Technology
Bain buys India, US-based IT solutions player Brillio
Bain Capital Private Equity has agreed to acquire a majority stake in US and India-based enterprise technology services company Brillio at an undisclosed price.
4Q analysis: Defined by uncertainty
Korea comes to the fore as investment in China slows; venture capital and pan-regional players remain preeminent in Asia fundraising; IPO weakness reflects investor wariness
Singapore to help tech start-up IPOs
The Monetary Authority of Singapore (MAS) has created a program that will encourage technology start-ups to list in the territory.
Japan's Mitsui backs $100m VC fund in Israel
Japan’s Mitsui & Co has invested in Israel-based Magenta Venture Partners’ debut fund, which is targeting $100 million and to date backed entirely by Japanese corporates.
Fund focus: Lightspeed ends 2018 with a flourish
Lightspeed China Partners took just three months to raise $560 million for its fourth US dollar fund, which includes a $200 million sidecar for follow-on investments
Ping An, CITIC invest China's Airdoc
Ping An Insurance and CITIC Group have made a Series B investment of undisclosed size in Airdoc, a Chinese medical services company that uses artificial intelligence (AI).
US, China-based Apollomics raises $100m Series B
CMB International Capital, a private equity unit of China Merchants Bank, has led a $100 million Series B round for US and China-based biopharmaceutical developer Apollomics.
Sequoia leads $40m round for Indian edtech company
Sequoia Capital India has led a $40 million Series C funding round for Eruditus Executive Education, a developer of education technology based in India, with participation by existing investor Bertelsmann India Investments.
SunBridge exits Marketo's Japan JV to Adobe
SunBridge Partners, a US-based VC firm that helps companies access Japan, has exited its position in a Japanese joint venture (JV) with B2B cloud technology provider Marketo to Adobe.
China wearables player Nreal confirms $15m Series A
Nreal, a China-based company that makes advanced virtual reality glasses that resemble normal sunglasses, has raised $15 million in Series A funding from investors including Shunwei Capital.
Q&A: Grab's Ming Maa
Ming Maa, president of Grab, explains how the transformation of a taxi-hailing start-up into a diversified technology heavyweight reflects ongoing confidence in Southeast Asia’s economic future
Venture capital: The battle to be different
VC fundraising has been on a roll in Asia as managers raise larger sums to address fast-growing investment opportunities. GPs must consider what – and how much – makes them stand out from the crowd
Qihoo B2B software spin-out raises $132m
360 Enterprise Security, a Chinese B2B internet security software provider that spun-out from Qihoo 360, has closed a Series B round of funding worth RMB900 million ($132 million), achieving a valuation of RMB20.6 billion.
Aion acquires BPO arm of India's Interglobe
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has acquired Interglobe Technologies (IGT), the business process outsourcing (BPO) division of Indian travel conglomerate Interglobe Enterprises....
China Everbright closes global fund at $539m
China Everbright has reached a final close of $539 million on its cross-border investment fund, with the commitments coming from corporate investors, family offices, and fund-of-funds.
China biotech player Innocare raises $160m
China’s Loyal Valley Capital has led a $160 million funding round for Beijing Innocare, a biotechnology developer focused on immuno-oncology and autoimmune diseases.
Platinum to acquire Singapore's PCI for $150m
Platinum Equity has agreed to buy PCI, a Singapore-listed electronics manufacturer owned by local conglomerate Chuan Hup Holdings, for S$203 million ($150 million).
Sequoia, Blackbird join Series A for Australia's Baraja
Baraja, an Australia-based start-up developing guidance technology for autonomous vehicles, has raised a $32 million Series A round from investors including Sequoia China and Blackbird Ventures.
India's CarDekho secures $110m Series C
Indian online automobile marketplace CarDekho has raised $110 million in Series C funding from investors including Sequoia Capital India, Hillhouse Capital, CapitalG – an investment arm of Alphabet, parent of Google – and Axis Bank.
Advantech leads $55m round for China biotech player
Advantech Capital has led a $55 million Series B funding round for China’s Connect Biopharmaceuticals with support from Qiming Venture Partners.
Aflac invests $20m in PE-backed Singapore Life
US insurance giant Aflac has invested $20 million in Singapore Life, a digitally-focused financial technology start-up backed by UK private equity investor IPGL.
Lightspeed China closes US dollar fund at $560m
Lightspeed China Partners has closed its latest US dollar-denominated fund at $560 million. It is the largest fund raised by the firm to date and brings assets under management to $1.5 billion.
AVCJ Awards 2018: Exit of the Year - IPO: Pinduoduo
By making the shopping experience more enjoyable and efficient, Chinese social e-commerce player has achieved scale at breakneck speed. A bumper US public offering was its reward
Chinese online education start-up Yuanfudao raises $300m
Tencent Holdings has led a $300 million round of funding for Chinese online education start-up Yuanfudao, propelling the company to a valuation in excess of $3 billion.