Region
QIC explores Virgin Australia bid
Queensland Investment Corporation (QIC) has been asked by the state government, its ultimate owner, to explore a bail-out for beleaguered airline Virgin Australia Holdings (VAH).
Intel Capital backs three Chinese start-ups
Intel Capital has invested in two Chinese semiconductor suppliers and a Chinese medical technology developer as part of a $132 million commitment spread across 11 start-ups.
UAE's EMPG acquires Rocket-backed Lamudi Global
EMPG, a real estate classifieds marketplace group headquartered in the United Arab Emirates, has acquired Lamudi Global, which runs property market portals in the Philippines and Indonesia.
China last-mile delivery platform files for US IPO
Dada Nexus, a Chinese last-mile delivery platform backed by the likes of JD.com, Walmart, Sequoia Capital China, and DST Global, has filed for a US IPO.
Deal focus: GudangAda fills FMCG distribution void
Keeping every small store in Indonesia well-stocked is a monumentally complex challenge that GudangAda tackles by bringing buyers and sellers together online.
Coronavirus & Vietnam: Hobbled winner
A successful COVID-19 containment plan has underlined Vietnam’s status as a leading investment destination in Southeast Asia. GPs are impressed but still hamstrung
KKR to buy majority stake in Australia's Colonial First State
KKR will buy a 55% stake in Colonial First State (CFS), the wealth management arm of Commonwealth Bank of Australia (CBA), in a deal that values the business at A$3.3 billion ($2.1 billion).
Deal focus: RWDC's plastics replacement mission
RWDC Industries believes it has a biodegradable substitute for plastic that can be produced at scale. The Singapore and US-based company now has $133 million in VC funding to help make its case
Sequoia leads $109m round for Indonesia coffee chain
Sequoia Capital India has led a $109 million Series B round for Kopi Kenangan, an app-driven grab-and-go coffee chain based in Indonesia.
Singapore SME financing platform gets $20m
Validus, a Singapore-headquartered financing platform for small to medium-sized enterprises (SMEs) in Southeast Asia, has raised $20 million in a Series B+ round co-led by Vertex Growth and Orion Fund.
China's Oceanpine reaches $200m first close on Fund II
Oceanpine Capital has reached a first close of $200 million on its second fund, 30% of which was committed by the GP. The target is $400 million.
India-China regulation: Punching bag
Chinese venture capital investors have become an increasingly significant presence in India’s venture capital ecosystem, but a recent regulatory reform calls their participation into question
Tribe Capital leads $13m round for Indian logistics aggregator
Shiprocket, an Indian logistics aggregator that primarily solves shipping needs of small businesses, has raised $13 million in a funding round led by US VC firm Tribe Capital.
Dragon Ball, CDH lead Series C in China's Lehe Food
Lehe Food, a China-based distributor of fresh food and ingredients, has secured RMB400 million ($56 million) in Series C funding led by Dragon Ball Capital and CDH Investments. Existing backer Hezhi Investment re-upped.
AirTree backs Australia property intelligence platform
AirTree Ventures has led a A$6 million ($3.9 million) Series A round for Archistar, an Australian online property platform that allows users to click on blocks of land and see what can be built.
Hummingbird Bioscience gets $25m extended Series B
Hummingbird Bioscience, a Singapore and US-based drug developer with two cancer treatments on course to enter clinical trials, has received $25 million in an extended Series B round of funding led by the holding company of Korea’s SK Group.
Vertex leads $26.5m Series D for Taiwan's M17
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has led a $26.5 million Series D round for Taiwan-based media streaming company M17 Entertainment.
Sunshine Life leads Series C-plus for China's Huisuanzhang
Huisuanzhang, a Chinese finance and tax management software developer, has raised $60 million in an extended Series C round of funding led by Sunshine Insurance Group. Existing investors Gaocheng Capital, Xiaomi and Swift Hover re-upped.
Korea's Kurly raises $164m Series E
Kurly, operator of Korean grocery delivery platform Market Kurly, has raised KRW200 billion ($164 million) Series E round from a group of domestic and international VCs.
Carlyle pursues control of India's SeQuent for $210m
The Carlyle Group has reached agreements that could see it pay INR16.3 billion ($216 million) for up to 74% of Indian animal healthcare services provider SeQuent Scientific.
KDB, K-Growth commit $2b to Korea VC ecosystem
State-owned Korea Development Bank (KDB) and Korea Growth Investment (K-Growth), a fund-of-funds, have jointly committed KRW2.5 trillion ($2 billion) to the local VC ecosystem.
Chinese enterprise start-up WakeData gets $10m Series B
Chinese digital enterprise services provider WakeData has raised $10 million in Series B funding led by Redpoint China Ventures and Sequoia Capital China. Other investors include IDG Capital.
Bain makes $1b bid for Japan care services provider
Bain Capital has submitted a buyout offer for Nichii Gakkan, a Tokyo-listed provider of aged care, childcare and medical support services, that values the company at approximately JPY109.5 billion ($1 billion).
CVC to invest in Indian cancer care chain operator
CVC Capital Partners plans to acquire 36.4% of HealthCare Global Enterprises (HCG) in a deal that ultimately could see it assume majority ownership of the Indian cancer care center operator.