Media

Venture firms set for windfall from Xunlei IPO

Venture capital investors Morningside Technology Investments, IDG Technology Venture Investment and Ceyuan Funds are on course for profitable exits from Xunlei.com as the Chinese software company filed for a proposed IPO that could raise up to $200 million.

Anafore gets first round of VC funding

Singapore-based Anafore Pte Ltd, the operator of a startup website focused on referral marketing, has secured its first round of funding from three venture investors: Singapore-based BAF Spectrum; Spring Seeds Capital, a subsidiary of startup investor...

Quantum joins VCs in Shanghai ad firm

Shanghai-based online advertising firm MediaV announced that it has successfully raised another $50 million from venture capital investors in its third round of funding. The round was led by Soro-affiliated Quantum Strategic Partners and supported by...

Renren set for IPO following delay

Venture-backed Renren.com – touted as China’s answer to the social networking site Facebook – has delayed its highly anticipated IPO on the NYSE from Tuesday evening to Wednesday, for undisclosed reasons.

DCM launches Google Android-focused fund

Venture firm DCM is to launch a $100 million fund focused on targets and developers surrounding Google Android’s mobile platform, touted as the world’s first Android-focused fund.

Providence invests in India’s UFO Moviez

Providence Equity Partners has invested INR2.6 billion ($58.3 million) to become the largest shareholder in digital cinema company, UFO Moviez. UFO is the world's largest satellite-based digital cinema service with close to 2,500 installations across...

DST invests in China's 360Buy

VC-backed Chinese digital retailer 360Buy has received a Series C fundraising tranche worth “hundreds of millions of dollars” from investors including Russian internet-investment company Digital Sky Technologies (DST) and Walmart, according to the...

VC-backed gaming developers merge

Chinese gaming developer UltiZen Games - which has received funding from Jafco Asia, Hotung Investment Holdings Ltd. and Tokio Marine Investment Services – has acquired Japanese developer Red Entertainment for an undisclosed price.

VisionChina goes after VC firms in US courts

In February, the former shareholders of Digital Media Group (DMG) (Shareholder Representative Services, Oak Investment Partners XII, Gobi Partners, Inc., Gobi Fund, Inc., and Gobi Fund II, L.P.) filed a counter suit against VisionChina Media, one of China’s...

CVC-backed Nine Entertainment sells CarSales.com stake

CVC Capital Partners Asia Pacific-owned Australian TV network Nine Entertainment has sold its 49% stake in CarSales.com for a reported A$565.5 million ($569 million) to institutional investors - a move that has spurred questions about Nine’s planned...

mobile-tower
NSR, IL&FS telco tower operators to merge

Private equity firm New Silk Route's (NSR) investee Ascend Telecom Infrastructure will merge its telecommunications tower business with India Telecom Infra Ltd. (ITIL) – which is 50%-owned by industry peer IL&FS – in an effort to shore up their resources...

Corporate tech VC funds launch in China

Chinese internet powerhouses Tencent and Alibaba are to launch separate private investment vehicles aimed at financing third-party developers in hopes of adopting new technologies – a model in line with overseas corporations that have since proven to...

Alibaba Group's Taobao launches fund for developers

Days after Alibaba Group Holdings came under fire for uncovering fraudulent vendors on its B2B domain Alibaba.com, the holding company announced that its popular e-auction site, Taobao.com, would launch an RMB300 million ($45.6 million) fund to foster...

China's Tencent turns to PE

Chinese digital media and communications giant Tencent has announced the creation of it own private equity fund, called the Tencent Industry Win-Win Fund.

Advantage Partners to acquire GTAGuam

Tokyo-based private equity firm Advantage Partners has received the green light to acquire Guam’s leading telecom operator GTA TeleGuam from owner Shamrock Capital Advisors. The deal has been approved by the country’s Public Utilities Commission following...

KKR-backed Seven Media bought for $4.2b

KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash, shares and an assumption of debt. The deal sees the return of double-digit valuations, this one...

Alibaba.com's top execs depart following scandal

Alibaba Group, China's e-commerce behemoth that last month announced a possible tie-up with PE investors, has come under scrutiny for its alleged role in allowing fraudulent vendors to set up storefronts on its B2B domain Alibaba.com, prompting the website’s...

KKR-backed Seven Media bought for $4.2b

KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash and shares – a deal that creates the largest diversified media entity in the country.

MBK exits Gala TV to EQT

EQT Greater China has acquired MBK Partners-backed Taiwanese cable television company Gala TV in the latest big-name media deal out of the country. The buyout firm did not disclose the deal price, but affirmed that the capital came from its $535 million...

VCs inject $20m into Chinese digital media firm

Oak Investment Partners has led a $20 million Series B round of growth capital financing into Beijing-based digital advertising and media aggregator Yoyi Media. Existing investors Steamboat Ventures and Gobi Partners also participated in the round.

EQT acquires Taiwan's Gala TV

EQT Greater China continues its investment run via the acquisition of Taiwan's Gala TV in a partnership with CEO Lin Poa-Chuan as co-investor. No financial details were disclosed.

Headland, NEA in ValueFirst financing round

Headland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has committed INR 70 crore ($15.4 million) to Indian mobile messaging and communication firm ValueFirst Messaging Pvt. Ltd., with current investor New...