Regions
China creates $6.5b VC fund to support start-ups
China has launched a government-guided venture capital fund worth RMB40 billion ($6.5 billion) to support start-ups in emerging industries.
Club Med board recommends Fosun consortium's renewed offer
The board of French vacation resort operator Club Méditerranée (Club Med) has recommended that shareholders accept the most recent takeover offer from a consortium led by China's Fosun International.
CIC's Olivia Ouyang joins OTPP
Ontario Teachers’ Pension Plan (OTPP) has hired Olivia Ouyang, formerly managing director and head of emerging markets at China Investment Corp. (CIC), as a Hong Kong-based director of funds and co-investments.
SoftBank leads $600m round for China taxi-booking app Kuaidi Dache
SoftBank Group has agreed to lead a $600 million round of investment for Travice, operator and developer of Chinese taxi-booking app Kuadi Dache, with participation from existing backers Alibaba Group and Tiger Global Management.
Alibaba buys majority stake in VC-backed AdChina
Alibaba Group has purchased a controlling stake in AdChina, a digital advertising technology firm that previously received funding from several VC investors.
Multiples makes partial exit from Cholamandalam Finance
Multiples Alternative Asset Management has made a INR1.9 billion partial exit from Indian non-banking financial company Cholamandalam Investment and Finance Company (CIF).
CDC commits $48m to India healthcare provider
UK development finance institution (DFI) CDC Group has invested $48 million in Indian multi-specialty healthcare provider Narayana Hrudayalaya Hospitals (NH) in return for a small minority stake.
Tiger Global invests in China P2P online lending site Dianrong
Tiger Global Management has invested an undisclosed sum in Dianrong.com, a Chinese VC-backed peer-to-peer (P2P) online lending service platform.
TA buys stake in India SaaS provider RateGain
TA Associates has taken a minority stake in RateGain, an India-based software-as-a-service (SaaS) provider that works with clients in the hospitality and travel sector.
Mobile app analytics firm App Annie raises $55m from VCs
App Annie, a mobile app analytics platform that was set up in Beijing but has since expanded globally, has raised a Series D round of funding worth $55 million, led by Institutional Venture Partners (IVP).
KKR's long-term India real estate solution
When KKR set up its first India-based non-banking financial company (NBFC) in 2009 to provide structured credit solutions to entrepreneurs, it was funded off the firm's own balance sheet. A few years on, it was reported that third-party investors were...
Investors back WeLab’s financial innovation
For Hong Kong-based financial technology start-up WeLab, setting up a peer-to-peer lending (P2P) platform was never the priority. Rather, the company wanted to develop and leverage its capabilities in the design of internet finance products and big data...
Profile: Multiples Alternative's Renuka Ramnath
Credited as one of the founders of Indian private equity, Renuka Ramnath built up ICICI Venture before going solo to repeat the act with Multiples Alternative Asset Management. She sees her work as far from over
Samurai Incubate targets Tel Aviv
When Prime Minister Shinzo Abe travels to Israel later this month it will be the first time a Japanese leader has visited the country since Junichiro Koizumi in 2006.
Yunfeng joins $1.6b deal for China drug maker Baiyunshan
Yunfeng Capital and other investors have agreed to invest up to RMB10 billion ($1.6 billion) in Chinese drug maker Guangzhou Baiyushan Pharmaceutical Holdings.
India's ChrysCapital makes $108m partial exit from ING Vysa
Indian GP ChrysCapital Partners has made a partial exit from ING Vysya Bank via an open market transaction, selling just over 80% of it holding for around INR6.7 billion ($108 million).
Women in China VC: Gender balance
Women are still underrepresented in a male-dominated VC industry, but China is notable for having a number of female executives in senior positions. How did they break through the glass ceiling?
L Capital Asia targets India e-commerce
L Capital Asia, a PE firm sponsored by French luxury goods conglomerate LVMH Group, could invest up to $150 million in India this year as it targets opportunities in the country's fast growing e-commerce sector.
VC-backed 51Talk acquires education counterpart 91Waijiao
51Talk.com, a Chinese online English-learning platform backed by several VC investors, has acquired industry peer 91Waijiao.com for an undisclosed sum.
Japan's GPIF: Situations vacant
Hiro Mizuno is an intriguing choice as the first CIO of Japan's Government Pension Investment Fund (GPIF). His qualifications are not about to be questioned here, but rather what his appointment means as the Japanese behemoth prepares to add helpings...
Cheetah Mobile plans fund to support Taiwan start-ups
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, plans to set up a NT$100 million ($3.1 million) fund to invest in Taiwan-based mobile internet start-ups.
Samurai Incubate launches Japan, Israel-focused fund
Japanese incubator and early-stage investor Samurai Incubate has launched a JPY1 billion ($8.3 million) fund with a new focus on Israeli start-ups.
Japanese 3D printing start-up raises $3.6m
A consortium of venture capital investors has committed JPY400 million ($3.6 million) to JMC, a Japanese casting and 3D printing services firm.
VIDEO: Advantage Partners' Richard Folsom
With an increasing number of Japanese companies looking to expand overseas, strategies to support these efforts feature more prominently in Advantage Partners' investment theses, according to Richard Folsom, the Tokyo-based GP's representative partner