Technology
China’s Kingsoft Cloud gets extended Series C round
Kingsoft Cloud Group, a cloud computing unit owned by China’s Kingsoft, has raised $48.9 million in an extended Series C round of funding from China Merchants Securities and its parent company.
China tech group launches Israel innovation fund
Chinese tech company Kuang-Chi has launched an Israel-based global innovation fund and is targeting a corpus of $300 million within the next three years.
Gree, GMO in $4.6m round for Japan's Sorabito
Sorabito, the Japanese operator of an online marketplace for heavy machinery, has received JPY500 million ($4.6 million) from investors including Gree Ventures and existing backer GMO Venture Partners.
Deal focus: Farfetch carves luxury niche in Asia
Now valued at $1.5 billion, PE-backed e-commerce marketplace Farfetch is said to appeal to brands that are beyond the reach of Amazon and Alibaba Group. It plans on bringing more of them to Asia
Taiwan's ACT Genomics gets $12.5m Series B round
Hotung Group and CDIB Capital has led a $12.5 million Series B round of funding for ACT Genomics, a Taiwan-based company that provides information to cancer treatment specialists.
DCM China co-founder Ruby Lu joins H Capital
Ruby Lu, co-founder and general partner at DCM China, has joined H Capital, a China-focused venture capital firm founded by Xiaohong Chen, ex-China managing partner at Tiger Global Management.
Paypal launches fintech incubator in Singapore
PayPal has launched an incubation program in Singapore that will offer infrastructure, mentorship and direction to local financial technology start-ups. It will begin operations in June.
Qihoo 360, CSRC speak out on backdoor listings
China's Qihoo 360 Technology, which is currently involved in a take-private deal worth $9.3 billion, has denied rumors that it held discussions with regulators over a potential domestic back-door listing.
India's Titan buys Tiger-backed Caratlane
Indian jeweler and watchmaker Titan has bought a majority stake in online jewelry retailer Caratlane, providing an exit for its backer Tiger Global Management.
Baring Asia buys 35% stake in Telus International
Baring Private Equity Asia has agreed to buy a 35% stake in Telus International, the business process outsourcing (BPO) arm of Canadian telecom company Telus, at a post-deal valuation of C$1.2 billion ($930 million).
SBCVC, New Horizon lead $119m round for China fashion site
SBCVC and New Horizon Capital have led a RMB1 billion ($119 million) Series C round for Chuchujie, a Chinese mobile e-commerce platform.
New Horizon leads new round for Hong Kong's GoGoVan
Hong Kong app-enabled logistics start-up GoGoVan has completed a Series C round led by New Horizon Capital. Financial terms were not disclosed.
Snapdeal buys India's Nexus-backed TargetingMantra
Indian e-commerce giant Snapdeal has bought e-commerce personalization and analytics service TargetingMantra for an undisclosed amount.
Online retailer Farfetch raises $110m for Asia expansion
Farfetch, a UK-based high-end online fashion retailer, has raised a $110 million Series F round led by new investors Temasek Holdings, China-based IDG Capital Partners and French investment firm Eurazeo.
China's Lenovo launches $500m corporate VC fund
Chinese computer manufacturer Lenovo Group has launched a $500 million corporate VC fund to invest in technology start-ups.
IFC leads $60m round for India's Lenskart
The International Finance Corporation (IFC) has led a INR4 billion ($60 million) Series D round of funding for Indian online eyewear retailer Lenskart.
India's Mobikwik raises $50m in Series C funding
India-based mobile wallet developer Mobikwik has raised $50 million in a Series C round of funding led by Japanese internet company GMO, Taiwan-based semiconductor manufacturer MediaTek, and existing backer Sequoia Capital.
Deal focus: VCs back founder’s hardware pivot
Mengqiu Wang shelved his mobile app start-up to pursue a longstanding interest in smart robotics. With backing from several VC investors, Zero Zero Robotics' Hover Camera is now nearing commercial launch
Deal focus: Wongnai eyes expansion, then Thailand IPO
InVent's commitment to Wongnai represents the first-ever Series B round for a Thai start-up from a local VC firm. The company wants to use its dominant position in online restaurant reviews to enter other verticals
Deal focus: RayVio targets China’s water problems
RayVio has found a way to use ultraviolet LED technology in disinfection - and produce high-quality products at scale. IPV Capital and Tsing Capital will help the company grow its China business
Thailand VC: Tough nut to crack
As Thailand’s government signals its intention to embrace venture capital, the harder but less visible work of transforming a traditionally risk-averse culture grinds on
China tech down rounds: Down and out?
While down rounds are increasing in frequency among US-based start-ups, the phenomenon has yet to take root in China. Desperation, dirty term sheets and willing investors are delaying the inevitable
DFJ sells India assets to NewQuest
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
Mayfield raises $525m across two global funds
US-based venture capital firm Mayfield has raised $525 million in capital across two global investment funds.