Technology
India-China regulation: Punching bag
Chinese venture capital investors have become an increasingly significant presence in India’s venture capital ecosystem, but a recent regulatory reform calls their participation into question
Tribe Capital leads $13m round for Indian logistics aggregator
Shiprocket, an Indian logistics aggregator that primarily solves shipping needs of small businesses, has raised $13 million in a funding round led by US VC firm Tribe Capital.
AirTree backs Australia property intelligence platform
AirTree Ventures has led a A$6 million ($3.9 million) Series A round for Archistar, an Australian online property platform that allows users to click on blocks of land and see what can be built.
Sunshine Life leads Series C-plus for China's Huisuanzhang
Huisuanzhang, a Chinese finance and tax management software developer, has raised $60 million in an extended Series C round of funding led by Sunshine Insurance Group. Existing investors Gaocheng Capital, Xiaomi and Swift Hover re-upped.
Korea's Kurly raises $164m Series E
Kurly, operator of Korean grocery delivery platform Market Kurly, has raised KRW200 billion ($164 million) Series E round from a group of domestic and international VCs.
Virtual realism: Realizing investments remotely
Does Capricorn Capital's recent acquisition of a Hong Kong corporate services business, which was negotiated and transacted via Zoom, represent the future of dealmaking? Only if due diligence processes are uncompromised
Chinese enterprise start-up WakeData gets $10m Series B
Chinese digital enterprise services provider WakeData has raised $10 million in Series B funding led by Redpoint China Ventures and Sequoia Capital China. Other investors include IDG Capital.
SummitView leads $99m round for China's Enflame
Enflame Technology, a Chinese artificial intelligence (AI) technology developer that provides deep learning solutions for data centers, has raised RMB700 million ($99 million) in Series B funding led by Summitview Capital.
Vista Equity to invest $1.5b in Reliance's India app platform
US-based Vista Equity Partners has agreed to invest INR113.67 billion ($1.5 billion) for a stake in Jio Platforms, a holding company for Indian internet and telecom assets, including Reliance Jio Telecom.
China enterprise software: PaaS vs SaaS
Platform-as-a-service has become the flavor of the month in China’s software industry, but there can be a big difference between what start-ups are and what they claim to be
Deal focus: Oriente’s plastic alternative
Well-capitalized though not immune to COVID-19 disruption, Indonesia and Philippines-focused online lender Oriente is waiting for the market to get back to normal
China car trading platform Chehaoduo raises $200m
Chehaoduo, a Chinese online auto services provider that runs used car trading platform Guazi and new car trading platform Maodou, has raised $200 million in an extended Series D round from SoftBank Vision Fund and Sequoia Capital China.
Cashlez gains on debut after Indonesia IPO
Indonesian mobile point-of-sale solution provider Cashlez - a portfolio company of Mandiri Venture Capital - traded up on debut following an IDR87.5 billion ($5.7 million) domestic IPO.
Q&A: Viola Ventures' Ronen Nir
Ronen Nir is a general partner at Viola Ventures, an early-stage technology investor under Israel’s Viola Group looking to expand its presence in Asia
China chip maker ASR hits $1.6b valuation at Series D
ASR Microelectronics, a Shanghai-based manufacturer of chips for use in consumer electronics, has closed an extended Series D round of $119 million. The company is now valued at more than $1.6 billion.
China's Kingsoft Cloud files for US IPO
Kingsoft Cloud, China’s largest independent provider of cloud-based IT services, has filed to list in the US. Kingsoft Corporation and Xiaomi, the two largest shareholders, have indicated they will commit $75 million to the offering.
Indonesia's GudangAda gets $25m Series A
Indonesian B2B e-commerce platform GudangAda has raised $25.4 million in a Series A round led by Sequoia Capital India and Alpha JWC Ventures.
CLSA acquires Japan IT services provider
CLSA Capital Partners (CLSA CP) has acquired a majority stake in Japanese IT services provider Earth Technology for an undisclosed sum.
Silver Lake to invest $750m in Reliance's India app platform
Silver Lake Partners has agreed to invest INR56.5 billion ($750 million) for a stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.
Beenext leads $13m Series B for Indian logistics platform
Indian logistics platform LoadShare Networks has raised INR1 billion ($13.2 million) in a Series B round led by Beenext.
Starbucks to work with Sequoia on China investments
Sequoia Capital China has teamed up with Starbucks to make strategic investments in next-generation food and retail technology companies in the country.
Japan's Jafco raises $67m for debut Taiwan fund
Japanese VC firm Jafco has closed its debut Taiwan fund at approximately NT$2 billion ($67 million) with backing from the National Development Fund of Taiwan and several financial institutions.
Warburg Pincus, General Atlantic back privatization of China's 58.com
Warburg Pincus and General Atlantic have thrown their support behind Ocean Link’s proposed $7 billion privatization of 58.com, China’s leading online classifieds marketplace.
Hong Kong’s PE-backed Oriente raises $50m
Oriente, a Hong Kong-headquartered financial technology start-up, has raised $50 million in a round led by Peter Lee, the co-chairman of local property developer Henderson Land.