Hong Kong’s Animoca Brands, a blockchain-based games developer diversifying into non-fungible tokens (NFTs), has raised $88.9 million from a group of VCs at a valuation of $1 billion.
James Murdoch, son of media tycoon Rupert Murdoch, has launched a special purpose acquisition company (SPAC) that will pursue deals in Southeast and South Asia, with a particular focus on India.
Radish, a Korea and US-based mobile fiction platform, will be acquired by a unit of Kakao Corporation for $440 million. Its backers include SoftBank Ventures Asia and Kakao.
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
Indian education technology provider Teachmint has raised a $16.5 million Series A round led by US-based specialist investor Learn Capital.
CVC Capital Partners and Caisse de dépôt et placement du Québec (CDPQ) have agreed to acquire a majority stake in the international business of China-based advertising and marketing agency BlueFocus Group at a valuation of $350 million.
Singapore’s Cityneon has seen a robust rebound in its live events business, driven primarily by China. The company now has $177 million in new funding and deals covering everything from ancient Egypt to Avatar
SoftBank Ventures Asia has led a $28 million Series B round for Aplikasi Super, which claims to be Indonesia’s first and leading social commerce platform.
Chinese digital marketing player Mobvista has acquired VC-backed local counterpart Reyun in a cash-and-stock transaction worth RMB1.5 billion ($232 million).
Pavilion Capital has joined a S$235 million ($177 million) round for Singapore’s Cityneon, a company that markets entertainment brands by staging elaborate events, displays, and exhibitions.
Chinese video-streaming platform Bilbili has won the hearts, minds, and wallets of users amid an intensifying content-based battle. Loyal Valley Capital picked an opportune time to make a partial exit
The imminent US listing of a Middle East and North Africa (MENA) media app via a special purpose acquisition company (SPAC) is helping legitimize the region for Asian private equity.
Gupshup, an India-based messaging services provider that helps corporate customers execute marketing strategies, has raised $100 million in funding at a valuation of $1.4 billion.
Tiger Global Management has led a $502 million Series E round for ShareChat, which claims to be India’s largest social media platform, at a valuation of $2.1 billion.
Australian graphic design platform Canva has more than doubled its valuation to $15 billion with a new $71 million growth round. It was valued at $3.2 billion 18 months ago.
SoftBank Vision Fund 2 has led a $300 million round for Meesho, India’s leading social e-commerce start-up, at a valuation of $2.1 billion.
Chinese question-and-answer platform Zhihu endured a difficult New York Stock Exchange debut, closing at a 10.5% discount to its IPO price on a day when US-listed Chinese stocks fluctuated wildly.
Index Ventures and Coatue Management have led a $45 million Series B round for Australia-based social media services platform Linktree.
Dream Sports, operator of India’s largest fantasy sports platform, has raised $400 million in funding led by TCV, D1 Capital Partners and Falcon Edge Capital. The post-deal valuation is nearly $5 billion.
Tezign, a Chinese start-up that serves as a content-focused one-stop marketing solutions platform, has closed a second tranche of Series C funding that takes the overall total for the round to $100 million.
Rugby Australia will consider private equity investment proposals, following in the footsteps of commercial rugby union organizations in the UK and New Zealand that need cash to alleviate financial stress arising from COVID-19.
US-based Platinum Equity has exited its control position in Sensis, best known as the operator of Australia’s White Pages and Yellow Pages directories, in a deal worth $200 million.
Appier, a Taiwan-based advertising technology provider, has filed for a JPY26.4 billion ($250 million) Japan IPO. It sets up exits for several VC investors, including Sequoia Capital.
A consortium led by Primavera Capital has agreed to acquire a controlling position in Chinese recruitment website Zhaopin at an implied valuation of A$2.2 billion ($1.7 billion).