Sectors
Chinese COVID-19 vaccine developer Clover files for IPO
Clover Biopharmaceuticals, a Chinese pre-revenue drug developer that has raised $315 million across several funding rounds since 2011, has filed for a Hong Kong IPO.
Blackstone to cement control of India's Mphasis
The Blackstone Group is set to lift its controlling position in India-listed IT services provider Mphasis to 75% as part of a deal worth up to $2.8 billion.
Sequoia joins $25m Series D for Singapore's StashAway
Sequoia Capital India has joined a S$33.3 million ($25 million) Series D round for Singapore-based wealth management platform StashAway.
Hong Kong e-commerce tracking start-up secures $66m
AfterShip, a Hong Kong-based e-commerce tracking service provider, has raised a $66 million Series B led by Tiger Global Management. GL Ventures also took part.
New Zealand dairy farm management start-up raises $23m
Blackbird Ventures has led a NZ$32 million ($23.4 million) Series B round for Halter, a New Zealand-based start-up that has developed smart cow collars and an accompanying app to aid dairy farm management.
Rising Japan exits staffing services business
Rising Japan Equity, a domestic private equity firm, has agreed to sell Progress, a staffing and contracting services provider, to listed staffing solutions business UT Group for JPY3.09 billion ($28.6 million).
Tiger Global invests $25m in India crypto app
Tiger Global Management has invested $25 million in CoinSwitch Kuber, a cryptocurrency exchange for the Indian retail market that facilitates investments as small as INR100 ($1.33).
China data analytics start-up Kyligence raises $70m
Kyligence, a China-based data analytics business, has closed a $70 million Series D round led by SPDB International.
Loyal Valley leads Series B extension for China's Edigene
Loyal Valley Capital has led a RMB400 million ($62 million) Series B extension for EdiGene, a China-based biotech company that uses genome editing technologies to accelerate drug discovery.
Pavilion joins $177m round for Singapore's Cityneon
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.
Novo Tellus backs India semiconductor player
Novo Tellus Capital Partners has invested $40 million in India-based semiconductor engineering services provider Tessolve at a valuation of $100 million.
Chinese funds back local AI-RPA player Laiye
Laiye Technology, a Chinese artificial intelligence (AI) start-up that specializes in robotic process automation (RPA) has raised $50 million in an extended Series C round led by Ping An Global Voyager Fund and Shanghai Artificial Intelligence Industry...
Novo Holdings joins $80m Series C for Indonesia's Halodoc
Novo Holdings, which manages the wealth of Denmark’s Novo Nordisk Foundation, has made its first investment in an Asian healthcare company by participating in an $80 million Series C round for Indonesia healthcare technology provider Halodoc.
Insight invests $172m in Australia's Octopus Deploy
Insight Partners has invested $172.5 million for a minority stake in Octopus Deploy, an Australian IT services company focused on automating software-related operations.
China's NextData raises $135m Series D
NextData, a China-based cybersecurity services provider, has secured $135 million in Series D funding led by CPE, Matrix China Partners, Hopu Investment, Tencent Holdings, and Xiang He Capital.
PE investors complete $4.6b China Biologic take-private
An investor group including Centurium Capital, CITIC Capital and Hillhouse Capital has completed its protracted pursuit of China Biologic Products Holdings with a $4.6 billion privatization.
India's Chargebee closes Series G, hits $1.4b valuation
Sapphire Ventures, Tiger Global Management, and Insight Venture Partners have led a $125 million Series G round for Chargebee, an India-founded and US-headquartered enterprise services business.
China-backed Oatly pursues US IPO
Oatly, a Swedish oat-based, dairy-free beverage brand backed by a joint venture between China Resources Group and Verlinvest, has filed for a US IPO and put in place a mechanism for an additional Hong Kong listing.
Japan's J-Star partially exits jobs training service
Japan’s J-Star has exited a 20% stake in Aki-Japan, an employee training service provider for the local construction sector. It leaves the private equity firm with an 80% position.
GM leads $139m Series D for Singapore EV battery maker
General Motors (GM) has led a $139 million Series D round for Singapore-based electric vehicle (EV) battery maker SES, also known as SolidEnergy Solutions.
China e-commerce enabler Xingyun raises $600m - update
China’s Xingyun Group, a digital supply chain provider for cross-border e-commerce, has raised $600 million in the second tranche of Series C round led by Yunfeng Capital, HI Transformational Fund, and Crescent Point.
Mobility: Gravitational shift
The automotive industry’s VC overtures might be in retrograde, but traditional carmakers are finding new ways to make a mark in mobility innovation. This creates new dynamics for financial investors
Deal focus: Loyal Valley realizes $600m from the Bilibili show
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
Deal focus: Plus pulls financial, strategic levers
China’s first autonomous driving truck will shortly enter mass production, courtesy of Plus and its array of private equity and automotive industry supporters