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GPs in $90m round for China's IMS New Media Group
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Advantage exits China's ESG Holdings
Advantage Partners has completed a full exit of Hong Kong-based and China-focused facility management services company ESG Holdings. It was the Japan-focused firm's first China buyout.
Data centers: The information edge
Asia’s booming online economies have created unprecedented demand for data center services, but private equity investors still must determine the best way to approach the industry
India's EM3 AgriServices gets $10m Series B
EM3 AgriServices, a venture capital-backed equipment and operational support provider for the Indian farming industry, has raised a $10 million Series B funding round.
Co-working spaces: Space jam
Amid the proliferation of co-working spaces in Asia and soaring valuations, investors must prepare for the inevitable industry shakeout
China's PE-backed UrWork receives $178m investment
UrWork, a Chinese co-working space operator with a number of private equity backers, has received $178 million as part of a pre-Series C funding round led by a group of strategic investors.
Kedaara to part-exit Mahindra Logistics through India IPO
Kedaara Capital will exit part of its stake in Mahindra Logistics (MLL), the logistics and transport service of India’s Mahindra & Mahindra, in a planned IPO.
General Atlantic acquires India's Karvy Computershare
General Atlantic has acquired a significant stake in India-based share registry business Karvy Computershare, providing a full exit for Australia-listed Computershare and taking out part of the position held by the company founder.
Alibaba's Tmall leads $300m round for PE-backed Yiguo
Tmall, Alibaba Group’s B2C e-commerce unit, has led a $300 million Series D round for Yiguo.com, a PE-backed Chinese grocery shopping platform. This is the fourth time an Alibaba entity has invested in the company.
Japan's KDDI to acquire VC-backed Soracom
Soracom, a Japanese internet of things (IoT) communications platform that has several VC backers, will be acquired by domestic telecom operator KDDI Corporation.
GIC leads $220m Series D for China's Dianrong
Chinese peer-to-peer (P2P) lending platform Dianrong.com has raised a $220 million Series D round led by Singapore’s GIC Private.
Joy Capital leads $105m round for China's Shopex
Joy Capital, a Chinese VC firm that spun out from Legend Capital, has led a RMB700 ($105 million) Series D round for Shanghai ShopEx Network Technology, an e-commerce software and services provider.
Chinese financial tech firm Qiancheng gets $30m
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
Deal focus: CITIC Capital, 3i team up in auto services
CITIC Capital and 3i have together committed $265 million to Formel D with a view to helping the German auto testing and inspection business expand its footprint in Asia
J-Star exits Japanese document scanning business to Orix
Mid-market private equity firm J-Star has exited its entire holding in Japanese document scanning company Primagest to local financial services conglomerate Orix Corporation.
Yunfeng invests in China tourism services provider
Yunfeng Capital has invested in Beijing Davost Tourism & Cultural Creativity, a provider of resorts management and other support services to the Chinese tourism industry.
CITIC Capital, 3i acquire German auto services provider
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
China logistics platform Yimidida secures $44m Series B
CDH Investments has led a RMB300 million ($44 million) Series B round for Yimidida, a Shanghai-based logistics services platform that focuses on rural areas.
China's PE-backed UrWork receives $29m investment
UrWork, a Chinese co-working space operator with a number of private equity backers, has received a $29.4 million investment from domestic conglomerate Beijing Love & Health Group.
PE-backed Chinese logistics player files for US IPO
Best Inc, a Chinese logistics operator backed by Alibaba Group and a string of private equity investors, has filed for a US IPO. No details have been given as to the size and pricing of the offering.
Australia's VC-backed GetSwift receives $18m investment
IFM Investors has joined a A$24 million ($18.2 million) investment in GetSwift, an Australia-listed and VC-backed software provider focused on the logistics sector.
Lightspeed leads $4m Series A for India's Darwinbox
Lightspeed India Partners has led a $4 million Series A round for Indian human resources (HR) services platform operator Darwinbox.
EMIA invests Cambodia unit of iCare Benefits
Emerging Markets Investment Advisers (EMIA) has acquired a significant minority stake in the Cambodia division of iCare Benefits, a Singapore-based company that provides employers with worker benefit programs.
Chinese VC-backed co-working space Bigger raises $18m
Bigger, a Beijing-based co-working space operator established by Hong Kong-listed property developer Modern Land, has completed a $18 million Series A round led by an investment unit of real estate company Hongfu Group.