Technology
Tencent leads $80m round for China's Miaoshou Doctor
Tencent Holdings has led a RMB500 million ($80 million) Series C round for Miaoshou Doctor, a China-based healthcare services provider.
CDPQ to invest in India's Fundamentum
Caisse de dépôt et placement du Québec (CDPQ) will commit $20 million in a fund managed by India-focused VC firm The Fundamentum Partnership.
Alibaba to acquire China's Ele.me at $9.5b valuation
Alibaba Group has agreed to acquire all the remaining shares of Ele.me, a Chinese food delivery platform backed by several private equity investors, in a transaction that values the company at $9.5 billion.
China's Bilibili completes $483m US IPO
Bilibili, a VC-backed Chinese animation streaming platform, ended its first day of trading on NASDAQ slightly below its IPO price following a $483 million offering.
VCs back $60m round for US, China-based Singlera Genomics
Chinese VCs Green Pine Capital Partners and Prosperico Ventures have led a $60 million Series A investment in US and China-based cancer diagnosis specialist Singlera Genomics.
Fund focus: CIC fund sees upside in trade chaos
A China-Europe cross-border VC fund backed by CIC plans to back technology companies positioned to benefit from new trade dynamics
VCs invest $15m in Australian space, IoT start-up
Myriota, an Australian space technology company focused on orbital internet-of-things (IoT) connectivity systems, has closed a $15 million Series A round led by Main Sequence Ventures and Blue Sky Venture Capital.
India's PE-backed Atria files for IPO
Indian broadband service provider Atria Convergence Technologies has filed for an IPO that will provide partial exits for its PE backers TA Associates and True North.
Sequoia leads $50m round for China's Adagene
Sequoia Capital China has led an oversubscribed $50 million Series C funding round for Chinese biotechnology company Adagene.
China's Hua Medicine gets $117m
Hua Medicine, a Chinese clinical-stage biotechnology company, has closed a combined Series D and Series E funding round at $117.4 million with support from a group of VCs.
Deal focus: SBI helps Japan AI player smarten up the road
SBI Investments backs a Japanese start-up focused on improving decision-making technology in self-driving cars
Cathay launches $239m China smart energy fund
Cathay Capital Private Equity has launched a fund with a targeted corpus of RMB1.5 billion ($239 million) for investment in emerging technologies and business models in the Chinese energy sector.
China unicorn total surpasses 160
China had 164 unicorns worth a collective $628.4 billion at the end of last year, a government report stated, as the prospect of A-share listings by domestic internet companies was once again raised.
China B2B consumer goods distribution platform raises $33m
Zskuaixiao, a China-based business-to-business (B2B) consumer goods distributing platform, has completed a RMB205 million ($33 million) Series B round led by warehouse operator Global Logistics Properties (GLP) and Longzhu Capital – a corporate investment...
Australia virtual data room provider gets $18.5m
Australia’s Ellerston Capital has led a A$24 million ($18.5 million) Series A round for Ansarada, a domestic business services company that provides virtual data rooms and artificial intelligence-enabled due diligence.
Australia's Five V agrees marketing carve-out
Five V Capital, an Australian GP established by Adrian MacKenzie, formerly a managing partner at CVC Capital Partners, has agreed to buy the contact center business of market services company Salmat for A$53 million ($41 million).
China's VC-backed 51 Credit Card files for HK IPO
Chinese online credit card management platform 51 Credit Card, which is backed by a handful of VC and strategic investors, has filed for a Hong Kong IPO.
PE-backed Grab to buy Uber's Southeast Asia operation
Grab, a private equity-backed ride-hailing platform headquartered in Singapore, has agreed to acquire the Southeast Asia operations of global rival Uber. It follows a similar arrangement struck two years ago between Didi Chuxing and Uber in China.
KKR media platform invests $80m in Singapore's GSC
Emerald Media, a pan-Asian media and entertainment platform backed by KKR, has invested $80 million in Global Sports Commerce (GSC), a Singapore-based sports technology and management business that has worked with groups such as the English Premier League...
Providence to exit Indonesia telecom tower business
Providence Equity Partners is set to exit its last investment in Asia outside of India after Profesional Telekomunikasi Indonesia (Protelindo) agreed to buy Indonesian telecom tower platform Komet Infra Nusantara (KIN) for IDR1.4 trillion ($101 million)....
China's CHJ Automotive raises $474m Series B
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers pares stake in China's Tencent
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei leads $25m Series B for US, China-based ScaleFlux
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.
Sinar Mas, East Ventures, Yahoo Japan form SE Asia fund
Indonesian conglomerate Sinar Mas Group, Singapore’s East Ventures and Yahoo Japan have teamed up to launch a $150 million venture capital fund targeting technology-enabled companies in Southeast Asia.