Region
China drug developer Adlai Nortye gets $100m Series D
Adlai Nortye, a Chinese biopharma player specializing in cancer treatments, has raised $100 million in Series D funding.
Boyu stands out in weak quarter for private equity fundraising
A quickfire fundraise by Boyu Capital – which saw $6 billion collected across two pools of capital in the space of a few months – accounted for more than one-quarter of all capital committed to Asia-focused private equity managers between April and June....
Indies reaches first close on SE Asia tech secondaries fund
Indies Capital Partners has reached a first close on a Southeast Asia tech secondaries fund, with commitments totaling more than 70% of the $80 million target.
Temasek's portfolio rebounds to record high
Temasek Holdings shook off last year’s retraction in value to post its highest shareholder return in 11 years, with the overall portfolio reaching a record S$381 billion ($281 billion) for the 12 months ended March.
Singapore's Next Gen gets $20m for US push
Singapore’s Next Gen Foods, which markets the vegetarian chicken brand Tindle, has raised $20 million from VCs including GGV Capital, with a view to entering the US.
India's Flipkart completes $3.6b funding round
Walmart-controlled Flipkart, one of India’s largest e-commerce players, has raised $3.6 billion at a valuation of $37.6 billion with significant private equity support.
Deal focus: Hefu does dining at scale
China restaurant chain Hefu Noodle caters to a lunchtime office-worker client base from a network of central kitchens. Meridian Capital is one of several investors sold on the expansion opportunity
Deal focus: Investcorp bides its time with Linkedcare
The GP spent six months scrutinizing China’s Linkedcare prior to leading a $70 million round, confident that its global insights into software, healthcare, and supply chains were key differentiators
2Q analysis: Trouble in China
Efforts to rein in China’s technology giants have dampened investor sentiment, with India and Southeast Asia stepping into the void. China remains active for fundraising, but there are fears that US IPO activity could take a hit
Deal focus: Bringing specialization to healthcare
TE Asia Healthcare Partners, a Southeast Asia-focused investor backed by TPG Capital, has launched a long-term plan to add much-needed cardiology hospitals to Indonesia’s healthcare mix
GP profile: Unison Capital
Unison Capital hones its game and holds tight to its heritage as one of the pioneers of private equity in Japan, even as its tentacles begin to span the breadth of Asia
Indonesia's Bukalapak set for domestic IPO
Indonesian e-commerce platform Bukalapak – which counts GIC, and Microsoft among its investors – has unveiled plans to become the first of the country’s technology unicorns to complete a domestic IPO.
Regulator blocks China live-streaming platform merger
China’s antitrust watchdog has blocked a merger of Huya and Douyu - the country's two largest video game live-streaming platforms - initiated by Tencent Holdings.
IDG leads $77m round for China health-tech player Synyi
Synyi.AI - a Chinese provider of artificial intelligence-enabled medical services - has raised RMB500 million ($77 million) in Series E funding led by IDG Capital.
India's Ola receives $500m pre-IPO round
Temasek Holdings and Warburg Pincus have joined a $500 million in Indian ride-hailing platform Ola ahead of an IPO.
Korea's Kurly raises $200m, targets domestic listing
Korean grocery delivery platform operator Kurly has raised a $200 million Series F round at a valuation of $2.2 billion, as plans for a US IPO are scrapped in favor of a local listing.
China community group buying platform Tongcheng Life goes bust
Tongcheng Life, a China-based community group buying business incubated by online travel agency Tongcheng-Elong, has announced its bankruptcy, blaming "poor management."
Eight Roads adds partner to India team
Eight Roads Ventures has promoted Ashish Venkataramani to partner in India. It brings the firm's partner count across Bangalore and Mumbai to five.
Advantage, Tokyo Century agree Japan battery carve-out
Advantage Partners is making another investment alongside Tokyo Century Corporation – which bought a stake in the GP two years ago – with an agreement to buy a battery business controlled by local conglomerate Showa Denko.
Tiger Global leads $144m round for India's DealShare
Tiger Global Management has led a $144 million Series D round for Indian social e-commerce start-up DealShare.
Baring Asia secures $324m exit from Korean courier business
Baring Private Equity Asia has sold Korean courier company Logen, ending an eight-year holding period that featured a disputed – and aborted – sale to CVC Capital Partners followed by an arbitration proceeding.
CMC leads $123m Series E for China noodle shop chain
CMC Capital has led a Series E funding round of nearly RMB800 million ($123 million) for Hefu Noodle, a Chinese noodle restaurant chain.
China's Crystal Stream backs Egypt e-commerce platform
Chinese VC firm Crystal Stream Capital has doubled down on a Middle East and Africa strategy with participation in a $40 million investment in Egyptian logistics start-up MaxAB.