Technology
Innotech targets Asia with US marketing acquisition
Shanghai-based Innotech Capitals, a PE arm of Innotech International Group specializing in advertising technology, has acquired US data aggregation platform Ad-Juster with a view to helping the company expand into Asia.
Portfolio: EQT Partners and Australia's I-Med
When EQT Partners acquired Australia-based I-Med Radiology Network, the company had spent years in the hands of different creditors. The GP had to restore confidence internally and drive long-term growth
China tech players in SE Asia: Strategic outpost
Chinese internet companies increasingly see Southeast Asia as a market that can help counterbalance slowing growth back home. For certain business models, it is an expensive and time-consuming process
India's Practo gets $55m round led by Tencent
China's Tencent Holdings has led a $55 million Series D round for Indian clinic management software and doctor search portal developer Practo.
China's Shiji acquires VC-backed analytics start-up
Beijing Shiji Information Technology, a big data services provider for hotels, has acquired a majority stake in US-based ReviewPro, a VC-backed company with a suite of complementary products.
China AI start-up Moran Cognitive raises $10m from VCs
Moran Cognitive Technology, a China-based artificial intelligence (AI) start-up, has received $10 million in a funding round co-led by Matrix Partners China and Source Code Capital.
Nexus leads $5m Series A for India's Zolo
Nexus Venture Partners has led a $5 million Series A round of funding for Indian managed accommodation platform Zolo.
China’s CreditEase reaches $32m first close on Israel VC fund
Chinese asset manager CreditEase Wealth Management has reached a first close of $32.2 million on its second Israel-focused venture capital fund.
China used car trading platform Uxin raises $500m
Chinese used car trading platform Uxin has raised $500 million in a new round of funding led by TPG Growth, Jeneration Capital and China Vision Capital.
Japan's Polaris exits Clean Surface Technology
Japan-based Polaris Capital has sold its 100% stake in domestic electronics supplier Clean Surface Technology (CST) to coal mining company Mitsui Matsushima for JPY4 billion ($35 million).
India's Unacademy raises $4.4m Series A round
Blume Ventures and Nexus Venture Partners have led a INR300 million ($4.4 million) Series A round of funding for Indian free-to-use learning platform operator Unacademy.
Tencent leads $40m round for China CRM platform Xiaoshouyi
Xiaoshouyi, a China VC-backed customer relationships management (CRM) platform, has raised a RMB280 million ($40 million) Series D round of funding led by Tencent Holdings.
Capital Today leads $100m round for China Q&A platform Zhihu
Capital Today has led a $100 million Series D round of funding for Zhihu, a Chinese question-and-answer platform similar to US-based Quora.
TPG targets up to $4.5b for seventh Asia fund
TPG Capital is seeking between $4 billion and $4.5 billion for its seventh pan-Asian fund, having closed the previous vehicle at $3.3 billion in 2014 after a challenging two-year-plus process.
Apax sells 48% stake in GlobalLogic to CPPIB
Apax Partners has sold a 48% stake in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs and which continues to have a sizeable presence in the country, to Canada Pension Plan Investment Board (CPPIB).
Singapore's Marvelstone launches venture arm
Singapore-based private investment group Marvelstone has launched a venture capital arm that will focus on companies developing smart city technologies.
Deal focus: Magento targets evolving online retailers
Hillhouse Capital commits $250 million to e-commerce software provider Magento, joining forces with existing backer Permira in order to help the company realize its growth potential in Asia
East Ventures raises $27.5m for SE Asia fund
Singapore-based East Ventures has raised $27.5 million for a fund that will invest in early-stage technology companies in Southeast Asia.
4Q analysis: Big ticket bias
Ausgrid deal obscures weak investment environment; fundraising returns to normal after state-backed blitz; China’s IPO market is on the mend, but public market problems undermine Asia exits
India's university incubators: Learning curve
Campus incubators intended to channel entrepreneurial talent at Indian universities into competitive start-ups have a patchy track record. VC investors must consider what this means for early-stage deal flow
China’s Xianghe Capital leads $30m Series B for Lalamove
Hong Kong-based delivery start-up Lalamove has raised a $30 million Series B round of funding led by Xianghe Capital, a China-focused VC fund set by a former Baidu executive.
India's VC-backed PropTiger, Housing.com agree merger
VC-backed PropTiger and Housing.com have agreed to a merger that will establish India’s largest online realty company.
China cloud computing player EasyStack raises $50m
EasyStack, a Beijing-based cloud platform and services provider, has completed a $50 million Series C round of funding led by CASH Capital.
China cross-border e-commerce player gets $58m Series C
Shenzhen Youkeshu Technology, a Chinese B2B services provider that targets at cross-border e-commerce platforms, has completed a RMB400 million ($56 million) Series C round of funding led by Founder H Fund and CITIC Goldstone Investment.