Regions
Chinese mobile security player Zhizhangyi raises $29m
Zhizhangyi, a Chinese mobile security solutions provider, has raised RMB200 million ($29 million) in Series B funding led by Gaocheng Capital, a growth investment firm established by Jing Hong, formerly a partner at Hillhouse Capital.
Deal focus: A repeat prescription for Korean shipping
Hahn & Company has secured a $3.7 billion corporate restructuring of SK Shipping with a view to implementing the same operational improvements that have proved successful with H-Line
GGV raises $1.9b to back China, US start-ups
GGV Capital has closed its latest fund – primarily for deployment in China and the US – with $1.88 billion in commitments. The venture capital firm raised $1.2 billion for its previous vehicle in 2016.
China PE incentives: End of the party
The once commonplace incentives used by local governments in China to attract PE fund managers are now largely extinct. New GPs struggle even to register in a city, let alone get paid for doing so
Source Code re-ups in Chinese computer rental start-up
Edianzu, a Chinese start-up that rents out computers and other office equipment to corporate customers, has raised $60 million in Series D funding led by existing investor Source Code Capital.
Fund focus: New name, new era for IDG in India
IDG Ventures India has rebranded as Chiratae Ventures, marking the end of its association with IDG and underlining its commitment to the local start-up community
Asia fintech: Follow the leader
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
Bain seeks $3.5b for fourth Asia fund
Bain Capital Private Equity has set a target of $3.5 billion for its fourth Asia fund and is expected to complete a first and final close in December.
Australia's Quintet invests in local recruitment business
Quintet Partners, an Australian investment firm established by a former Citigroup banker, has acquired a significant stake in Talent, a locally based staffing and recruiting company focused on the IT sector.
GIC leads $220m Series C for China supply chain finance player
Chinese supply chain finance provider Linklogis has raised $220 million in a Series C round of funding led by GIC Private.
Gobi launches $10m Indonesia early-stage fund
China and Southeast Asia-focused VC firm Gobi Partners has launched a $10 million fund aimed at early stage investments in Indonesia.
CLSA makes Japan staffing bolt-ons
Outsourcing Investments (OSI), a Japanese business process outsourcing (BPO) firm owned by CLSA Capital Partners (CLSA CP), has acquired two domestic staffing service providers through bolt-on transactions.
Indonesia's Kejora targets $100m for growth fund
Indonesian venture capital firm Kejora Ventures is seeking $100 million for a growth fund that will participate in Series B and C rounds for local start-ups. Initial commitments have come from several Korean investors, reflecting the country’s strong...
UK-based Social Finance to raise $2b for India impact investing
Social Finance, a globally focused impact investor based in the UK, plans to raise $2 billion for investments in India across two vehicles focused on education and local micro, small and medium-sized enterprises (MSMEs).
Ant Financial re-ups in India's Zomato
Indian restaurant discovery and food delivery platform Zomato has raised $210 million from existing investor Ant Financial, the financial services affiliate of China’s Alibaba Group.
Carlyle, Chinese strategic buy stake in clinical labs player Adicon
The Carlyle Group and Chinese healthcare services provider Meinian Onehealth have together invested in Adicon Holding, a local independent clinical laboratory (ICL) provider. Carlyle is now the company's single largest shareholder.
IDG Ventures India rebrands as Chiratae Ventures
IDG Ventures India has changed its name to Chiratae Ventures to emphasize the firm’s identity as a backer of high-growth Indian start-ups with potential for global expansion.
L Catterton makes partial exit from China mall operator Sasseur
L Catterton Asia has made a partial exit from Chinese mall operator Sasseur citing ongoing efforts to optimize its portfolio.
Chinese probe uncovers irregularities in one-third of local GPs
Nearly one-third of domestic private equity firms inspected by China’s securities watchdog in the first half of this year were found to have irregularities, prompting the regulator to reaffirm its intent to further step up scrutiny of the industry.
Morningside secures $1b for China venture fund
Morningside Venture Capital, a China-focused early-stage VC firm, has raised approximately $1 billion for its latest US dollar-denominated fund. It represents a considerable step up in size from the GP’s previous vehicle, which closed at $660 million...
Chinese corporate-PE partnerships: Meeting of minds
Collaborative deals between private equity firms and Chinese strategic players reflects the more diverse range of corporates seeking outbound deals - and also a recognition among GPs that they need help growing newly-acquired assets in China
Shunwei backs Chinese quick-service hair salon operator
Xingkeduo, a Chinese hair salon operator that specializes in fast-turnaround services, has raised RMB100 million ($14.5 million) in a Series B round of funding led by Shunwei Capital, China International Capital Corp, Hongdao Capital and Future Capital.
Advent invests in India's Manjushree Technopack, Kedaara exits
Advent International has made an investment of undisclosed size in Indian packaging industry supplier Manjushree Technopack. It facilitates an exit for Kedaara Capital.
CLSA launches early-stage fintech unit
Hong Kong’s CLSA has launched an investment unit called AlphaLabs that will back early-stage financial technology companies in Asia.