Technology
PE-backed consortium withdraws take-private bid for China's Momo
An investor consortium that includes several private equity firms has withdrawn their take-private offer for Chinese mobile dating app Momo.
China online finance site Lancai raises $24m
Chinese online finance platform Lancai.com has raised a RMB180 million ($27 million) Series B round of funding led by Leshi Internet Information & Technology, also known as LeEco. Existing investor Legend Capital also participated.
India's Scale Ventures buys Guerrilla Ventures portfolio
Scale Ventures, a recently launched Indian venture capital firm, has acquired the portfolio of seed-stage investor Guerrilla Ventures.
China state asset manager launches $30b VC fund
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China B2B food products platform secures $18m
You Pei Liang Pin, a Chinese B2B online food products supplier, has raised a RMB120 million ($18 million) funding round led by PE-backed online fresh-food retailer Yiguo and Chinese conglomerate GMK Group.
Deal focus: Bringing beauty to the masses
GGV expands its support of China's beauty-focused online commerce platforms with an investment in Xiao Hong Chun
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Deal focus: NextVR takes live VR worldwide
US-based virtual reality broadcaster NextVR raises $80 million for expansion, mostly from Asian investors
Chinese consortium further scales back Opera deal to $575m
A PE-backed Chinese consortium has agreed to scale back its ongoing acquisition of the web browser business of Norway’s Opera Software to a value of $575 million. It follows a renegotiation earlier this year that agreed a $600 million deal as an alternative...
Tencent, Foxconn lead $175m round for India's Hike
Chinese internet giant Tencent Holdings and manufacturer Foxconn Technology Group have led a $175 million funding round for Indian mobile messaging app Hike.
China Post backs ride-hailing app Didi Chuxing
Didi Chuxing, China’s largest ride-hailing app operator which is set to acquire its rival Uber China, has received a strategic investment from China Post, a state-owned enterprise operating the official postal service in the country.
Tencent leads round for China's VC-backed Keep
Tencent Holdings has led an undisclosed Series C+ round of funding for Chinese fitness app operator Keep.
China's K2VC closes $150m growth-stage RMB fund
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
SoftBank leads $62m investment for India's Oyo
Indian budget hotel booking app Oyo has raised a INR4.1 billion ($62 million) funding round from existing investor SoftBank Group.
Australia's Atomo gets $3.5m from Bill Gates-backed fund
A US-based healthcare fund backed by Microsoft founder Bill Gates has led a A$4.5 million ($3.5 million) investment round in Australian medical technology company Atomo Diagnostics.
China's Douyu TV raises further $226m
Douyu TV, a Chinese online platform that features live videos of people playing games, has raised a RMB1.5 billion ($226 million) Series C round of funding led by Phoenix Investments and existing investor Tencent Holdings.
Indian energy company launches $15m incubator
Oil and Natural Gas Corporation (ONGC), an energy sector supplier under the Indian government, has launched a INR1 billion ($15 million) venture fund to promote entrepreneurship in the struggling local fuel industry.
China smart bike maker Tsinova raises $23m
Tsinova, a Chinese smart bicycle manufacturer, has closed a RMB150 million ($23 million) Series B round led by THG Ventures, a venture capital firm backed by state-owned Tsinghua Holdings.
Australia's Square Peg in $17m round for UpGuard
Australian VC firm Square Peg Capital has contributed to a $17 million Series B round for UpGuard, a Sydney-founded cybersecurity start-up now headquartered in the US.
MDI leads funding round for Singapore's Red Dot
Metra Digital Innovation Ventures (MDI), the corporate venture arm of state-controlled telecommunications firm Telkom Indonesia, has led a funding round for Singapore-based online payment solutions provider Red Dot Payment.
Norwest leads $15m Series B for India, US-based Zenoti
Norwest Venture Partners has led a $15 million Series B round of funding for Zenoti, an India-founded and US-headquartered software provider for the spa and wellness industry.
India's WestBridge leads round for healthcare big data start-up
WestBridge Capital Partners has led a $15.6 million Series A round of funding for Innovaccer, a healthcare-focused IT outsourcing start-up with bases in Palo Alto and New Delhi.
China Huace invests $64m in VC-backed Xiao Hong Chun
China Huace Film & TV has acquired a 35% stake in Xiao Hong Chun, a Chinese VC-backed video e-commerce platform, for $63.85 million.
Malaysia-based FirstFloor invests in Skeleton Technologies
Malaysian VC firm FirstFloor Capital has led a EUR13 million ($14.5 million) Series C round for Estonian energy storage system developer Skeleton Technologies to support its growth plans in Southeast Asia.