Sectors
Everbright ReinFore invests in China’s Huasheng Finance
Everbright ReinFore, a private equity arm under China Everbright Group, has led a Series B round of funding for Huasheng Finance, a Chinese online lending platform.
Rakuten launches $84m Japan venture fund
Rakuten Ventures, the corporate VC arm of Japanese e-commerce giant Rakuten, has launched a JPY10 billion ($84 million) fund targeting start-ups in Japan.
China Merchants Bank to invest in Didi Kuaidi
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
Jungle Ventures adds to management team
Singapore-based Jungle Ventures, which is currently raising its second fund, has strengthened its management team with the appointment of a new CFO, director of corporate development, and head of finance.
PE-backed Hengyang Cattle set for China reverse merger
Heilongjiang Hengyang Cattle Industry, a Chinese beef processor backed by CDH Investments and other PE investors, plans to list in Shenzhen through a backdoor listing.
Singapore's Eyeota raises $7m Series A round
Global Brain, Infinity e.Ventures and Project A Ventures have committed $7 million in Series A funding to Singapore-based adtech company Eyeota.
Nissay commits $1.7m to Japan's Oneteam
Nissay Capital has invested $1.7 million in Series A funding in Japanese workplace chat app Oneteam.
CVC, Lippo postpone plan to exit Indonesia's Link Net
CVC Capital Partners and the Riady family's Lippo Group have suspended plans to sell their majority stake in Link Net, an Indonesian fixed-line broadband and cable TV operator.
Deal focus: Fintech start-up WeLab seeks scale
With $160 million in Series B funding, Hong Kong-based WeLab wants to upgrade its people and technology in order to build a China online lending platform of real scale
Deal focus: Investors see value in China auto disrepair
China Pacific Insurance leads a Series B round for Bochewang, a car-trading platform that transfers damaged vehicles from insurers to rebuilders
Late starter: Hong Kong boosts innovation support
Hong Kong is following in Singapore’s footsteps with the announcement of meaningful support for technology start-ups. Why is the government moving on the issue now, and what difference can it make?
China venture: After the boom
Venture capital investors are set for a less frenetic year in China, but this isn't necessarily a bad thing for early-stage players
Yunfeng leads round for China reviews site
Yunfeng Capital has led an extended Series A round of funding for Du Yao, a China-based book and movie reviews platform.
Indonesia's Kejora adds partner, targets $100m fund
Indonesian venture capital firm Kejora Group has hired Eri Reksoprodjo, formerly of Saratoga Capital, as a partner as it looks to raise up to $100 million for its first institutional fund.
China cloud storage firm Qiniu raises $100m
Qiniu, a Chinese cloud storage service provider, has received a $100 million Series D round from China Broadband Capital (CBC), Telstra Ventures and Chinese mutual fund provider Harvest Global Investments.
China's Jinpan agrees Forebright-backed privatization
Jinpan International, a US-listed Chinese electric transformer manufacturer, has agreed a take-private deal with the company’s chairman and Forebright Capital. It values the business at approximately $98 million.
Olympus, CX Partners lead $60m round for India's Nspira
Olympus Capital Asia Credit and CX Partners' India mezzanine fund have led a INR4 billion ($59 million) round for Indian management service provider Nspira.
KTB, Jolly Innovation lead $30m round for China's CARsgen
KTB Ventures and Jolly Innovation Ventures have led a $30 million Series B round for Shanghai-based cancer therapy developer CARsgen Therapeutics.
Black River PE team goes solo as part of Cargill spin-out
The private equity team of Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, has spun out to form Proterra Investment Partners.
Qiming closes fifth China VC fund at $648m – update
Qiming Venture Partners has announced that it has closed its fifth US dollar-denominated China VC fund at $648 million.
JC Flowers to buy Chi-X's Asia trading platforms
J.C. Flowers has agreed to buy the Australia and Japan businesses of Chi-X Global Holdings, an alternative equity trading platform that competes with primary exchanges, as well as the company’s Hong Kong-based technology services unit.
CPIC leads $30m round for China restored car auction platform
China Pacific Insurance Corporation (CPIC) has led a RMB200 million ($30 million) Series B round for Bochewang.com, a Chinese online auction platform for restored cars.
Jungle, Blume in $7.2m round for India's SnapBizz
Jungle Ventures, Blume Ventures, Konly Venture and Taurus Value Creation have led a $7.2 million round for India-based retail technology developer SnapBizz.
IVP leads $30m Series C for India, US-based Qubole
Qubole, a big data firm based in India and the US, has raised a $30 million Series C round led by Institutional Venture Partners (IVP).