Regions
Alibaba, Temasek, Qiming pump $100m into China's TutorGroup
Alibaba Group, Temasek Holdings and existing backer Qiming Venture Partners have invested $100 million in a Series B round of funding for TutorGroup, a China-based online education service provider.
China travel site 17u raises $82m from Tencent, Boyu, Oriza
Chinese online travel agency 17u.cn has received a RMB500 million ($82 million) round of investment from Tencent Holdings, Boyu Capital and Oriza Holdings.
Quadrant exits Australia, New Zealand home equity release assets
Quadrant Private Equity has agreed to sell Seniors Money International’s (SMI) New Zealand and Australian home equity release mortgage businesses to New Zealand’s Heartland Bank for NZ$87 million ($72.8 million).
CIC confirms appointment of new president
China Investment Corp.(CIC) has confirmed that Executive Vice President Li Keping will succeed Gao Xiqing as vice chairman and president. Gao is leaving after reaching China's mandatory retirement age of 60.
JAIC, Nippon Venture lead Series D for Regimmune
Japan Asian Investment Corporation (JAIC) and Nippon Venture Capital have together led a $9.2 million Series D round of investment in Tokyo-based biotech firm Regimmune Corporation.
Sequoia leads $50m round for second-hand car platform Cheyipai
Sequoia Capital has led a $50 million round of funding for Cheyipai, a Chinese second-hand car trading platform. Existing backers Morningside Ventures, Matrix Partners and CITIC Capital also participated.
Japan's Digital Garage leads $10m round for Betaworks
Japanese incubator Digital Garage (DG) has invested $10 million in Betaworks, a New York-based early-stage tech investor. DG contributed $7.5 million to the round with the balance coming from a group of angel investors.
Vipshop buys majority stake in VC-backed China cosmetics site
Chinese online retailer Vipshop Holdings, a DCM and Sequoia Capital portfolio company that went public in the US in 2012, has agreed to buy a 75% stake in cosmetics and fashion products site Lefeng.com for approximately $132.5 million.
Xiaomi Ventures invests in Kingsoft gaming unit Westhouse
Xiaomi Ventures, a corporate VC unit of Chinese mobile phone maker Xiaomi, has invested $20 million in Westhouse Group, a game developer controlled by Kingsoft Corporation.
Ex-PEP executive to lead Social Ventures Australia
Rob Koczkar, formerly a managing director at Pacific Equity Partners (PEP), has been appointed CEO of Social Ventures Australia (SVA), a non-profit organization that makes strategic investments designed to generate education and employment opportunities...
India impact investments total $390m in 2013 - Unitus
Private equity impact investments in India totaled $390 million across 80 deals last year – comprising 23% of all PE transactions in the country - says Bangalore-based financial advisor Unitus Capital.
Fosun Venture leads Series B for Joyme
Fosun Venture Capital Investment, a venture arm of Fosun Group, has led a RMB130 million ($21 million) Series B round of funding for Joyme.com, a Beijing-based mobile game operator. BlueRun Ventures also participated.
Mingxin China Growth Fund backs liquid fuel cell specialist
Oorja Protonics, a California-based liquid fuel cell technology firm, has raised a Series E round of funding from Mingxin China Growth Fund, with participation of existing investor DAG Ventures.
IMM set to buy Hyundai Merchant Marine's LNG business
IMM Private Equity has been selected as the preferred bidder for Hyundai Merchant Marine’s (HMM) liquefied natural gas (LNG) business in a deal worth KRW1.1 trillion ($1 billion). The announcement comes a few weeks after fellow South Korean GP Hahn...
Accelerated Venture Partners opens in Hong Kong
Accelerated Venture Partners (AVP), a Silicon Valley-based private equity firm, has opened an office in Hong Kong to provide Asian companies with financing and help them go public in the US.
Japanese corporates, VCs back Indonesian e-commerce site
500 Startups and existing investors Gree Ventures have together invested in Bukalapak, an Indonesian e-commerce marketplace, alongside two Japanese strategic investors: price comparison site Aucfan.com and digital marketing firm IREP.
RRJ to invest $250m in Shanghai Bright Dairy JV
RRJ Capital plans to invest RMB1.5 billion ($250 million) for a 45% stake a dairy farming joint venture with Shanghai-listed Bright Dairy & Food, a subsidiary of Chinese conglomerate Bright Food Group.
Tiger Global picks up Alibaba stake for $199m
Tiger Global has agreed to acquire a minority stake in Alibaba Group from Chinese online game developer Giant Interactive Group for approximately $199.1 million. Giant originally invested $50 million in 2011 via limited partnerships managed by Yunfeng...
Tiantu Capital commits $8m to Qinghai dairy firm
China’s Tiantu Capital has committed RMB50 million ($8 million) to Qinghai Xiaoxiniu Biological Dairy Industry, a dairy products manufacturer, for an undisclosed stake.
China’s Sungy Mobile buys VC-backed app store Getjar
Sungy Mobile, a VC-backed Chinese app developer that went public on NASDAQ last year, has acquired GetJar, a US-based mobile ad network. GetJar previously raised three rounds of VC funding, two led by Accel Partners and the third led by Tiger Global.
JLL reaches final close on maiden India property fund
Segregated Funds Group (SFG), the private equity unit of Jones Lang LaSalle (JLL), has reached a INR1.6 billion ($27 million) final close on its maiden Indian real estate fund - short of its original INR3 billion target.
INCJ picks up stake in robotic hand maker
State-backed Innovation Network Corporation of Japan (INCJ) has acquired a 20% stake in Squse - a Kyoto-based company that makes robotic hands - for JPY500 million ($4.9 million). INCJ joins existing investors Amazon and Google.
Hony in talks to join Giant Interactive take-private - report
Hony Capital is said to be in advanced talks to join a consortium led by Baring Private Equity Asia that is supporting the $2.8 billion take-private deal for Chinese online game developer Giant Interactive.
Piramal, CPPIB form $500m realty finance fund
India's Piramal Enterprises is to form a $500 million realty debt fund with CPPIB Credit Investments,, a subsidiary of the Canada Pension Plan Investment Board (CPPIB).