Venture
Deal focus: Ucar appeals to classy car bookers
China's online taxi-booking platforms have made huge strides, but the convenience they offer comes with an element of risk as well. Services like Didi Dache, Kuaidi Dache and Uber treat their drivers as contractors rather than employees, which limits...
China taxi app operator Didi Kuaidi raises record-breaking $2b
Chinese mobile ride-hailing app operator Didi Kuaidi has raised $2 billion in a round including new investors Ping An Ventures and Capital International Private Equity Fund. The transaction is understood to be the largest ever fundraising by a private...
Deal focus: VCs dine on Korea's MangoPlate
Nothing illustrates South Korea's obsession with food better than a new foodie craze called Mukbang.
China healthcare: The specialists
On the back of reforms and a rising consumer class, China's healthcare sector is expected to see huge growth. Sector specialists have emerged to capitalize on the opportunity. How can they differentiate themselves?
Joy Capital leads $60m round for Chinese vacation rentals site
Xiaozhu.com, a Chinese short-term rental site, has completed a Series C round of funding worth $60 million led by Joy Capital, a new VC firm spun-out from Legend Capital.
China auto after-sales services platform raises $60m Series C
Diandian Yangche, a VC-backed mobile app that focuses on automotive after-sales services in China, has raised a $60 million Series C round of funding from undisclosed investors.
Nova, Caixa lead $3m Series A for Malaysia eyewear retailer
Nova Founders Capital and Caixa Capital have led a $3 million Series A round for Malaysia-based eyewear retailer GlassesGroupGlobal.
Hillhouse, Sofina lead $29m round for India's Hector Beverages
Beijing-based Hillhouse Capital and Belgium's Sofina have led a $29 million Series C round for Indian drink maker Hector Beverages.
Ardent invests $2.2m in Indonesia B2B portal Bizzy
Ardent Capital has committed $2.5 million to Bizzy, an Indonesian provider of business-to-business (B2B) e-commerce services.
Oriza, SF Express invest $80m in China Wi-Fi operator
Oriza Holdings and SF Express, a Chinese logistics company, have led an $80 million Series A round of funding for 100MSH, a start-up that provides public Wi-Fi networks to commercial operators.
Wanda, Tencent, CITIC Capital join $967m round for China travel site
Wanda Group, Tencent Holdings and CITIC Capital have participated in a RMB6 billion ($967 million) financing round for Tongcheng Network Technology, a VC-backed Chinese online travel agency.
Renren leads $50m round in China online finance site
Chinese social networking site Renren has led a $50 million Series B round for Shenzhen Jinfuzi Network Technology, a Chinese online wealth management platform.
Cathay Capital launches Sino-French innovation fund
Cathay Capital Private Equity has launched a Sino-French Innovation Fund that is looking to invest in start-ups in France, China and the US.
SAIF commits $5m in Series A funding to India's Zoomo
SAIF Partners has led a $5 million Series A round of funding for YoungMonk Technologies, the start-up behind peer-to-peer (P2P) used car marketplace Zoomo.
IDG, DCM, NLVC commit $100m to China mobile office platform
IDG Capital Partners, DCM and Northern Light Venture Capital (NLVC) have participated in a $100 million Series D round of funding for Fxiaoke.com, a Chinese cloud-based mobile business management application.
New Horizon, Addor Capital back China rural e-commerce play
New Horizon Capital and Addor Capital, a PE firm under Govtor Capital, have participated in a RMB500 million ($81 million) Series A round of financing for Huitongda, an online home appliance retailer that focuses on China’s rural areas.
IFC, Axon, Intel Capital commit $13.5m to India's NxtGen
IT infrastructure services provider NxtGen Technology has raised $13.5 million in Series B funding from International Finance Corporation (IFC), Axon Partners Group and Intel Capital.
Korean restaurant site MangoPlate raises $6.1m
South Korean restaurant discovery platform MangoPlate has raised $6.1 million from a group of corporate VC backers including Qualcomm Ventures, SoftBank Ventures Korea, and Yahoo Japan's YJ Capital.
Qiming promotes William Hu to managing partner
China VC firm Qiming Venture Partners has promoted healthcare specialist William Hu to managing partner with immediate effect.
Late-stage tech: Hedging bets in India
Everyone is trying to get of the piece of tech story in India and US hedge funds are not different, but what will their entry into the early stage rounds mean for the broader venture capital industry
China tech: From Beijing to the Bay Area
Chinese technology companies are becoming more interested in backing US start-ups, with some groups even building local teams in Silicon Valley. What does this mean for the start-up community?
IDG Ventures India founder Manik Arora to leave firm
Manik Arora, founder and managing director of IDG Ventures India, will leave the venture capital firm.
Nokia Growth leads Series B for India's Indix
Nokia Growth Partners has led a $15 million Series B round for Indian cloud-based analytics start-up Indix. Existing investors Nexus Venture Partners and Avalon Ventures took part in the round as well.
Chinese tutor app Changingedu.com raises $100m
TAL Education Group, a US-listed K-12 after-school tutoring service provider, has led a $100 million Series C round for Changingedu.com, a China-based platform that connects private teachers with students.