Technology
IDG leads $60m round for US fintech start-up's China push
IDG Capital Partners has led a $60 million financing round for Circle, a US-based financial technology start-up seeking to build a blockchain-supported peer-to-peer payments system business in China.
SAIF commits $3.5m to India's FarEye
Indian logistics management software developer FarEye has raised a $3.5 million Series A round from SAIF Partners.
SoftBank names successor to Nikesh Arora
Japanese technology conglomerate SoftBank has named a successor to COO and President Nikesh Arora, who stepped down earlier this week.
China’s Poly Real Estate commits $380m to Didi via PE fund
Chinese state-owned Poly Real Estate Group has set up a private equity fund worth RMB2.5 billion ($380 million) to invest in Chinese leading ride-hailing app Didi Chuxing as part of its latest round.
Japan's SBI partners with Filipino VC
Japanese financial services company SBI Holdings has acquired a 35% stake in the venture arm of Investment & Capital Corporation of the Philippines (ICCP) with an aim to co-manage a VC fund.
Fund focus: Rising tide floats Golden Gate fund
Golden Gate Ventures has raised a new $60 million fund for investments in Southeast Asia's burgeoning mobile internet sector
Jafco leads $20m Series A in Singapore's Quoine
Jafco has led a $20 million Series A financing round for Quoine, a Singapore-based bitcoin trading platform.
SoftBank exits Finland's Supercell to Tencent in $10.2b deal
Tencent Holdings has agreed to buy a majority stake in Finland-based mobile game developer Supercell, allowing SoftBank to exit its entire holding in the company in a deal valuing it at $10.2 billion.
Indian government announces FDI liberalization
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
Tax law eased for Indian start-up investments
India's Central Board of Direct Taxes (CBDT) has implemented an exemption on income taxes for investments in some start-ups.
SAIF leads $12m round for India's ClearTax
SAIF Partners has led a $12 million Series A round for Indian online tax filing website ClearTax.
Lei Jun, CEO withdraw take-private proposal for China's YY
The chairman and CEO of YY, a VC-backed Chinese social networking platform, have withdrawn their take-private bid for the company. The move comes as regulators study the impact of overseas-listed companies re-listing domestically through IPOs, M&A and...
Sequoia leads $20m Series B for India's Voonik
Indian personalized fashion portal Voonik has raised a $20 million Series B round of funding led by existing investor Sequoia Capital.
Pavilion invests $5.8m in Japan’s Soracom
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has committed JPY600 million ($5.8 million) to Japanese internet-of-things (IoT) company Soracom.
Deal focus: AGIC boosts Gimatic’s global automation ambitions
Sino-European investor AGIC Capital has acquired Italy-based Gimatic with a view to boosting sales of the company's robotics components in Asia
India's Lok Capital reaches $40m first close on third fund
Indian venture capital firm Lok Capital has reached a first close of $40.5 million for its third fund, which is targeting a $100 million total corpus within 12-18 months.
China's Didi Chuxing raises $7.3b in equity, debt financing
Didi Chuxing, China’s leading ride-hailing app operator, has raised $7.3 billion in new funding, comprising $4.5 billion in equity and $2.8 billion in debt. The round is said to value the company in excess of $25 billion.
IBM launches Asia-focused tech accelerator in Singapore
IBM has launched an accelerator in Singapore that will help Asia Pacific start-ups commercialize blockchain technology and the cognitive computing system known as Watson.
Chinese consortium in $2.75b deal for NXP Semiconductors unit
NXP Semiconductors, a Dutch chip maker listed in the US, has agreed to sell its standard products business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital) and Wise Road Capital for $2.75 billion.
Golden Gate closes $60m SE Asia VC fund
Singapore-based Golden Gate Ventures has closed its second early-stage venture fund focused on Southeast Asia at $60 million.
H&Q leads $30m round for Chinese car rental site Huizuche
H&Q Asia Pacific has led a RMB200 million ($30 million) Series B round of funding for Huizuche.com, a Chinese car rental platform for outbound tourists.
Japan VC: Outbound ambition
Japanese start-ups are looking to address global markets from day one, but few domestic venture capital firms are equipped to support cross-border strategies. Corporate VCs could provide the solution
Singapore's CapitaLand launches VC unit
Singapore real estate developer CapitaLand has set up a dedicated VC unit – known as C31 Ventures – to support global tech start-ups. This comes after the company received funding under the early stage venture fund program (ESVF) to make investments...
US AR specialist Meta raises $50m for China expansion
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.