Venture
Indonesia's Bhinneka gets $22m from Ideosource
Indonesia-based venture capital firm Ideosource has committed $22 million to online electronics retailer Bhinneka.
Tencent leads $31m round for Chinese online grocer
Tencent Holdings has led a RMB200 million ($31 million) for Miss Fresh, a Chinese online grocery retailer.
Vertex launches $200m captive fund for SE Asia, India
Vertex Venture Holdings, the VC arm of Singapore-based Temasek Holdings, has launched a $200 million captive fund for investments in India and Southeast Asia.
Singapore’s Golden Gate commits $4m to six start-ups
Singapore-based early stage investor Golden Gate Ventures will commit more than $4 million to six Southeast Asian start-ups.
Indonesia's Convergence Ventures agrees partnership with Baidu
Convergence Ventures, an early-stage venture capital firm based in Indonesia, has agreed to a financial and strategic partnership with Chinese search and web services giant Baidu.
Australia's Atlassian files for US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has filed for a NASDAQ IPO. Accel Partners is the most significant venture capital investor in the business with a 12.5% stake.
SAIF in $6m round for India's Chef's Basket
SAIF Partners has participated in a $6 million Series A round for Indian start-up Fizzy Foodlabs, which operates the Chef's Basket packaged food brand.
Deal focus: Meili Jinrong targets P2P consumer finance
Yooli founder turns his attentions to specialist niches in China's overcrowded online peer-to-peer lending space, with support from Morningside Venture Capital and SoftBank China
Deal focus: Taiwan AI draws global investors
Appier, a Taipei-based company that applies artificial intelligence and machine-learning technology to advertising, gets $23 million in Series B funding
Tiantu leads Series C round for China cosmetics retailer
China consumer-focused GP Tiantu Capital has led a Series C round of funding for Meilapp, a mobile portal devoted to cosmetics and skincare.
Tsing Capital in $22m round for US-based QD Vision
China's Tsing Capital has co-led a $22 million round, with BASF Venture Capital, for QD Vision, a US-based display technology developer with sizeable exposure to Chinese manufacturers.
Innovation Works to list on China’s New Third Board
Innovation Works, a Chinese early stage VC firm founded by Kai-fu Lee, former head of Google China, has applied to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
BAI leads $65m round for China P2P lending site
Bertelsmann Asia Investment (BAI) has led a $65 million Series A round of funding for Meili Jinrong, a Chinese peer-to-peer (P2P) online lending platform with a focus on consumer finance.
China Q&A platform Zhihu raises $55m
Tencent Holdings has led a $55 million Series C round of funding for Zhihu, a Chinese question-and-answer platform similar to US-based Quora.
Intel Capital backs two Greater China start-ups
Intel Capital has invested in Taiwan-based internet of things (IoT) solutions provider Microprogram Information and Chinese imaging and video technology specialist Perfant Technology.
Taiwan AI start-up Appier raises $23m
Taipei-based artificial intelligence (AI) start-up Appier has raised $23 million in a Series B round of funding from UOB Venture Management, Sequoia India, Jafco Asia, TransLink Capital and MediaTek Ventures.
VCs say more is to come from the tech boom - AVCJ Forum
The technology boom has seen a large amount of capital enter start-ups in the online-to-offline (O2O) and mobile consumer spaces, and VC investors think there are still plenty of innovative start-ups worth backing.
Fund focus: Morningside scales up for growth deals
Morningside Venture Capital divides up the corpus of its $660 million fourth fund to address a China market increasingly characterized by early-stage and late-stage deals
Sequoia, Matrix commit $7.6m to India's TinyOwl
TinyOwl, an India-based mobile food-ordering platform, has raised INR500 million ($7.6 million) from existing investors Sequoia Capital and Matrix Partners.
China cross-border e-commerce platform raises $30m
Bolome, a Shanghai-based cross-border e-commerce platform, has raised a $30 million Series B round of funding from Chinese and South Korean investors including search engine Baidu, LB Investment, Share Capital and Chengwei Capital.
Lilly Asia commits $15m to China cancer drug developer
Lilly Asia Venture has provided a Series A round of funding worth $15 million for MabSpace Bioscience, a China-based company focused on developing cancer therapies.
Indonesia’s restaurant discovery app secures $8m
Qraved, an Indonesia-based online restaurant booking platform, has secured an $8 million Series B round of funding co-led by US-based Richmond Global Ventures and China-based Gobi Partners.
Morningside closes fourth China TMT fund at $660m
Morningside Venture Capital, a VC firm set up by Hong Kong’s Chan family – owners of property developer Hang Lung Group – has closed its fourth China-focused fund at $660 million.
Asia O2O services: The long tail
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs