Technology
VCs to exit China job site as Meitu buys majority stake
Northern Light Venture Capital (NLVC), SBCVC and Hotung Venture Group will exit Chinese online recruitment platform Dajie.com after Meitu agreed to buy a majority stake in the business. The valuation of $88.4 million represents a small premium to the...
IDG-backed Superdata files for Hong Kong IPO
Superdata Software, a Chinese enterprise management software provider that has been backed by different IDG Capital entities for more than 20 years, has filed for an IPO in Hong Kong.
Tencent invests $125m in Chinese online comic platform
Tencent has invested $125 million in Kuaikanmanhua, a China-based publishing platform for comics. This is the company’s fifth round of funding in four years.
Everstone invests in India's Translumina
The Everstone Group has invested in Translumina Therapeutics, a global manufacturer of medical devices based in India.
Grab commits $500m to Vietnam tech ecosystem
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to invest $500 million in Vietnam’s technology ecosystem in the next five years.
Chinese calligraphy tuition platform raises $28m
Hexiaoxiang, a Chinese online education service that teaches calligraphy to kindergarten and primary school children, has closed a Series B funding round worth RMB200 million ($28 million).
India payments player BharatPe raises $50m Series B
US-based Ribbit Capital and UK-based Steadview Capital have co-led a $50 million Series B round for BharatPe, a digital payment services provider for Indian offline businesses.
KKR joins round for Chinese online education platform
KKR and GGV Capital have led a $85 million funding round for Huohua, a Chinese online education platform specializing in mathematics and science.
PE-backed Chinese AI player Megvii files for HK IPO
Megvii Technology, best known for its Face++ platform, is set to become the first Chinese artificial intelligence (AI) company to list in Hong Kong.
CITIC joins $34m round for Japanese e-commerce platform
CITIC Capital has participated in a JPY3.6 billion ($34.1 million) funding round for Active Sonar, operator of Reclo, a Japanese online re-selling platform for luxury brands.
Fosun invests $18m in Chinese pet services player
Fosun Group has agreed to invest RMB130 million ($18.4 million) in Pet Doctor, a Chinese one-stop pet services platform that supplies everything from software for pet hospitals to consultations for pet owners.
Japan's JPIC backs $33m round for Atonarp
Japan Post Investment Corporation (JPIC) has backed a $33 million Series C round for Atonarp, a Tokyo-based molecular diagnostics systems developer that uses artificial intelligence (AI).
Qiming's J.P. Gan reaches first close on spin-out fund
J.P. Gan (pictured), who spent 12 years with Qiming Venture Partners before striking out on his own earlier this year, has reached a first close of $163 million on his debut China fund.
Chinese e-commerce sourcing partner xyb2b gets $100m
Xyb2b.com, a B2B platform that helps Chinese e-commerce companies source products from overseas, has completed an extended Series B round of funding worth $100 million.
Ant Financial, Primavera back Chinese vending machine provider
Beijing Ubox Online Technology, a Chinese vending machine manager, has received RMB1.6 billion ($226 million) in funding from Ant Financial Services Group and Primavera Capital Group.
Singapore-based Play closes debut gaming fund at $40m
Play Ventures, a Singapore-based VC firm focused on gaming start-ups in Europe, Asia, and North America, has closed its debut fund at $40 million.
Deal focus: India AI player Uniphore eyes post-call center world
Fresh from raising a $51 million Series C round, Uniphore's founder argues that artificial intelligence will become as much about quality of engagement as back-end efficiency
GP profile: Legend Capital
Legend Capital has absorbed lessons from its corporate sponsor to build a diversified investment business across the US dollar and renminbi spaces. It is now trying to take LP relations to a new level
Sodexo Ventures backs China catering platform
Sodexo Ventures, the venture capital arm of French food and facilities management services conglomerate Sodexo, has made its second investment in China, committing an undisclosed amount to technology-enabled catering service Meican.
Japan edge computing specialist gets $7.8m
Global Brain has led a $7.8 million round for Idein, a Japanese technology developer focused on systems for device-level data processing, also known as edge computing.
Tencent re-ups in China B2B trading platform Yijiupi
Tencent Holdings has invested $80 million in Yijiupi, a China-based online B2B trading platform that is looking to continue its expansion from liquor into other consumer goods categories.
Chinese hotel marketing platform receives $42m
Zhiketong – a WeChat-based direct sales and marketing service for high-end hotels – has completed its Series C round, having raised RMB300 million ($42.5 million) across three tranches.
Japanese space robot developer gets Series A round
Gitai, a Japanese start-up that is developing robots that can replace astronauts on low-orbit space missions, has raised $4.1 million in Series A funding.
China's Ping An joins $72m round for US AI player
China’s Ping An Insurance has co-led a $72.5 million Series D round alongside Goldman Sachs for US artificial intelligence (AI) developer H2O with a view to expanding its Asian operations.