Regions
Hony co-leads $700m round for US-based STX
Hony Capital has co-led a $700 million funding round for US film and TV studio STX Entertainment along with TPG Growth, the mid-market investment platform of TPG Capital.
China distress: Dining on defaults
GPs expect a wave of non-performing loan sales in China as the slowing economy leaves banks with more bad debts to resolve, but could the distress investment opportunity be even broader than they envisage?
Korean cloud services provider gets $45m
MegazoneCloud, a Korean IT services provider that helps companies incorporate cloud-based systems, has raised $45 million from a group of domestic investors, including the National Pension Service (NPS).
HSBC, Singtel join $25m round for Singapore's CXA
Singapore-based digital health start-up CXA Group has raised $25 million in funding from a string of strategic backers, including HSBC and the Asia investment arms of Singtel and Sumitomo Corporation.
Chinese O2O retailer raises $59m from Alibaba-backed fund
KK Guan, a China-based online-to-offline (O2O) retailer that mainly sells imported goods, has received RMB400 million ($59 million) in Series C funding led by the Electronic World Trade Platform (eWTP) Ecosystem Fund, which is backed by Alibaba Group...
Q&A: CITIC Capital's Eric Xin
Eric Xin, a managing director with CITIC Capital, discusses the causes of China’s recent economic woes, the potential for services sector reform, and why corporate carve-outs are still flavor of the month
UK-based CD Capital acquires Australia's Verdant Minerals
CD Capital, a natural resources and mining-focused private equity firm based in the UK, has agreed to acquire Australian mining operation Verdant Minerals in a deal that values the company at A$40.5 million ($28.6 million).
Chinese pet e-commerce player gets $30m Series B
Mollybox, a subscription-based pet e-commerce company based in China, has raised a $13 million Series B round led by DCM Ventures and Digitalis Ventures.
Advantech, CMBI lead Series C for China's InventisBio
Advantech Capital and CMB International, an investment unit of China Merchants Bank, have led a $70 million Series C funding round for InventisBio, a Chinese clinical stage biotech company.
CDPQ leads $150m round for China's Mofang Apartment
Mofang Apartment, a Chinese serviced apartment developer backed by Warburg Pincus, has raised a $150 million Series D round led by Caisse de dépôt et placement du Québec (CDPQ).
Chinese AI-driven search engine Tigerobo raises $33m
Tigerobo, an artificial intelligence-driven financial information search engine, has raised $33 million in Series A funding from PAC, CreditEase New Finance Industry Fund and existing investor Gaorong Capital.
Omidyar spins out fintech arm as Flourish Ventures
Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
Baidu Capital leads $466m Series C for China’s WM Motor
WM Motor Technology, a Chinese electric vehicle manufacturer, has raised RMB3 billion ($466 million) in a Series C round of funding led by existing investor Baidu Capital.
Australian LPs struggle to recruit PE talent - AVCJ Forum
Recruitment is the biggest challenge for Australian institutional investors as they look to deepen their participation in private equity, senior executives told the AVCJ Australia & New Zealand Forum.
Bain raises tender offer price for Japan's Kosaido
Bain Capital Private Equity has sweetened a tender offer initiated in January for Japan-listed printing and IT services provider Kosaido. The revised bid values the company at about JPY17.4 billion ($157 million).
Southeast Asia tech: Strategic incursions
Strategic investors are jockeying for position in Southeast Asia's blossoming technology space, hoping to gain a foothold with local start-ups before the market reaches a saturation point
GIC to invest $713m in India's Bharti Airtel
Singapore’s GIC Private has agreed to invest INR50 billion ($713 million) in India-based telecommunications provider Bharti Airtel.
China’s MSA reaches $200m first close on second VC fund
MagicStone Alternative Investments (MSA) has reached a first close of $200 million on its second venture capital fund, which will focus on technology companies in China.
VC-backed internet celebrity incubator files for US listing
Ruhan, an internet celebrity incubator backed by Legend Capital that is said to be the largest business of its kind by revenue in China, has filed to list on NASDAQ.
Quona leads $12.8m round for India's SMEcorner
Quona Capital has led a INR900 million ($12.8 million) investment in Indian microlending platform operator SMECorner.
LPs question fees on long-dated PE funds – AVCJ Forum
Funds that are structured to hold assets for extended periods make sense – given the increasing number of companies that want to delay going public or avoid it altogether – but fees remain an issue, institutional investors told the AVCJ Australia...
Deal focus: 90 Seconds simplifies complex video variables
Singapore-based 90 Seconds raises $20 million to expand its online video production networking marketplace
Deal focus: Google offers AI expertise to Elsa
Google brings technological expertise as well as financial backing to its investment in Vietnam-based English education provider Elsa
