Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
Indian travel services platform Yatra Online, which has several VC investors, has agreed to an acquisition by software and e-commerce services provider Ebix at an enterprise valuation of $337.8 million.
Visa has confirmed its participation in an ongoing Series F round for Indonesia-based ride-hailing and online services platform Go-Jek that had raised about $1 billion as of February.
Orum Therapeutics, a Korean biotechnology developer targeting cancer and rare diseases, has secured a $30 million Series B round from a group including IMM Investment and InterVest.
Vietnam’s VinaCapital has acquired the operations of Singapore financial technology platform Smartly for an undisclosed sum.
Chinese game live-streaming platform Douyu International Holdings closed flat on its first day of trading on NASDAQ following a $775 million IPO – the largest US offering by a Chinese company this year.
Sequoia Capital China and Eastern Bell Venture Capital have led a RMB250 million ($36.3 million) Series A round for Lichuang Mall, a Chinese B2B online trading platform that specializes in electronic components.
Near, a Singapore-based artificial intelligence (AI) services provider that supports enterprise analytics, has raised $100 million from UK private equity firm Greater Pacific Capital.
Gobi Partners has joined Teleport, the cargo and logistics platform of AirAsia, to commit $10.6 million in Series B funding to Malaysia-based e-commerce logistics and parcel delivery service EasyParcel.
Chinese cloud-based robotics developer CloudMinds has filed for an IPO in the US with a view to raising up to $500 million.
With $850 million in dry powder to deploy from its second US dollar-denominate fund, China’s Genesis Capital is targeting Series C and D rounds for start-ups on the cusp of greatness
Igloohome, a Singapore-based smart city supplier for enterprises in real estate and infrastructure, has raised a $15 million round co-led by Wavemaker Partners, Insignia Ventures Partners, and Seeds Capital.
Private equity and venture capital firms are seeking investments that target China’s lower-tier cities, which continue to see rapid consumption growth despite the economic slowdown at national level.
Ping An Insurance has made a strategic investment in iTutorGroup, a Chinese online education platform that previously raised four rounds of funding, the most recent at a valuation of $1.6 billion.
Chinese early-stage investor Plum Ventures has closed its fifth angel fund with RMB532.5 million ($77.4 million) in commitments, taking its total assets under management to RMB3 billion.
Singapore-based healthcare platform Novena Global Lifecare has completed a $350 million merger with Xingkedou, a VC-backed Chinese hair salon operator that specializes in fast turnaround services.
Fosun RZ Capital, the VC arm of Fosun, has led a Series C round of undisclosed size for Singapore-based theAsianparent, which claims to be Southeast Asia’s largest mother-and-child online platform.
Tiger Global Management and Sequoia Capital have led a $60 million funding round for India-based business-to-business (B2B) industrial goods marketplace Moglix.
Warburg Pincus and SAIF Partners have led a $65 million Series E commitment to Indian technology-enabled logistics operator Rivigo.
Annual divestments by Singapore’s Temasek Holdings exceeded investments for only the second time in a decade against a backdrop of challenging market conditions and weaker returns.
GGV Capital has co-led a $150 million Series C investment in Chinese industrial robotics maker Geek+ alongside US hedge fund investor D1 Capital Partners.
Samsung Ventures has made its first Indian investments, committing $8.5 million across four local start-ups.
Indian educational technology developer Byju’s has raised $150 million in a funding round led by Qatar Investment Authority, the sovereign wealth fund of Qatar.