Sectors
VC-backed Chinese online tutor Xueba close to bankruptcy
Xueba100.com, a China-based one-to-one online tuition platform, has halted operations and is looking for industry peers to assume responsibility for its students and teachers.
Vietnam’s Mekong closes Fund IV at $246m
Vietnamese private equity firm Mekong Capital has closed its fourth flagship middle-market fund at $246 million, more than twice the size of its predecessor vehicle.
China robotics player Flexiv gets $100m Series B
Flexiv, a China and US-based industrial robotics start-up specializing in machines that can adapt to unpredictable environments, has raised a $100 million Series B round featuring Gaorong Capital.
China bubble tea chain Naixuecha raises Series C
Naixuecha, a China-based bubble tea chain that also goes by the name Nayuki, has raised a Series C funding round led by PAG.
Five trends for 2021
AVCJ looks at how its 2020 predictions turned out and identifies some key themes for the year ahead
Apax buys software business from India's 3i Infotech
Apax Partners has agreed to acquire the software products business of Indian IT provider 3i Infotech for INR10 billion ($136.6 million). It will be renamed Azentio Software.
GIC leads $203m investment in Vietnam hospital
A GIC-led consortium has agreed to invest VND4.7 trillion ($203 million) in Vinmec, a leading Vietnamese hospital developer and operator.
Silver Lake joins $3.3b investment in China's TAL Education
Silver Lake has led a $2.3 billion investment in TAL Education Group, a US-listed Chinese after-school education provider, via a convertible notes issue.
China's Oceanpine raises $400m for tech, healthcare deals
Chinese technology and healthcare investor Oceanpine Capital has completed its first external fundraise with $400 million in commitments.
Delivery Hero wins approval for Woowa deal in Korea
Private equity investors in Korean food delivery business Woowa Brothers look set for a liquidity event after regulators gave conditional approval for a $4 billion acquisition by Delivery Hero.
China's Zuoyebang gets $1.6b Series E extension
Zuoyebang, which claims to be China’s largest online education company, has secured $1.6 billion in an extended Series E funding round that features Alibaba Group as a new investor.
Trustbridge leads $500m round for China's Dxy.cn
Trustbridge Partners has led a $500 million round for Dingxiangyuan – also known as dxy.cn – a Chinese digital medical platform that primarily serves as a forum for healthcare industry professionals.
Google joins $145m round for India's Glance
Google has joined a $145 million round for Glance, an Indian smart phone services provider specializing in media content that launches on a locked home screen when a handset is illuminated.
Sequoia leads $515m Series E for Hong Kong's Lalamove
Lalamove, a Hong Kong-based delivery start-up known as Huolala in mainland China, has completed a $515 million Series E round led by Sequoia Capital China.
Rise Fund leads Series D for Chinese art tuition platform
The Rise Fund, TPG’s impact investment vehicle, has led a $210 million Series D round of funding for Meishubao, a China-based online art education platform.
PE-backed WealthNavi soars on Tokyo debut
Japanese financial technology start-up WealthNavi gained 100% on its trading debut following a JPY17.9 billion ($172.9 million) IPO that facilitated partial exits for Gree Ventures, Infinity Venture Partners, and Global Brain.
Eastern Bell, Hidden Hill join $512m China air cargo deal
Eastern Bell Capital and Hidden Hill Capital, the private equity arm of warehousing and logistics player GLP, have participated in a RMB3.35 billion ($512 million) funding round for the freight business of China Southern Airlines.
China's MiningLamp gets $200m Series E extension
The Russia-China Investment Fund has led a $200 million Series E extension for Chinese big data player MiningLamp Technology, taking the overall round to $500 million.
Platinum agrees $398m exit from Asia precision manufacturer
Platinum Equity has sold Compart Systems, a Singapore-headquartered metal components manufacturer, to Shanghai Wanye Enterprises for a valuation of approximately $398 million.
Indian government infrastructure fund closes at $2.3b
NIIF Master Fund, a rupee-denominated infrastructure investment vehicle backed by the Indian government, has achieved a final close of $2.34 billion, beating its $2.1 billion target.
Q&A: North Summit Capital's Wanli Min
Previously chief machine intelligence scientist at Alibaba Cloud, Wanli Min is now applying his deep technology expertise to investment at North Summit Capital. He explains what kind of innovation makes him tick
Australia home solar fintech start-up raises $73m
Grok Ventures, an investment firm set up by Atlassian co-founder Mike Cannon-Brookes, has led a A$100 million ($73 million) round for Australian household solar energy financier Brighte.
India renewables platform Ayana receives $70m
India’s Ayana Renewable Power has received $70 million in equity funding from a group of government-backed impact investors, including UK-based CDC Group.
The crystal ball: Predictions for 2021
Industry professionals process the upheavals of 2020 to inform outlooks for a range of markets and investment themes. Realist bullishness abounds