Agora.io, a real-time voice and video communication platform established by Tony Zhao, formerly CTO of Chinese social networking player YY.com, has received $70 million in Series C funding led by Coatue Management.
SoftBank Vision Fund has committed $2 billion to South Korean e-commerce business Coupang, reportedly valuing the company at $9 billion.
China has rolled out another proposal for a start-up friendly listing regime in Shanghai, this time with presidential imprimatur. PE investors are skeptical as to how quickly it could challenge Hong Kong
Golden Education, which claims to be China’s largest professional financial education provider, has received RMB800 million ($115 million) in Series C funding led by Hillhouse Capital and Morgan Stanley.
China’s Alphamab Oncology has completed a $100 million Series A funding round from a group of investors including PAG Growth Capital, Advantech Capital, and OrbiMed.
IDG Capital, Matrix Partners, and Neo Global Capital have jointly invested $20 million in Singapore-based cryptocurrency services company KuCoin.
Australia’s Future Fund has led a $140 million Series E round for Rocket Lab, a US-based space technology company that operates primarily in New Zealand.
Investors in China’s technology space must learn to play contrarian angles as consumer-facing segments become increasingly difficult to penetrate.
Finding talented personnel to source and execute investments remains the biggest challenge facing Asia’s private equity industry, GPs told the AVCJ Forum.
PE and VC investors in Asia are becoming more sophisticated in their approach to due diligence, with digital tools an increasingly important part of the skill set, the AVCJ Forum heard.
Singapore’s EDBI has joined a $50 million Series F round for US-based enterprise software provider WalkMe that will drive an Asia Pacific expansion.
While Korea’s private equity market remains relatively stable, a much-anticipated opening up of IPO exits has yet to come to fruition
GPs have built strong ties with corporate Japan by demonstrating value-add capabilities. These networks should serve them well as the market becomes more active
Kuaisuwang, a Chinese B2B trading platform for plastic products, has raised several millions of US dollars in a Series C round of funding from IRPC, a listed Thai petroleum and petrochemicals company.
Sequoia China Capital and ZhenFund have announced plans to launch a non-profit community dedicated to providing training courses and resources to Chinese entrepreneurs.
The Malaysian government will allocate MYR2 billion ($478 million) to a co-investment scheme that will match investments made in the country by private equity and venture capital funds.
Large-cap GPs are setting their sights on listed companies, with healthcare, education and technology top of the list
Chinese online retailer LightInTheBox has agreed to acquire Southeast Asian e-commerce operator Ezbuy for $85.55 million through a share swap.
Growth stage technology deals have retained a strong following in 2018, but elsewhere in Chinese private equity the mood is more somber
Electrify, a Singapore-based energy marketplace based on blockchain technology and backed by Japan’s Global Brain, has raised an investment of undisclosed size from TEPCO Frontier Partners, an incubator sponsored by Tokyo Electric Power (TEPCO).
Intel Capital has led an investment of undisclosed size in Huiyi Huiying, a Chinese medical imaging technology developer that uses artificial intelligence (AI).
Investors see potential in India as valuation concerns ease, but exits and the macro picture present challenges in the short term
Germany’s BASF Venture Capital has agreed its first direct investment in China with a commitment of undisclosed size to 3D printing company Prismlab.
Jungle Ventures has joined UK-based venture capital firm Lakestar to lead a $29 million Series A round for Engineer.ai, a developer of artificial intelligence (AI)-enabled software development tools.