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VC-backed Dada Nexus merges with JD's O2O business
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
GIC partners with Indonesia's MMP for logistics JV
Singapore’s GIC Private has entered into a joint venture with Indonesian industrial properties provider Mega Manunggal Property (MMP) to develop an extended warehouse portfolio.
XIO Group to buy JD Power for $1.1b
XIO Group, which targets assets in North America and Europe with a view to unlocking growth potential in emerging markets such as Asia, has agreed to acquire market research business J.D. Power for $1.1 billion.
Aquiline, Genstar exit AssetMark to China's Huatai for $780m
China’s Huatai Securities has agreed to purchase financial consultancy group AssetMark for $780 million from US-based PE firms Aquiline Capital Partners and Genstar Capital.
Deal focus: Navis to grow Texon outside the shoebox
After a major turnaround for Texon International, Navis aims to reinforce management's strengths and help the company reach the next level
SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
China HR services platform Joyowo secures $15m
Joyowo.com, a Chinese online HR services platform, has raised a RMB100 million ($15 million) Series B round from VC investors including Sequoia Capital, Greenwoods Asset Management and Meridian Capital.
Blackstone to pay up to $1.1b for India's Mphasis
The Blackstone Group has agreed to buy a majority stake in Indian IT services provider Mphasis from Hewlett Packard for up to INR70 billion ($1.1 billion).
Alibaba, Yunfeng-backed YTO Express set for $2.7b backdoor listing
Chinese clothing maker Dalian Dayang Trands has agreed to acquire Shanghai's YTO Express, which is backed by Alibaba Group and Yunfeng Capital, for RMB17.5 billion ($2.7 billion), resulting in a backdoor listing in Shanghai for the courier service provider....
India's Ambit Pragma exits Spear Logistics to French strategic
Indian mid-market PE firm Ambit Pragma has exited its majority stake in Spear Logistics to French multinational FM Logistic.
India cloud enterprise start-up Icertis raises $15m
Icertis, a provider of cloud-based contract management software based in India and the US, has raised a $15 million Series B round.
Legend, Hony back WeWork in Asia push
China’s Legend Holdings and Hony Capital have led a Series F round for an Asian expansion by WeWork, a US provider of collaborative workspaces for entrepreneurs and small businesses.
Lakeshore Capital invests in Thailand's ReadyPlanet
Thailand-focused GP Lakeshore Capital Partners has invested an undisclosed amount in digital marketing service provider ReadyPlanet.
BlueRun leads $100m Series C for China's QingCloud
China-based cloud computing platform QingCloud has raised a $100 million Series C round led by existing investor BlueRun Ventures.
Accel leads $3m Series A round for India's Ninjacart
Accel Partners has led a $3 million Series A round for Indian business-to-business (B2B) online marketplace Ninjacart.
Jafco, Voyage in $2.6m round for Japan's Repro
Japanese mobile analytics provider Repro has raised JPY300 million ($2.6 million) for a US expansion from investors including Jafco and Voyage Ventures.
India's Access buys network solutions provider Teleysia
Access Asset Managers has taken a controlling interest in Indian wireless telecom consultancy Teleysia Networks.
Riverside-backed MNX in Singapore bolt-on acquisition
The Riverside Company has completed the bolt-on acquisition of Singapore-based Aero Express Logistics (AEL) to its global transportation and logistics platform MNX Global Logistics.
Matrix leads $5m Series A for India's OfBusiness
Indian business-to-business (B2B) e-commerce platform OfBusiness has raised a $5 million Series A round led by Matrix Partners India.
China logistics provider Tian Tian Express raises $92m
Tian Tian Express, a Chinese courier service firm, has raised a RMB600 million ($92 million) Series A round of funding led by domestic private equity vehicle CICC Qianhai Development Fund.
PE-backed SF Express targets A-share IPO
China's largest express delivery services provider SF Express, which is backed by several PE investors including CITIC Capital, has confirmed that it is targeting an A-share IPO.
Bain, GIC, Advent buy minority stake in Quest Global
Bain Capital, GIC, and Advent International have bought a minority stake in Indian engineering services outsourcing firm Quest Global for $350 million, providing an exit for Warburg Pincus.
Deal focus: EQT leverages corporate compliance
EQT Partners is backing Elevate's audit-plus model to deliver differentiated value in a global testing, inspection and certification market that is already supported by strong tailwinds
Singapore's EDBI, TAL Education in $52m round for US-based Knewton
New York-based adaptive learning system developer Knewton has raised $52 million from a consortium of investors including EDBI - the corporate VC arm of Singapore's Economic Development Board - and Chinese education company TAL Education Group.