Media
South Korea's MyMusicTaste gets $11m Series C
KTB Network has led an $11 million Series C funding round for MyMusicTaste, a Korean crowdsourcing platform operator focused on organizing fan-requested concerts.
Yunfeng, Xiaomi lead $40m round for China’s Jinying
Yunfeng Capital and Chinese smart-phone maker Xiaomi have jointly led a $40 million Series B round for Beijing Jinying Technology, a China-based online content publisher. Fosun International and SIG Asia also participated.
PE-backed China Literature raises $1.1b in HK IPO
China Literature, a PE-backed online reading unit being spun out by Tencent Holdings, has raised HK$8.3 billion ($1.1 billion) in a Hong Kong IPO.
Japan's ADK faces lawsuit following Bain tender offer
Bain Capital Private Equity’s buyout offer for Japan-listed advertising agency Asatsu-DK (ADK) has prompted legal action by WPP Group, the company’s largest shareholder.
India's UFO, Qube to merge, ICICI to invest
UFO Moviez, an Indian digital broadcaster with several PE backers, will merge with domestic peer Qube Cinema Technologies, with support from ICICI Venture.
PE-backed China online marketing player files for US IPO
China-based online digital marketing business iClick Interactive Asia, which is backed by Bertelsmann Asia Investments (BAI) and SSG Capital Partners, has filed for an IPO in the US.
Deal focus: Hua Juan leverages celebrity selling power
China's Hua Juan plans to use a new investment led by Sinovation Ventures to grow its personality-based online advertising model
PE-backed NZ cricket platform goes into receivership
CricHQ, a cricket-focused online platform based in New Zealand and backed by Singapore-based Tembusu Partners, has been placed in receivership.
ADK management offers support to Bain buyout bid
Japan-based advertising agency Asatsu-DK (ADK) has expressed its support for Bain Capital Private Equity’s proposed JPY151 billion ($1.3 billion) buyout, against opposition from its largest shareholder, WPP Group.
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's Zee entertainment to buy PE-backed 9X Media
Zee Entertainment Enterprises, a media and entertainment company based in India, has agreed to acquire 9X Media, an Indian media firm backed by New Silk Route Partners (NSR).
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.
Bain launches $1.3b tender offer for Japanese ad agency
Bain Capital Private Equity has launched a tender offer for Japan-based advertising agency Asatsu-DK (ADK) that values the company at JPY151 billion ($1.3 billion).
China online radio platform raises $150m
Qingting FM, a Chinese online radio platform, has raised a RMB1 billion ($150 million) round of funding jointly led by We Capital – the VC arm of Chinese ticket booking site Beijing Weiying Times Technology – and Baidu.
CBC, Ocean Link lead $40m round for China’s Yitiao
China Broadband Capital (CBC) and Ocean Link – a travel and tourism-focused PE firm – have jointly led a $40 million Series C round for Yitiao, a Chinese online platform that offers lifestyle video content and retail services.
India's HomeShop18 to buy Providence-backed Shop CJ
Shop CJ Network, an Indian home-shopping channel in which Providence Equity Partners holds a 50% interest, will be acquired by industry peer HomeShop18.
Singapore’s Sea files for US IPO
Sea, the Singapore-headquartered mobile internet and gaming platform formerly known as Garena, has filed to list on the New York Stock Exchange.
Hony, Poly Capital to open VR cinemas with China's Digital Domain
China-focused private equity firms Hony Capital and Poly Capital have partnered with Digital Domain Holdings, a Hong Kong-listed digital visual effects and virtual reality (VR) technology developer, to establish a joint venture that will open VR theaters...
China's Withinlink seeks $30m for VC fund
China-based start-up incubator and early-stage investor Withinlink is targeting $30 million for its second venture capital fund to help US companies enter the Chinese market.
GPs in $90m round for China’s IMS New Media Group
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Chinese GPs back sports marketing player Mailman
Mailman, a sports-focused digital marketing agency in Shanghai, has completed an extended Series A round of funding worth $3 million from Yao Capital and Kaixing Capital.
GPs commit $110m to PCCW's video streaming unit
Hony Capital, Foxconn Ventures and Temasek Holdings have agreed to acquire a combined 18% stake in PCCW International OTT, a video-streaming subsidiary of Hong Kong telecom giant PCCW, for $110 million.
Olympus, UOB invest $90m in China radio ad agency
A consortium led by Olympus Capital Asia and UOB Venture Management will acquire a controlling stake in Shanghai-based Yuanyu Radio, which claims to be the largest radio advertising agency in China, for $90 million.
Sino-US Tang Media Partners acquires Open Road Films
Tang Media Partners (TMP), a Sino-US media and entertainment investment group, has finalized its acquisition of Open Road Films, an independent film distributor and producer owned by US-based AMC Entertainment and Regal Entertainment Group.