Sectors
China O2O services platform Meituan-Dianping raises $3.3b
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has confirmed that its latest funding round has closed at $3.3 billion.
CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
Deal focus: Bain revives FCI in Asia
Bain Capital spent 10 years restructuring Europe-based FCI - more than returning its capital from divestments in the process - into an Asia-focused electronics business
Deal focus: Abraaj builds on India healthcare foundation
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
Deal focus: Warburg Pincus backs intercity logistics
China's Yunniao wants to do for corporates in intercity delivery what Didi Kuaidi does for individuals in taxi services. Warburg Pincus has led a $100 million round to support expansion
Portfolio: Armstrong Asset Management and The Blue Circle
Thanks to a strong relationship between their respective founders, Armstrong Asset Management has helped The Blue Circle become an influential player in Southeast Asia’s renewable energy sector
China take-privates: New wave
Recent volatility notwithstanding, plenty of investors want to back China take-privates with a view to domestic re-listings at higher valuations. The company founders behind these deals are the big winners
China's Lufax raises $1.2b round
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online finance platform controlled by Ping An Insurance Group, has completed a $1.22 billion round of funding.
SAIF, Norwest, Accel in $35m round for India's Swiggy
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
China Cocoon Network launches $720m European tech fund
London-based Cocoon Networks, which is backed private equity firms China Equity Group and Hanxin Capital, has launched a GBP500 million ($720 million) venture fund to invest in UK and European technology start-ups.
Bertelsmann leads round for Indian e-commerce platform
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
Japan's J-Star buys nursing care business
J-Star has made another investment intended to leverage Japan’s aging population with the acquisition of Platia, a nursing services business that specializes in caring for people with dementia.
IFC proposes joining $700m round for Alibaba logistics unit
The International Finance Corporation (IFC) is considering investing up to $30 million in Best Logistics Technologies - a Chinese logistics business partly-owned by Alibaba Group - as part of a $700 million pre-IPO funding round.
China online retailer raises $1b for finance unit
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
China B2B steel-trading platform raises $153m – Update
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1.1 billion ($153 million).
Anchorage speaks out on Dick Smith investment
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
KKR exits stake in India's Dalmia Cement, invests in parent company
KKR has agreed to sell its stake in India's Dalmia Cement Bharat (DCBL) for INR6 billion ($89 million) to the parent company Dalmia Bharat (DBL), and to invest INR6.2 billion in DBL itself.
CDH-owned Nanfu Battery completes China reverse merger
CDH Investments-controlled Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, has listed on the National Equities Exchange and Quotations (NEEQ) through a reverse merger.
Hong Kong to launch $256m fund to invest alongside VCs
The Hong Kong government will create a HK$2 billion ($256 million) fund that will co-invest in start-ups alongside venture capital funds on a matching basis. It is one of a number of initiatives intended to bolster innovation and technology in the territory....
DBJ, Japan Wind Development to form $423m fund
The Development Bank of Japan (DBJ) and Japan Wind Development (JWD) – a local developer acquired last year by Bain Capital – have agreed to launch a JPY50 billion ($424 million) wind power fund.
SBCVC commits $60m in China's Acfun
Acfun, a Chinese social networking platform that focuses on video editing, has secured an extended $60 million Series A round of funding from SBCVC, previously known as SoftBank China Venture Capital.
Germany's Evonik backs China VC fund
Evonik Venture Capital, the VC arm of German industrial group Evonik, has invested an undisclosed amount in Chinese VC firm GRC Managers' SinoGreen Fund III (GRC III).
App analytics firm App Annie raises $63m Series E
App Annie, a mobile app analytics platform developer that was started in Beijing but has since expanded globally, has raised $63 million in Series E funding.
Northern Light joins $25m round for US-based Shape Security
Northern Light Venture Capital has joined a $25 million Series D round for US online security start-up Shape Security, with a view to supporting the company's expansion in China.