT’s customized cancer care model
Taiwan-based ACT Genomics will use its Series B funding to expand its genetic sequencing and molecular testing services - typically used by doctors in cancer treatment - to other Asian markets
China’s Kingsoft Cloud gets extended Series C round
Kingsoft Cloud Group, a cloud computing unit owned by China’s Kingsoft, has raised $48.9 million in an extended Series C round of funding from China Merchants Securities and its parent company.
DCM China co-founder Ruby Lu joins H Capital
Ruby Lu, co-founder and general partner at DCM China, has joined H Capital, a China-focused venture capital firm founded by Xiaohong Chen, ex-China managing partner at Tiger Global Management.
Dell Foundation to invest $50m in Indian start-ups
The Michael and Susan Dell Foundation (MSDF) has committed to invest $50 million in Indian start-ups over the next three years.
SBCVC, New Horizon lead $119m round for China fashion site
SBCVC and New Horizon Capital have led a RMB1 billion ($119 million) Series C round for Chuchujie, a Chinese mobile e-commerce platform.
New Horizon leads new round for Hong Kong's GoGoVan
Hong Kong app-enabled logistics start-up GoGoVan has completed a Series C round led by New Horizon Capital. Financial terms were not disclosed.
Online retailer Farfetch raises $110m for Asia expansion
Farfetch, a UK-based high-end online fashion retailer, has raised a $110 million Series F round led by new investors Temasek Holdings, China-based IDG Capital Partners and French investment firm Eurazeo.
Sino-US biopharma player gets $10m round
Sino-US biopharmaceutical company Sirnaomics has raised $10 million in a Series B round led by Hong Kong-based venture capital firm Value Measured Investment.
Australian budget enhances incentives for early-stage investors
Early-stage investors in Australia will be granted a string of new tax incentives as the government continues its efforts to develop a more innovative economy.
China's Lenovo launches $500m corporate VC fund
Chinese computer manufacturer Lenovo Group has launched a $500 million corporate VC fund to invest in technology start-ups.
AID in $13m round for Japan home rental site
AID Partners and Cool Japan Fund have contributed to a JPY1.4 billion ($13 million) round for Japan’s Hyakusenrenma, an online vacation rentals platform.
IFC leads $60m round for India's Lenskart
The International Finance Corporation (IFC) has led a INR4 billion ($60 million) Series D round of funding for Indian online eyewear retailer Lenskart.