Region
Hillhouse invests $1.5b in Chinese EV battery maker
Hillhouse Capital has invested RMB10.6 billion ($1.5 billion) in Chinese electric vehicle (EV) battery manufacturer Contemporary Amperex Technology (CATL). It is part of a RMB19.7 billion capital raise by the Shenzhen-listed company.
Canyon Bridge, K2 Venture founders join Asia SPAC wave
Two more groups featuring Asian private equity executives have listed special purpose acquisition companies (SPACs) on US bourses as interest in these structures continues to rise globally.
China biotech player Antengene raises $97m Series C
Fidelity Investments has led a $97 million Series C round for Chinese hematology and oncology biotech developer Antengene.
Investors commit $500m to China EV maker Xpeng
Chinese electric vehicle (EV) manufacturer Xpeng Motors has closed an extended Series C round of around $500 million from a group that includes Hillhouse Capital and Sequoia Capital China, as well as hedge funds Aspex Management and Coatue Management....
Singapore's Her Capital targets $10m for debut fund
Singapore-headquartered venture capital firm Her Capital is seeking to raise a debut $10 million fund to invest in Southeast Asia with a gender lens-focused thesis.
India's Vedantu raises $100m round Series D
Indian online tutoring service Vedantu has raised $100 million in a Series D round led by US hedge fund Coatue Management.
Korea e-sports player DRX secures $22.5m
Korean e-sports organization DRX has raised $10 million from a group of local investors. It coincides with a separate $12.5 million commitment from e-sports specialist ATU Partners.
Sequoia leads Series B for Chinese intelligent sales player
Tungee, a Chinese sales-focused software-as-a-service (SaaS) platform, has raised RMB120 million ($17 million) in a Series B round led by Sequoia Capital China. Qiming Venture Partners also took part.
China's TuSimple wins backing from US truck maker
TuSimple, a China and US-based developer of autonomous driving technology for trucks, has received equity funding from US truck manufacturer Navistar International and entered into a partnership with the company.
DCP, Qiming support China medical devices fund
Ascendum Capital Partners, a healthcare investment firm established by DCP Capital, Qiming Venture Partners and Chinese medical devices manufacturer Venus Medtech, is looking to raise $200 million for its debut fund.
Southeast Asia macro: Encouraging minefield
Southeast Asia benefits from an enviable macro outlook versus other markets, and investment in the region is set to recover relatively quickly. But is that enough?
Asia VC: Vertex's evolving early-stage network
Vertex Holdings’ Chua Kee-Lock likens his network of VC funds seeded by the Temasek-owned entity as a distributed computer system. It will draw down more power as it grows
Walmart leads $1.2b round for India's Flipkart
Walmart has led a $1.2 billion funding round for Flipkart, the Indian e-commerce business in which it acquired a majority stake at a valuation of $24 billion in 2018.
Wavemaker closes third Southeast Asia fund at $111m
Wavemaker Partners has closed its third Southeast Asia venture capital fund with $111 million in commitments. The target was $100 million.
PE-backed Junshi Biosciences shines on Star Market debut
PE-backed Junshi Biosciences has become the first Chinese biotech company to list in Hong Kong and the mainland, following a strong debut on Shanghai's Star Market.
Google joins Facebook on Jio Platforms investor roster
Google has agreed to invest INR337.3 billion ($4.5 billion) in India’s Jio Platforms and outlined plans to build a low-cost smart phone aimed at the mass-market.
Australia: Retail realities
Not all bankruptcies can be blamed solely on COVID-19; neither is private equity ownership necessarily bad news for retailers. As recent experiences in Australia demonstrate, evolution and execution are key
2Q analysis: Numbers that deceive
Asia has seen remarkable revivals in private equity investment and fundraising – though not in exits – over the past three months. A handful of large-cap situations mask a weak environment
Chinese biotech company Arctic Vision raises $32m
China-based ophthalmology therapy provider Arctic Vision has raised a $32 million Series A round led by Morningside Ventures.
KKR backs Australia environment services player
KKR has made an investment of undisclosed size in GreenCollar, an environmental services provider that helped establish Australia’s carbon credit market.
India's Unacademy moves to form edtech group
Indian online education platform Unacademy has acquired a majority stake in industry peer Mastree. It is the company's second acquisition in recent weeks, suggesting a consolidation strategy within the space.
Luckin's chairman, PE backers removed from board
The chairman and largest shareholder in scandal-hit Chinese coffee shop chain Luckin Coffee has been removed at the second attempt. Representatives of several of the company’s private equity backers have also left the board.
Hong Kong vs Singapore: Onshore overtures
Hong Kong and Singapore both position themselves as the headquarters of choice for private equity firms in Asia. But the competitive dynamics – from politics to structures – are not straightforward
Q&A: Navegar's Honorio Poblador
Honorio Poblador, co-founder at Philippines-based Navegar, explains how his firm is positioning its second fund – newly closed at $197 million – in the face of the COVID-19 downturn