Sectors
Google Capital backs India real estate platform CommonFloor
Google Capital has provided a new round of funding for CommonFloor.com, an India-based property listings website.
Ally Bridge leads $25m round for Shanghai Hua Medicine
Ally Bridge Group, a healthcare-focused PE firm, has led a $25 million Series B round of funding for Hua Medicine, a Shanghai-based clinical-stage biotech company.
Dentsu challenges take-private of China's Charm Communications
The CMC Capital-backed privatization of Charm Communications is being challenged by Dentsu Aegis, which refused to accept the terms for the acquisition of its minority stake in the Chinese advertising agency.
Japan's NTT Docomo Ventures backs France-based Sunpartner
NTT Docomo Ventures, the corporate VC arm of the eponymous Japanese telecom giant, has taken part in a EUR4 million ($4.7 million) round for Sunpartner Technologies, a French solar panel manufacturer.
DST, Iconiq join Series A round for Hong Kong P2P lender WeLab
DST Global founder Yuri Milner, Iconiq Capital and a joint venture between China Post and TOM Group have been added to Hong Kong-based internet finance start-up WeLab’s Series A round, taking the total raised to $20 million.
China food delivery app Line0 raises $30m
Chinese food delivery mobile app Line0 has completed a Series B round of funding worth $30 million, led by Tencent Holdings. Existing investors Sequoia Capital and Gobi Partners also participated.
Xeraya, Spruce in $150m first close on second life sciences fund
Khazanah Nasional-controlled Xeraya Capital and Spruce Capital Partners have reached a first close of $150 million on MLS Capital Fund II, successor to the vintage Malaysian Life Sciences Capital Fund, which is now fully allocated.
BAI invests in China mobile advertising solutions provider
Bertelsmann Asia Investments (BAI), an investment arm of German media giant Bertelsmann, has committed $10 million in Series A funding to OptAim, a Chinese mobile marketing solution provider.
KKR, GIC launch real estate-focused India NBFC
KKR has launched its second Indian non-banking financial company (NBFC), teaming up with Singapore’s GIC Private to focus on providing structured credit solutions for real estate developers.
India's Lenskart raises $22m in Series C funding
Valyoo Technologies, the Indian start-up behind online eyewear retailer Lenskart, has raised INR13.5 billion ($21.9 million) in Series C funding led by TPG Capital's growth unit.
Jafco exits shredder maker to Japan Industrial Solutions
Jafco has exited Meiko Shokai, a Japanese manufacturer of document shredders, to turnaround specialist Japan Industrial Solutions (JIS) for an undisclosed sum.
NZ Super, Infratil target aged care integration
Morrison & Co, an investment manager of New Zealand-listed infrastructure fund Infratil, has been looking into Australian retirement village space for a while. In early 2014, it approached RetireAustralia, the country’s fourth-largest player, as a potential...
MSPEA enters the China hospital space
To Homer Sun, CIO at Morgan Stanley Private Equity Asia (MSPEA), the current climate in China’s hospital services space is reminiscent of pharmaceuticals circa 2008. Government policy was pushing the industry towards consolidation and MSPEA capitalized,...
Xiaomi: The view from the top
Chinese smart phone manufacturer Xiaomi has become the world’s most valuable start-up, following a $1.1 billion round. Does its growth trajectory tally with the $45 billion price tag?
Australian cancer drug developer raises $10m Series B round
Australian biopharmaceutical start-up EnGeneIC has received $10 million in a Series B round of funding led by Boston-based healthcare specialist GRT Capital Partners.
Rocket Internet, PLDT set up online payments platform
Rocket Internet and Philippine Long Distance Telephone (PLDT) have agreed to form a joint venture mobile payments platform with a focus on emerging markets.
Multiples completes exit from South Indian Bank
India’s Multiples Alternate Asset Management has fully exited South Indian Bank (SIB), selling its remaining 3.67% stake for INR1.51 billion ($23.8 million).
IDG commits $3m to Chinese weather data generator
IDG Capital Partners has acquired a 10% stake in Bloomsky, a subsidiary of China’s Andon Health which develops weather data sensors, for $3 million.
Crystal Stream leads $10m round for delivery start-up Lalamove
Crystal Stream Capital has led a $10 million for Lalamove, a Hong Kong-based mobile app for on-demand delivery services.
TPG, PAG consortium merges DTZ with Cassidy Turley
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
China's CDH exits CNinsure via share buy-back
CDH Investments is exiting CNinsure, a China-based distributor of insurance products, after members of the management team agreed to buy back its stake for $54.1 million.
China's Wanda E-Commerce raises $160m
Wanda E-Commerce, a joint venture set up by China’s largest commercial property operator Wanda Group, Baidu and Tencent Holdings, has raised RMB1 billion ($160 million) from two offshore internet investment funds.
GGV leads $10m round for drone maker EHang
GGV Capital has led a $10 million Series A round for EHang, a Chinese consumer drone manufacturer.
L Capital Asia leads cornerstones for Asiaray Media's HK IPO
L Capital Asia, is participating as a cornerstone investor in Greater China out-of-home advertising company Asiaray Media Group’s Hong Kong IPO, which is targeting up to HK$772.2 million ($99.5 million).