Technology
Hong Kong's Klook gets $60m Series C
Sequoia Capital China, Goldman Sachs and Matrix Partners have co-led a $60 million Series C funding round for Hong Kong-based travel services company Klook.
Toshiba shareholders approve $18b TMC sale to Bain consortium
The shareholders of Japanese conglomerate Toshiba Corporation have approved the sale of the company’s Nand flash memory unit Toshiba Memory Corporation (TMC) to a consortium led by Bain Capital for JPY2 trillion ($17.6 billion).
Deal focus: Vingoo to broaden its fresh offering
Chinese fresh orange juice vending machine maker Vingoo is planning national expansion with a Series B round led by Legend Capital and Joy Capital
Samsung, Ant Financial back China’s DeePhi Tech
Samsung Electronics and Ant Financial have jointly led a $40 million extended Series A round for DeePhi Tech, a Chinese artificial intelligence (AI) technology developer. China Merchants Venture Capital and China Growth Capital also took part.
PE-backed China online marketing player files for US IPO
China-based online digital marketing business iClick Interactive Asia, which is backed by Bertelsmann Asia Investments (BAI) and SSG Capital Partners, has filed for an IPO in the US.
Deal focus: Hua Juan leverages celebrity selling power
China's Hua Juan plans to use a new investment led by Sinovation Ventures to grow its personality-based online advertising model
Home automation: Digital digs
Home automation has graduated from a hobbyist niche to a sprawling, multifaceted consumer market that mobilizes a suite of cutting-edge technologies. Asian investors are identifying the early entry points
Chinese financial products platform files for US IPO
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
China's VC-backed Xing Bian Li acquires industry peer
Shanghai-based Xing Bian Li, a VC-backed new retail company that integrates online and offline channels, has acquired industry counterpart 51 Snackbar.
US-Philippines blockchain player gets $16m Series B
A group of Asian and North American venture investors have backed a $16 million Series B round for Abra, a US financial technology company test marketing blockchain-based services in the Philippines.
SE Asia's Sea hikes IPO price, raises $884m
Singapore-headquartered mobile internet and gaming platform Sea has raised $884 million in its US IPO after increasing the offer price and size.
China’s Segway & Ninebot raises $100m Series C
China-based electric scooter manufacturer Segway & Ninebot Group - previously known as Ninebot - has raised a $100 million Series C round from the Chinese state-backed SDIC Fund and a fund owned by China Mobile.
Southeast Asia's Grab gets $700m in debt funding
Southeast Asian ride-hailing app operator Grab has secured debt facilities of up to $700 million from leading global and regional banks.
Jungle hires former Tencent executive
Jungle Ventures has appointed Grace Xia (pictured, center), formerly senior director of corporate strategy and development at Tencent Holdings, as a principal on its investment team.
SparkLabs launches $100m blockchain fund
SparkLabs Group has launched a $100 million early-stage venture capital fund that will focus on blockchain and cryptocurrency investments globally.
Intel Capital announces China, Japan investments
Intel Capital, the captive VC arm of Intel Corp, has invested in technology start-ups from China and Japan as part of a $60 million overall investment in 15 companies worldwide.
China's Meituan-Dianping raises $4b in new round
Meituan-Dianping, China's largest online-to-offline (O2O) local services platform, has raised $4 billion in a Series C round of funding led by existing investor Tencent Holdings.
INCJ, Konica Minolta acquire Ambry Genetics for $1b
Innovation Network Corporation of Japan (INCJ) and imaging giant Konica Minolta have completed a $1 billion joint acquisition of US-based Ambry Genetics, with a view to growing the company in Japan.
PE-backed NZ cricket platform goes into receivership
CricHQ, a cricket-focused online platform based in New Zealand and backed by Singapore-based Tembusu Partners, has been placed in receivership.
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.
Sinovation leads $40m Series B for China's Hua Juan
Sinovation Ventures has led a $40 million Series B round for Chinese e-commerce and online video platform Hua Juan.
China's Qudian gains on debut after $900m US IPO
Qudian, a VC-backed Chinese micro-lending services provider, closed up 22% on its New York Stock Exchange debut, following a $900 million IPO.
Fund focus: Vickers prepares to narrow its focus
Vickers Venture Partners raised $230 million for its latest VC fund on the back of a strong track record, but the firm's future vehicles are likely to have more specific remits
Legend, Joy Capital lead $60m for China's Vingoo Juice
Vingoo Juice, a Shanghai-based start-up that develops fresh orange juice vending machines, has raised a RMB400 million ($60 million) Series B round jointly led by Legend Capital and Joy Capital. Yunqi Capital also took part.