Technology
Uber China raises new funds at $7b valuation
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
Affinity set for over 6x return on Korea's Loen Entertainment - Update
Affinity Equity Partners is set for a more than 6x return on its investment in Loen Entertainment, the Korean equivalent of iTunes, following Kakao Corporation's agreement to buy a majority stake in the business.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
China's Ctrip invests $180m in India's MakeMyTrip
Ctrip, a listed travel services firm based in China, has agreed to invest $180 million in MakeMyTrip, India's largest online travel agency.
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.
Taiwan ITRI, Japan’s Mitsubishi UFJ launch VC fund
Taiwan’s Industrial Technology Research Institute (ITRI) and Japan’s Mitsubishi UFJ Financial Group have jointly set up a second venture capital fund with a target of NT$2.5 billion ($75 million).
Uber expects China to be bigger than US in 2016
Sam Gellman, general manager of Uber Hong Kong, says the ride-hailing company expects China to be an even bigger market for it than the US in the next year.
VIDEO: Khosla Ventures' Andrew Chung
Popular belief in the US that China is playing catch-up or copycat on technology is misguided, according to Andrew Chung, a managing partner at Khosla Ventures, who claims to see incredible amounts of innovation taking place in the country
VC-backed SE Asia e-commerce sites to merge
Moxy and Bilna, two VC-backed Southeast Asia e-commerce sites focused on female customers, have agreed to merge.
China entertainment news app secures $15m
France-based Ventech Capital has led a $15 million Series B round of funding for Happy Juzi, a Chinese entertainment news portal.
SIDBI leads $3m Series A for India's Mycity4kids
SIDBI Venture Capital has led a $3 million Series A round for Indian online parenting portal Mycity4kids, with participation by existing investor YourNest Angel Fund.
India's Nexus re-ups in Blueshift for $8m Series A
Nexus Venture Partners has participated in an $8 million Series A round for portfolio company Blueshift, a US-based automated marketing solutions provider. The round was led by Storm Ventures.
Tata Capital commits $5m to Alef Mobitech
Tata Capital has invested $5 million in Alef Mobitech Solutions, a US-based mobile internet optimization solution developer with offices in India.
SIG Asia joins $57m round for China online travel guide service
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Deal focus: Investors back Benlai’s cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
China B2B steel-trading platform raises $153m
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1 billion ($153 million).
Fuji Startup Ventures backs Japan's The Bridge
Fuji Startup Ventures (FSV), the VC arm of Japan's Fuji TV network, has committed an undisclosed amount of funding to Tokyo-based start-up news site The Bridge, alongside public relations company PR Times.
Fenox commits Series D to Japan's Geniee
Fenox Venture Capital has committed an undisclosed amount of Series D funding to Japan-based adtech start-up Geniee.
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
Bain agrees to sell stake in Japan's Jupiter Shop
Bain Capital has agreed to sell its entire 50% stake in Japan's Jupiter Shop Channel to Jupiter Communication (J:COM), a company part-owned by Sumitomo Corporation. Bain bought its interest from Sumitomo at a valuation of JPY100 billion (then $1.3 billion)...
Three partners to leave India VC firm Helion
Three of the six partners at India-focused VC firm Helion Venture Partners will depart to pursue other opportunities.
Investors agree $9.3b take-private for China's Qihoo 360
A string of domestic insurance companies have come in to support the $9.3 billion buyout of Qihoo 360 Technology, the largest private equity-backed privatization of a US-listed Chinese company.