Regions
Temasek leads extended round for Singapore's ShopBack
ShopBack, a Singapore-based rewards platform that generates sales for online and offline retailers, has completed a $75 million extended round of funding led by Temasek Holdings.
VC-backed Chinese driverless delivery start-up gets $28m
Addor Capital and Chinese electric vehicle manufacturer Lixiang Automotive have led a RMB200 million ($28 million) in an extended Series A round for Neolix, a domestic unmanned distribution start-up.
Indian payment network for teens raises $4.7m
A group of investors including Y Combinator, Sequoia Capital India and angel investors have contributed $4.7 million in funding to FamPay, a social network for Indian teenagers centered on a parent-supervised payment service.
UK strategic acquires China's VC-backed Yimian Data
UK-based enterprise IT services provider Ascential has acquired Yimian Data, a Chinese e-commerce analytics business backed by local VC firms ZhenFund and Legend Star.
CDH closes sixth China PE fund at $1.5b
CDH Investments has closed its sixth flagship US dollar-denominated fund with $1.5 billion in commitments. The initial target was $2.5 billion.
Fund focus: Quadria's health check
Having raised $595 million for its second healthcare fund, Singapore-headquartered Quadria Capital has a bulky war-chest for investments in fast-growing companies in India and Southeast Asia
Deal focus: UTEC positions Tricog for Japan expansion
University of Tokyo Edge Capital built an unusual bridge between the start-up worlds of Japan and India when backed Tricog's artificial intelligence-enabled healthcare solution
Meituan-Dianping invests $87m in China food supply chain player
Shenzhen-based agricultural products distributor Wangjiahuan has raised RMB600 million ($87 million) in Series B funding led by Meituan-Dianping. Existing backer Hidden Hill Capital - a PE firm established by warehouse operator GLP - also took part.
VCs back Chinese expense management start-up
Fenbeitong, an enterprise payment and expense management services provider based in Beijing, has raised $36 million in an extended Series B round led by Ribbit Capital, Eight Roads Ventures and Glade Brook Capital.
Korea's SK Telecom launches digital healthcare JV with local GP
Korea’s SK Telecom has spun out its digital healthcare development unit to form a joint venture (JV) with local private equity firm Newlake Alliance Management.
US GP Jaguar acquires China logistics player
US private equity investor Jaguar Growth Partners has launched its first Asia fund with the acquisition of Chinese logistics operator Brilliant.
Take-privates: Going large
Large GPs are screening public companies more carefully so they can get comfortable with elevated valuations for public-to-private deals. At what point does discomfort become the default option?
Coronavirus & fundraising: Caught in a bind
The coronavirus outbreak has implications for PE fundraising well beyond China. Many Asia-based managers are either unable to go and see LPs or LPs are not permitted to visit them
OrbiMed targets $750m for Asia healthcare fund
US-based healthcare investment firm OrbiMed has launched its fourth Asian private equity fund with a view to raising $750 million.
Japan's Jafco closes sixth flagship VC fund at $765m
Jafco, Japan’s largest venture capital investor, has confirmed a final close on its sixth flagship fund at the hard cap of JPY80 billion ($765 million).
Chinese restaurant robot supplier raises $28m Series B
Keenon Robotics, a Chinese manufacturer of robots for use indoors, has raised a RMB200 million ($28 million) in Series B funding led by Source Code Capital, Walden International and Shanghai Kechuang Fund, an investment arm of state-owned Shanghai International...
PEP's secure assets fund to buy Australia-listed Zenith Energy
Pacific Equity Partners (PEP) has agreed to acquire 100% of Australia-listed off-grid power company Zenith Energy in deal that values the company at A$250 million ($163 million).
Coronavirus in Asia: Ongoing analysis
Coronavirus concerns among GPs not solely focused on China vary based on their direct or indirect exposure to China, but gauging private equity responses to the crisis is like chasing a moving target
Coronavirus in China: Back from the brink
China GPs are trying to navigate the coronavirus uncertainty and help portfolio companies pick up the pieces, whether that means cutting costs or realizing new revenue streams
Deal focus: Linctex makes SaaS pay in China
Vision Plus Capital identified Linctex after conducting a deep dive into China's textile industry supply chain. It believes the company has the right model - and is in the right industry - to make software-as-a-service work
Fund focus: CMC widens its sweet spot
Having grown its assets under management to $2.5 billion following the close of Fund III, China's CMC Captial Group wants to be seen as more than just a media sector specialist
Fund focus: I-nest targets lifestyle technologies
Rather than addressing the healthcare opportunities created by Japan's changing demographic base, I-nest Capital is focusing on lifestyle and entertainment needs of an aging population
Deal focus: Vogo pursues transformation on two wheels
Vogo and Bounce are both scooter rental start-ups targeting the Indian market, but they are going about it in very different ways. Lightstone Aspada is backing the former's more inclusive approach
Northern Arc reaches first close on India debt fund
Northern Arc Investments, an India-focused private debt investor, has achieved a first close of $23 million on its Northern Arc India Impact Fund.