Region
SummitView leads $99m round for China's Enflame
Enflame Technology, a Chinese artificial intelligence (AI) technology developer that provides deep learning solutions for data centers, has raised RMB700 million ($99 million) in Series B funding led by Summitview Capital.
Raphael Arndt becomes CEO of Australia's Future Fund
Raphael Arndt has been appointed CEO of Australia’s Future Fund, succeeding David Neal, who departed earlier this year to lead IFM Investors.
PEP looks to cut OPTrust into Zenith Energy deal
Pacific Equity Partners (PEP) wants to bring OPTrust into its bid for Australia-listed off-grid power provider Zenith Energy after the Canadian pension fund built up a sizeable position in the company.
Vista Equity to invest $1.5b in Reliance's India app platform
US-based Vista Equity Partners has agreed to invest INR113.67 billion ($1.5 billion) for a stake in Jio Platforms, a holding company for Indian internet and telecom assets, including Reliance Jio Telecom.
China enterprise software: PaaS vs SaaS
Platform-as-a-service has become the flavor of the month in China’s software industry, but there can be a big difference between what start-ups are and what they claim to be
Deal focus: Oriente's plastic alternative
Well-capitalized though not immune to COVID-19 disruption, Indonesia and Philippines-focused online lender Oriente is waiting for the market to get back to normal
China car trading platform Chehaoduo raises $200m
Chehaoduo, a Chinese online auto services provider that runs used car trading platform Guazi and new car trading platform Maodou, has raised $200 million in an extended Series D round from SoftBank Vision Fund and Sequoia Capital China.
Everstone sells Asia payroll business to US strategic player
India and Southeast Asia-focused private equity firm Everstone Group has agreed to sell Singapore-headquartered human resources software provider Excelity Group to US peer Ceridian. The size of the deal has not been disclosed.
Australia SME lender Judo raises $147m
Judo Bank, a PE-backed start-up that provides loans to Australian small and medium-sized enterprises (SME), has raised A$230 million ($147 million) from existing investors.
Cashlez gains on debut after Indonesia IPO
Indonesian mobile point-of-sale solution provider Cashlez - a portfolio company of Mandiri Venture Capital - traded up on debut following an IDR87.5 billion ($5.7 million) domestic IPO.
Q&A: Viola Ventures' Ronen Nir
Ronen Nir is a general partner at Viola Ventures, an early-stage technology investor under Israel’s Viola Group looking to expand its presence in Asia
China chip maker ASR hits $1.6b valuation at Series D
ASR Microelectronics, a Shanghai-based manufacturer of chips for use in consumer electronics, has closed an extended Series D round of $119 million. The company is now valued at more than $1.6 billion.
China's Kingsoft Cloud files for US IPO
Kingsoft Cloud, China’s largest independent provider of cloud-based IT services, has filed to list in the US. Kingsoft Corporation and Xiaomi, the two largest shareholders, have indicated they will commit $75 million to the offering.
Singapore's RWDC Industries secures $133m Series B
RWDC Industries, a Singapore-based start-up that is developing fully biodegradable alternatives to single-use plastics, has raised $133 million in Series B funding.
Indonesia's GudangAda gets $25m Series A
Indonesian B2B e-commerce platform GudangAda has raised $25.4 million in a Series A round led by Sequoia Capital India and Alpha JWC Ventures.
Singapore's Ninja Van raises $279m Series D
GeoPost, a logistics division of French postal services giant La Poste, has led a $279 million Series D round for Singapore last-mile delivery start-up Ninja Van.
Deal focus: Circulate makes early moves in a must-win battle
Specialist venture capital firm Circulate Capital is targeting overlooked start-ups with a view to stemming a global environmental crisis that puts Asia at center stage
Asia private debt: Inflection point?
With other pools of capital running dry for many companies, private debt has become a more appealing proposition. Institutional funds have a chance to impose themselves on a bank-driven market
Warburg Pincus invests $26.7m in IDFC First Bank
Warburg Pincus has invested INR2 billion( $26.7 million) in IDFC First Bank as part of an INR20 billion capital raise by the Indian lender.
Navegar backs Series B for Australia's Cloudstaff
Manila-based GP Navegar has joined a $20 million Series B round for Cloudstaff, an Australian staff outsourcing services player with core operations in the Philippines.
Chinese toy figurine retailer Pop Mart raises $100m
Chinese black-box doll retailer Pop Mart has raised more than $100 million in funding from China Renaissance and Loyal Valley Capital in what is expected to be its last round before an IPO.
CLSA acquires Japan IT services provider
CLSA Capital Partners (CLSA CP) has acquired a majority stake in Japanese IT services provider Earth Technology for an undisclosed sum.
LP interview: Roc Partners
Having transitioned from a locally focused fund-of-funds into pan-Asian multi-strategy investor, Roc Partners is finding new ways to branch out in the current downturn
Silver Lake to invest $750m in Reliance's India app platform
Silver Lake Partners has agreed to invest INR56.5 billion ($750 million) for a stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.