Consumer
Pakistan ride hailing and courier app secures Series A
Bykea, a Pakistan-based online platform for on-demand transport and logistics, has raised a $5.7 million Series A round led by Sarmayacar, a European venture capital investor focused exclusively on Pakistan.
China’s Green Harbor acquires fashion label Jason Wu
China-based private equity firm Green Harbor Investment has acquired a controlling stake in American women’s wear brand Jason Wu for an undisclosed sum.
Deal focus: Gaosi Education stresses its B2B credentials
As China's mainstream online tuition players battle for the hearts, minds and wallets of end users, Gaosi Education found a niche targeting the B2B market. It recently raised $140 million to accelerate expansion
PE-backed Chinese cosmetic surgery platform surges on US debut
So-Young International, a Chinese online marketplace specializing in cosmetic surgery, surged over 33% on its trading debut following a $166.8 million IPO on NASDAQ.
Deal focus: Blackstone takes over EPL’s packaging empire
The Blackstone Group has agreed to buy an Indian packaging manufacturer that provides tubes for 40% of the world's toothpaste. The goal is to turn it into a true multinational
Cancer drug developer Tot Biopharm files for HK IPO
Tot Biopharm, a private equity-backed Chinese cancer drug developer, has filed for a Hong Kong IPO under rules that allow for listings by pre-revenue biotech companies.
Chinese online drug store Yao123 raises $45m Series B
Healthcare-focused GTJA Investment Group has led a RMB300 million ($45 million) Series B round for Chinese online pharmacy operator Yao123.
Australian online tutoring start-up gets $14m Series A
Cluey Learning, an Australian start-up that provides personalized online tuition services for elementary through high school students, has raised A$20 million ($14 million) in Series A funding from Allectus Capital and Thorney Investment Group.
Naspers exits India's MakeMyTrip to Ctrip
South African internet conglomerate Naspers Group has agreed to exit its holding in MakeMyTrip, a US-listed Indian online travel agency, to Chinese travel services firm Ctrip.
CITIC Capital completes China cosmetics carve-out
CITIC Capital has acquired Hangzhou UCO Cosmetics, a digital marketing and e-commerce services provider specializing in beauty and personal care, from Shenzhen-listed Qingdao KingKing Applied Chemistry for RMB1.4 billion ($208 million).
Dymon supports take-private of Malaysia’s Yee Lee
Dymon Asia Private Equity (DAPE) has backed a MYR186 million ($44.9 million) privatization bid for Yee Lee Group, a Malaysia-listed conglomerate with interests in food and agriculture, hospitality, logistics, and packaging.
Magic Leap gets $280m from Docomo, targets Japan expansion
Magic Leap, a US virtual reality (VR) and augmented reality (AR) goggles maker backed by several private equity firms, has secured $280 million for a Japanese expansion from NTT Docomo.
Affinity-backed Leong Hup seeks up to $288m in Malaysia IPO
Affinity Equity Partners is set to make a partial exit from Leong Hup International as the Malaysian poultry producer looks to raise up to MYR1.19 billion ($288 million) in a domestic IPO.
Primavera backs Chinese maths-focused education platform
Primavera Capital Group has led a RMB300 million ($45 million) Series D round for online mathematics education platform Yangcong 345, with participation from Beijing Kunlun Technology and existing backer Legend Capital.
Unilever Ventures backs Australia skincare brand
Unilever Ventures, the VC arm of consumer goods giant Unilever, has provided an early-stage round of undisclosed size to Australian skincare brand Dr Roebuck’s.
Tencent-backed O2O healthcare platform raises $250m
Trusted Doctors, a China-based online-to-offline (O2O) healthcare provider has raised a $250 million round led by Tencent Holdings, Gaw Capital Partners, and the VC arm of local property developer Country Garden.
Sequoia backs $35.5m round for India gaming player
Mobile Premier League (MPL), an Indian e-sports gaming platform operator, has raised a $35.5 million Series A round from a group of investors including Sequoia Capital India.
Tencent leads Series C in app for Chinese senior citizens
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.
Chinese car trading platform Yiauto raises $22m
China-based Yiauto, a car trading service provider that targets customers living in lower-tier cities, has raised RMB150 million ($22 million) across two tranches of a Series A round.
Indonesia’s HappyFresh gets $20m Series C
Indonesia-based online grocery delivery platform HappyFresh has raised a $20 million Series C round led by Mirae Asset Capital and South Korean internet conglomerate Naver.
PE-backed Luckin Coffee files for US IPO
Luckin Coffee, China’s second largest coffee shop chain, which counts Centurium Capital and Joy Capital among its private equity investors, has filed to list in the US.
Warburg Pincus leads Series D for China's Gaosi Education
Gaosi Education, which provides tutoring services to schools and other educational institutions in China, has raised $140 million in Series D funding led by Warburg Pincus.
TPG backs European jewelry brand with strong China focus
A TPG Capital-led consortium will acquire a 30% stake in APM Monaco, a jewelry brand that was established in Europe nearly 40 years ago and now has its largest retail footprint in China.
Malaysia's RHL Ventures launches SME fund
RHL Ventures has launched a MYR100 million ($24.2 million) fund focused on small to medium-sized enterprises (SME) with a cornerstone investment from government-owned SME Corp Malaysia.