Sectors
Dianping secures $850m pre-IPO round
Having raised $850 million - the largest disclosed round for a Chinese tech start-up so far this year – in a matter of months, Dianping is now thought to be nearing an IPO. The investment values the 12-year-old company, described as a Chinese version...
Go Scale's China angle wins Philips deal
The auction of Dutch electronics giant Philips’ LED components and automotive lighting unit that began in June of last year drew bids from a host of global buyout firms. Bain Capital and a KKR-CVC Capital Partners consortium are among those said to have...
VC-backed Sungy receives management take-private offer
The chairman of Chinese app developer Sungy Mobile has submitted an offer to take the VC-backed company private less than 18 months after it went public on NASDAQ.
CMC, FremantleMedia, SMG create China TV JV
China Media Capital (CMC) has teamed up with London-headquartered TV producer FremantleMedia and Shanghai Media Group (SMG) to create a joint venture that will develop entertainment content for the China market.
TVM reaches $50m first close on China pharma fund
TVM Capital Life Science has reached a first close of $50 million on its debut China fund, which will invest in Western companies with a view to obtaining licenses for development and commercialization in China.
Templeton leads $15m Series C for Vietnam restaurant operator
Vietnamese restaurant operator Huy Vietnam has raised a $15 million Series C round of funding led by Templeton Asset Management. Hong Kong-based firms Welkin Capital and Prosperous Alliance also took part in the round.
China's Renren leads $70m round for US mortgage marketplace
Chinese social networking platform Renren has led a $70 million Series C round for US-based mortgage marketplace LendingHome, bringing the total raised by the company to $109.3 million.
Baidu invests in another China ride-sharing app
Baidu has made its second investment in the Chinese ride-sharing app space in a matter of days, leading a Series C round for Tiantian Yongche, with participation from Sequoia Capital.
Dragoneer leads $10m round for India's ZopNow
Dragoneer Investment Group has led $10 million funding round for Indian online grocery retailer ZopNow. Existing investors Accel Partners, Qualcomm Ventures and Times Internet also participated.
SoftBank joins $13.3m Series B for Japan e-commerce app
Japanese tech giant SoftBank Group, credit card firm Credit Saison, and Makoto Takaono - editor-in-chief of Forbes Japan - have invested JPY 1.6 billion ($13.3 million) in Origami, a Tokyo-based mobile commerce platform.
China VC firm Qiming raises $75m annex fund
Qiming Venture Partners has raised a $75 million annex vehicle on top of its third US dollar-denominated fund for follow-on investments in existing portfolio companies.
Japanese biotech firm targets $42m venture fund
An investment unit of Japanese biotech company Euglena is looking to raise JPY5 billion ($41.5 million) for a VC vehicle it has launched alongside SMBC Nikko - which is controlled by Sumitomo Mitsui Financial Group - and science start-up incubator Leave...
Apollo makes partial exit from India's Dish TV
Apollo Global Management has made a partial exit from India-based direct-to-home (DTH) television service operator Dish TV, selling INR2.62 billion ($42.1 million) worth of shares on the open market.
GGV leads $10m Series B for China home decoration site Kujiale
GGV Capital has led a $10 million Series B round of funding for Kujiale, a Chinese interior decoration services platform.
India's Zomato raises $50m from Info Edge
Indian online restaurant and event guide Zomato has raised INR3.11 billion ($50 million) in a funding round led by existing investor Info Edge.
Baidu leads Series C for China ride-sharing app 51yongche
Chinese search provider Baidu has led a Series C round of funding for 51yongche, a China-based ride-sharing mobile app. Sequoia Capital also participated.
CITIC Capital raises $140m via Cinda sell-down
CITIC Capital has exited its entire holding in China Cinda Asset Management, selling a 1.96% stake in the Hong Kong-listed non-performing loans manager for HK$1.09 billion ($140 million).
DST leads $315m round for India taxi-booking service Ola
DST Global has led a $315 million investment in ANI Technologies, operator of India taxi-booking platform Ola, alongside existing investors Tiger Global Management and Steadview Capital.
Warburg Pincus exits India healthcare chain Metropolis
Warburg Pincus has exited its entire 27% stake in Indian healthcare chain Metropolis to the Shah family, one of the company's promoters. KKR backed the Shah family's buyback.
Sequoia, TR lead $50m Series C for India's Urban Ladder
Urban Ladder, which claims to be India’s leading furniture-focused online retailer, has received $50 million in a Series C round of funding led by Sequoia Capital and TR Capital.
Legend leads Series C round for China's UCloud
Legend Capital has led a Series C round worth approximately $100 million for UCloud, a Chinese cloud service provider, with participation from VMS Investment Fund, DCM, Bertelsmann Asia Investments (BAI) and GX Capital.
China installment payment platform Qufenqi raises $100m
Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments, has raised approximately $100 million in a new round led by Shenzhen-listed games developer Beijing Kunlun Tech.
India digital wallet app MobiKwik gets $25m Series C round
India-based digital wallet app developer MobiKwik has raised $25 million in a Series C round led by Tree Line Asia.
Chinese online finance site 9fbank secures $110m
9fbank.com, a Chinese internet finance platform, has raised a new round of funding worth $110 million.