Regions
BRI invests Indonesia fintech player Ayoconnect
BRI Ventures, the newly launched VC unit of Bank Rakyat Indonesia, has joined a $5 million pre-Series B round for local financial technology provider Ayoconnect.
Intudo leads Series A for Indonesia restaurant app
Wahyoo, a digital solutions provider for Indonesian eateries, has raised $5 million in a Series A round led by Intudo Ventures.
China's Sherpa closes debut US dollar fund at $200m
Sherpa Healthcare Partners, founded by former healthcare heads at Legend Capital, has closed its first US dollar fund at $200 million.
Navis exits Malaysian business solutions player
Navis Capital Partners has sold its controlling stake in Malaysian IT firm Strateq to a local subsidiary of Singapore telecommunications company StarHub.
Legend leads $20m Series B for China's Exegenesis Bio
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Chinese EV maker Xpeng raises another $300m
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI backs US cybersecurity player's Asia push
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana invests $85m in Asia renewables platform
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects being developed by Equis Development.
JD.com invests $100m in Hong Kong's Li & Fung
Chinese online retailer JD.com is investing $100 million in Hong Kong's Li & Fung, which recently won support from warehouse investor GLP for a privatization.
China IPOs: Onshore attraction
The valuations available on China's booming Star Market are prompting US dollar managers to consider restructuring companies for onshore listings. How long will the fervor last?
Bain sweetens offer for Japan's Nichii Gakkan
Bain Capital has increased its offer price for Tokyo-listed aged care provider Nichii Gakkan – after a Hong Kong hedge fund criticized the board for not doing enough to protect the interests of minority shareholders – valuing the business at JPY122...
Deal focus: Fave wins endorsement for ecosystem pivot
Having found online-to-offline services and mobile payments too crowded, Malaysia's Fave turned itself into a digitization guide for small businesses. Collaboration with India's Pine Labs should strengthen its offering
China launches $12b National Green Development Fund
China has raised an initial RMB88 billion ($12.6 billion) for the first dedicated environmental fund launched by the central government.
Tata Growth commits $30m to India's Biocon
Tata Capital Growth Fund has invested INR2.25 billion ($30 million) in the biosimilars business of India-listed pharmaceuticals giant Biocon.
Microsoft seeks to acquire TikTok assets from China's ByteDance
Microsoft Corporation wants to continue discussions over the purchase of the US operation of TikTok from PE-backed Chinese technology giant ByteDance amid threats from US President Donald Trump to ban the short video platform.
Advent to acquire Indian pharma player
Advent International has agreed to buy a controlling stake in Indian pharmaceutical company RA Chem Pharma.
BRV Capital invests $110m in Line's Thailand delivery app
Line Man, a parcel-to-food delivery app launched in Thailand by Japan’s Line Corporation, has raised $110 million from BRV Capital, an affiliate of BlueRun Ventures.
Sequoia scales up for China growth deals
Sequoia Capital China’s recent $3.68 billion fundraising effort has significantly expanded its scope to participate in later-stage deals. The three funds include a growth vehicle of $2.8 billion, a 55% increase on the previous vintage.
China's Li Auto gains 43% on debut after $1.1b US IPO
Chinese electric vehicle manufacturer Li Auto closed up 43% on its first day of trading on NASDAQ following a $1.1 billion IPO.
Sistema Asia Capital appoints CEO
Sistema Asia Capital, a corporate VC arm of Russian conglomerate Sistema that focuses on India and Southeast Asia, has named Edward Tay (pictured) as CEO.
Advantage shuffles team for succession, strategic reasons
Advantage Partners has appointed Shinichiro Kita as head of its Japan buyout team as part of succession planning within the Japanese firm. The change also ties into efforts to create more synergies between the buyout operation and an expanded public markets...
Navis acquires Cambodia international school
Navis Capital Partners has acquired CIA First International School in Cambodia for an undisclosed sum.
Deal focus: KKR's Vietnam macro proxy - update
KKR - working alongside Temasek Holdings - is using Vinhomes as a means to get exposure to Vietnam's booming property market. Mergermarket and AVCJ offer some additional industry context
Deal focus: Haihe's biotech out-licensing ambition
Warburg Pincus picked Haihe Pharmaceutical as its first bet on innovative drug development in China, having been convinced by the company's mature portfolio and international expansion plans