Regions
China online fabrics trader Baibu raises $100m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $100 million in a second tranche of Series C funding led by Tiger Global Management.
China car group buying platform raises $20m in US IPO
Tuanche, a VC-backed Chinese online auto services platform that specializes in group buying, raised $20.3 million in its US IPO after pricing its shares towards the low end of the indicative range.
Chinese electric car maker LeapMotor raises $288m
Hangzhou-based electric car maker LeapMotor has raised RMB2 billion ($288 million) in a Series A round of funding led by Shanghai Electric - a Hong Kong-listed Chinese power generation and electrical equipment manufacturer.
Hillhouse leads round for Chinese B2B finance platform
Yunzhangfang, a Chinese corporate tax and financial management software-as-a-service (SaaS) provider, has raised RMB300 million ($43.2 million) in a Series C round led by Hillhouse Capital.
China's Geek+ closes Series B round at $150m
Geek+, a Chinese manufacturer of robots for use in logistics and warehousing, has closed its Series B round with $150 million in commitments. It is claimed to be the largest financing globally in the logistics robotics space and it takes Geek+’s valuation...
SCPE buys controlling stake in Korean meat importer
Standard Chartered Private Equity (SCPE) has acquired a controlling interest in Sunwoo, a South Korea-based meat importer, for $90.1 million.
Family offices: Character actors
Family offices are driven by personalities and ideals that cannot be understood as part of an industry pattern. Relationship building is therefore more intimate than transactional
Deal focus: Investors bring new lift to Rocket Lab
Rocket Lab's latest funding round is aimed at helping the New Zealand-founded company grow into new markets and target new business opportunities
Chinese commercial rocket launch player raises $43m
Chinese commercial space launch start-up LandSpace has secured RMB300 million ($43 million) in an extended Series B round led by China Growth Capital.
Deal focus: L Catterton enters Japan with Owndays
In its debut Japan investment, L Catterton plans to help eyewear maker Owndays expand its customer-friendly business model outside its home market
LP interview: Sweden's AP2
Swedish pension fund AP2 could be about to see a significant jump in its private equity allocation. Head of alternatives Anders Strömblad outlines what the organization looks for in prospective portfolio GPs
Coatue leads $70m round for China, US-based Agora
Agora.io, a real-time voice and video communication platform established by Tony Zhao, formerly CTO of Chinese social networking player YY.com, has received $70 million in Series C funding led by Coatue Management.
Vision Fund invests $2b in Korea’s Coupang
SoftBank Vision Fund has committed $2 billion to South Korean e-commerce business Coupang, reportedly valuing the company at $9 billion.
500 Startups closes Vietnam fund at $14m
500 Startups has closed its Vietnam-focused early-stage VC fund at $14 million, beating a target of $10 million.
China tech IPOs: Battle of the bourses
China has rolled out another proposal for a start-up friendly listing regime in Shanghai, this time with presidential imprimatur. PE investors are skeptical as to how quickly it could challenge Hong Kong
CITIC Capital buys control of cooking sauce brand Amoy
CITIC Capital has acquired a controlling stake in Amoy Food, a Hong Kong-based manufacturer of cooking sauces owned by Japanese food and beverage maker Ajinomoto, for an undisclosed sum.
GGV leads $108m round for Chinese e-commerce platform
Chinese community e-commerce platform Xiaoqule has raised $108 million in a Series A round of funding led by GGV Capital and Vertex Ventures.
Blackbird joins $7m round for New Zealand's Sunfed
Blackbird Ventures has joined a NZ$10 million ($7 million) funding round for Sunfed Meats, a New Zealand-based company that specializes in meat-like vegetarian foodstuffs.
Chinese financial education business receives $115m Series C
Golden Education, which claims to be China’s largest professional financial education provider, has received RMB800 million ($115 million) in Series C funding led by Hillhouse Capital and Morgan Stanley.
HarbourVest backs secondary restructuring of Capital Today investment
HarbourVest Partners has led a secondary transaction worth approximately $420 million that enabled Capital Today China Group to take out an investment from its first fund – Yifeng Pharmacy – and roll it into a new vehicle as a means of extending the...
Chinese GP buys Germany's Cordenka for $274m
BMC Europe Fund I, a PE vehicle launched earlier this year with support from Shanghai International Group (SIG), has completed its first investment with the acquisition of German industrial textiles manufacturer Cordenka for EUR240 million ($274 million).
China's ICBC sets up $200m India venture fund
Industrial & Commercial Bank of China (ICBC) has launched a $200 million fund to invest in Indian start-ups and micro, small, and medium-sized enterprises (MSMEs).
SparkLabs launches $10m Taiwan fund, recruits NBA star
SparkLabs Group, a pan-Asian network of accelerators and global venture funds, has launched a $10 million fund in Taiwan and appointed NBA star Jeremy Lin (pictured) as an advisor.
China's Alphamab gets $100m Series A
China’s Alphamab Oncology has completed a $100 million Series A funding round from a group of investors including PAG Growth Capital, Advantech Capital, and OrbiMed.