Regions
Brookfield to acquire SunEdison's yieldco platforms
Canada's Brookfield Asset Management has agreed to buy two energy platforms operated by US-based renewable energy producer SunEdison, including one with over half its total capacity in Asia.
Southeast Asia video streaming service Iflix gets $90m
Iflix, a primarily Southeast Asia-focused video streaming service that follows a similar business model to Netflix, has raised $90 million in Series B funding led by Liberty Global and Kuwaiti telecom company Zain Group.
Matrix leads $15m Series C for China’s Easemob
Matrix Partners China has led a RMB103 million ($15 million) Series C round of funding for Easemob, a Chinese start-up that provides instant-messaging services to mobile app developers.
VC-backed Fave buys Groupon Singapore
Malaysian VC-backed online-to-offline (O2O) e-commerce company Fave has agreed to acquire Groupon Singapore, extending a string of related bolt-ons in Southeast Asia.
CPPIB, CDPQ pay $337m for stake in India's Kotak
Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ) have paid INR23 billion ($337 million) for a 1.5% stake in India’s Kotak Mahindra Bank.
Japanese accelerator launches $17.5m hardware fund
Darma Tech Labs, operator of Japanese hardware-focused accelerator Makers Boot Camp, plans to launch a JPY2 billion ($17.5 million) venture capital fund, with Kyoto Bank serving as the anchor LP.
China NPLs: Great expectations
Foreign private equity firms are positioning themselves to address an anticipated surge in non-performing loan sales to third-party investors. Will the reality match the hype?
Australia's Uniseed secures $15m for VC fund
Uniseed, a venture fund manager associated with the Australian government’s CSIRO research unit and a number of domestic universities, has secured A$20 million ($15.2 million) in fresh commitments for a new follow-on fund.
Q&A: GGV Capital's Jenny Lee
Jenny Lee, managing partner at Sino-US VC firm GGV Capital, discusses supporting start-ups from early through later-stage rounds, and why technology players increasingly need to think internationally
China cloud computing: Billowing forth
China’s nascent cloud computing industry appears set to replicate a US-style growth trajectory. Venture investment, however, may play a larger role due to a range of cultural and economic differences
China outbound M&A: Time will tell
Restrictions on outbound investment have China’s investor community scrambling to adapt, but devising a proper response depends on future decisions from notoriously opaque regulatory agencies
China VC spin-outs: Daddy issues
Several managers in the latest generation of China VC spin-outs retain close ties to their former corporate parents. These relationships can deliver great deal flow, but also governance headaches
Australia's QIC closes global infrastructure fund at $1.8b
QIC, an investment manager controlled by the Queensland state government, has closed its global infrastructure fund at the hard cap of A$2.3 billion ($1.8 billion), beating the A$1.7 billion target.
India's Pi Ventures reaches $13m first close on AI fund
Indian early-stage VC investor Pi Ventures has reached a first close of $13 million on its debut artificial intelligence (AI)-focused fund.
Ping An leads Series C for Singapore’s Bigo Live
Bigo Live, a Singapore-based social video streaming app, has raised a Series C round of funding from a Hong Kong-based investment arm of Ping An Insurance Group.
Reliance Capital exits Paytm stake to Alibaba for $41m
Reliance Capital has exited part of its stake in Indian e-commerce and mobile payments start-up Paytm to China's Alibaba Group for INR2.8 billion ($41.3 million).
Actis raises $2.75b for emerging markets energy fund
Actis Capital has closed its fourth emerging markets energy fund at the hard cap of $2.75 billion, after just seven months in the market. It will invest in Asia, Africa and Latin America.
EDBI, Philips launch Singapore health tech investment platform
Singapore’s EDBI and Philips have formally launched an Asia-focused investment platform that targets companies in digital healthcare services.
Chengwei leads Series B round for China messaging service provider
Chengwei Capital has led a Series B round of funding for Xin Xi Bao, a Chinese text messaging software developer.
IDG, Axilor launch India early-stage fund
IDG Ventures India has partnered with Axilor Ventures for a program that will discover and fund disruptive technology start-ups in the country.
VIDEO: Milton Chou, GE Ventures
Milton Chou, China growth leader and senior director at GE Ventures, discusses the role of a captive VC firm
Industry players warn of conflicts in evolving GP-LP relationship - AVCJ Forum
Institutional investors globally are looking to reduce the number of GPs in their portfolios with a view to writing bigger checks for – and having deeper relationships with – a smaller number of managers, but this lack of diversification in the LP...
Khazanah-backed fund part exits India's Apollo Hospitals for $160m
Integrated Healthcare Holdings (IHH), which is majority-owned by Malaysian sovereign wealth fund Khazanah Nasional, has sold part of its stake in India's Apollo Hospitals for INR10.7 billion ($160 million).
China chauffeured car service Ucar raises $668m
Chinese chauffeured car service provider Ucar, which is backed by Warburg Pincus and Yunfeng Capital, has raised RMB4.6 billion ($668 million) through a private placement on the National Equities Exchange and Quotation (NEEQ).