Consumer
China's Meituan-Dianping raises $4b in new round
Meituan-Dianping, China's largest online-to-offline (O2O) local services platform, has raised $4 billion in a Series C round of funding led by existing investor Tencent Holdings.
Sinovation leads $40m Series B for China's Hua Juan
Sinovation Ventures has led a $40 million Series B round for Chinese e-commerce and online video platform Hua Juan.
Growth Fund completes exit from Australian motorcycle dealership
The Growth Fund has sold the remainder of its stake in Australian motorcycle dealership operator MotorCycle Holdings – which it took public last year – for approximately A$18.5 million ($14.5 million).
Legend, Joy Capital lead $60m for China's Vingoo Juice
Vingoo Juice, a Shanghai-based start-up that develops fresh orange juice vending machines, has raised a RMB400 million ($60 million) Series B round jointly led by Legend Capital and Joy Capital. Yunqi Capital also took part.
IMM to buy Korean fashion e-commerce business
IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.
Hony backs Italian fashion brand Mr & Mrs Italy
China-focused GP Hony Capital has agreed to acquire a 30% interest in Duemmei, owner of Italian fashion brand Mr & Mrs Italy.
Affinity to buy Burger King Japan
Affinity Equity Partners, which already owns Burger King in South Korea, has assumed control of the fast food chain’s master franchise for Japan.
Square Peg leads $13m round for Singapore's Chope
Australia’s Square Peg Capital has led a S$18 million ($13.3 million) funding round for Singapore-based restaurant app operator Chope.
Hillhouse leads $46m round for China O2O fitness platform
Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
Ex-Headland partner joins China growth investor CRE Alliance
William Shen, formerly head of Greater China at Headland Capital Partners, has become CEO of CRE Alliance, a private equity joint venture between China Resources Enterprise (CRE) and Great Wall Asset Management.
TPG exits Myanmar Distillery
TPG Capital has sold its stake in Myanmar Distillery Company (MDC), the producer of Grand Royal Whisky, as a Thailand-based strategic acquired a majority interest in the business.
Ola confirms Tencent investment, targets $2b round
China's Tencent Holdings has led a $1.1 billion investment in Indian ride-hailing app developer Ola. The company is in talks with other investors to raise a further $1 billion as an extension of this funding round.
China’s Heilan Home to acquire stake in Lunar-owned Yeehoo
Shanghai-listed clothing company Heilan Home has agreed to acquire a 44% stake in China babywear company Yeehoo Apparel, which is controlled by Lunar Capital, for RMB660 million ($99.6 million).
Philippines confidence endures political strife – AVCJ Forum
The Philippines was praised for its political stability as investor wariness around President Rodrigo Duterte’s crackdown on drugs became a recurring talking point at the AVCJ Philippines Forum.
China electronics recycling platform raises $46m
Huishoubao, a Chinese online recycling platform for electronic devices, has raised a RMB300 million ($46 million) Series B round led by Asia-focused private equity firm Strait Capital Investment Group.
All-Stars, Ctrip lead $300m round for China’s Tujia
Existing investors All-Stars Investment and Ctrip have jointly led a $300 million Series E round of funding for China’s Tujia, valuing the online accommodation-booking platform at over $1.5 billion.
Australia's Airtasker receives $25.7m Series C
Airtasker, an Australian peer-to-peer jobs and services marketplace operator, has raised a A$33 million ($25.7 million) funding round led by Skyfield Capital.
Singapore's Sea to raise up to $800m in US IPO
Singapore-headquartered mobile internet and gaming platform Sea aims to raise up to $800 million in its upcoming IPO on the New York Stock Exchange.
India car-sharing platform Drivezy gets $10m round
Indian car, motorcycle and bicycle rental company Drivezy has received a $10 million funding round from a group of investors including Das Capital, Axan Ventures, CrowdWorks and IT-Farm.
VCs in $6.5m round for Japan’s LaFabric
Globis Capital Partners has joined a group of venture capital firms in a JPY740 million ($6.5 million) funding round for Lifestyle Design, the Japanese operator of men’s custom-made fashion marketplace LaFabric.
Abraaj invests in Pakistani cinema chain
The Abraaj Group has invested an undisclosed sum in Cinepax, with a view to helping the Pakistan-based cinema operator more than triple in size over the next four years.
Japan education: School run
PE and VC investors are increasingly active across the breadth of Japan’s education sector, armed with an evolving set of targeting criteria and growth strategies intended to exploit sweeping social changes
Deal focus: Yao Capital bets big on sports training
A start-up aiming to improve Chinese children's access to sports training receives the backing of sport-focused GP Yao Capital
Permira to complete exit from Japan's Sushiro with 2.9x return
Permira will realize a gross multiple of 2.9x on its investment in Sushiro Global Holdings – the sushi restaurant chain it took public in Tokyo earlier this year – having agreed to sell its remaining stake to the parent company of Genki Sushi.