Venture
Profile: Qiming Venture Partners' Gary Rieschel
Gary Rieschel’s career in venture capital began in the US before the dotcom bubble burst. Now the co-founder of China-based Qiming Venture Partners advocates a cautious investment strategy
China online truck logistics platform secures $35m
Huochebang, a China-based online logistics platform that allows truck shipment tracking, has raised a $35 million round of funding led by Genesis Capital.
Abraaj leads $30m round for SE Asia last-mile delivery start-up
The Abraaj Group has led a $30 million Series B round of funding for Ninja Van, a last-mile logistics provider with operations in Singapore, Malaysia and Indonesia.
Tiger, IDG lead $30m Series C for India's NestAway
Tiger Global and IDG Ventures, along with Russian entrepreneur Yuri Milner, have led a $30 million Series C round for Indian online home rental start-up NestAway.
VC-backed Dada Nexus merges with JD's O2O business
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
Fosun Kinzon leads $23m round for China's Huivo
Fosun Kinzon Capital, a VC arm of Fosun Group, has led a RMB150 million ($23 million) extended Series B round of funding for Huivo, a Chinese online education solutions provider for kindergartens.
China online finance site Licaifan completes $51m round
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
China discounted e-commerce site Juanpi raises $93m
Juanpi.com, a Chinese online platform selling discounted consumer products, has raised a RMB600 million ($93 million) Series C round of funding co-led by Tiantu Capital and China Merchant Bank International.
Chinese online grocer FreshMarket raises $38m round
Addor Capital has led a RMB249 million ($38 million) Series C round of funding for FreshMarket, an online grocery service based in China.
Alibaba invests $1.25b in food delivery platform Ele.me
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have invested $1.25 billion in Ele.me, a VC-backed online food-ordering platform.
Fund focus: Globis gets traction with pension LPs
Japanese pension funds show stronger interest in latest fund from Tokyo's Globis
Deal focus: VCs back Kyulux to be leading light
VCs and strategic investors demonstrate confidence in Kyulux to produce energy-efficient digital displays with higher quality at a lower price
China VC: Class society
China's venture capital industry has developed a tiered structure - similar to that seen in the US - with a select bunch of managers in heavy demand among LPs
GGV reaches $1.2b final close on Sino-US VC fund
GGV Capital has closed its latest VC fund at $1.2 billion across three vehicles – a core venture fund, an early stage fund and an entrepreneurs fund – that will target start-ups and growth-stage technology deals in China and the US.
Eleven Zulu launches $100m pan-Asian venture fund
US-based VC firm Eleven Zulu Capital has launched a $100 million fund targeting Asian technology and services-focused start-ups.
Chinese travel app developer Huoli secures $144m
Shenzhen Huoli Tianhui Technology, the parent company of Chinese flight management app Flights Manager, has raised RMB933 million ($144 million) in a Series C round of funding.
China Growth Capital leads round for auto-focused lending platform
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
Seed investors still cautious on valuations
Seed-stage valuations remain robust despite a general cooling in the global venture funding market that has seen a number of highly-valued technology start-ups raise later-stage down rounds.
Monk's Hill closes Southeast Asia VC fund
Singapore-based Monk's Hill Ventures has closed its first Southeast Asia-focused fund above its target of $80 million, according to Managing Director Peng T. Ong.
JD Finance invests in VC-backed Meili Jinrong
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors....
China HR services platform Joyowo secures $15m
Joyowo.com, a Chinese online HR services platform, has raised a RMB100 million ($15 million) Series B round from VC investors including Sequoia Capital, Greenwoods Asset Management and Meridian Capital.
Samsung leads $13.5m round for Japan's Kyulux
Samsung Venture Investment has led a $13.5 million Series A round for Kyulux, a developer of advanced lighting technology used in digital screens.
Unicorn raises $210m for China VC fund-of-funds
Unicorn Capital Partners, a China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners alumnus Tommy Yip, has closed its debut fund at about $210 million.
Indonesia VC regulation: One step at a time
Indonesia’s government is serious about supporting VC investment, but regulatory inconsistency continues to slow development of the industry. Participants say engagement with major players is essential