Technology
Blume Ventures in $30m first close on second India fund
Blume Ventures has reached a first close of more than $30 million on its second India early-stage fund. The vehicle has a full target of $60 million.
Sohu chairman submits PE-backed take-private offer
NASDAQ-listed Chinese internet company Sohu has received a take-private proposal from its chairman and CEO alongside an unnamed private equity firm.
China cloud-computing provider UnitedStack raises Series C
UnitedStack, which claims to be the first OpenStack-enabled cloud computing provider in China, has received a Series C round of funding of undisclosed size from Sequoia Capital.
China online ticketing sites Weiying Times, Gewara to merge
Chinese movie ticket-booking platforms Beijing Weiying Times Technology and Gewara – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge.
Blackstone invests $170m in India's IBS, General Atlantic exits
The Blackstone Group has acquired a minority stake in India-based IBS Software for $170 million, facilitating an exit for General Atlantic.
Portfolio: Shaw Kwei & Partners and Beyonics
When Shaw Kwei & Partners bought Singapore-based electronic manufacturing services player Beyonics, it was in debt and making no money. A strategic repositioning has returned the business to profitability
Fund focus: Plugging the innovation gap
First State Super teams up with local VC player H2 Ventures to back Australia financial technology start-ups
China Phoenix TV’s online finance platform secures $80m
Fengjr.com, an online finance platform created by Chinese television broadcaster Phoenix Satellite TV, has raised an $80 million Series A round led by CITIC Asset Management and CASH Capital – the VC arm of the state-owned Chinese Academy of Sciences...
CreditEase's Yirendai targets up to $82.5m in US IPO
Yirendai, an online peer-to-peer (P2P) online platform owned by China-based micro-credit loan player CreditEase, is looking to raise up to $82.5 million through its US IPO.
Formation 8 leads round for Korea's Yello Mobile
Formation 8 has re-upped in South Korean mobile internet company Yello Mobile, leading a $47.2 million financing round. The capital will be used to strengthen the company’s business domestically and across Asia.
Tsinghua Unigroup to invest in two Taiwan tech firms
Tsinghua Unigroup, an investment arm of China’s Tsinghua University, is planning to spend $2.1 billion to acquire stakes in two Taiwanese semiconductor testing and packaging companies.
CLSA leads $10m round for India's Holisol Logistics
CLSA Capital Partners has led a $10 million round of funding for Holisol Logistics, an India-based supply chain and logistics company.
Hunan TV & Broadcast backs Qihoo360 take-private project fund
Hunan TV & Broadcast Intermediary, a Shenzhen-listed TV producer, will invest up to RMB300 million ($46.7 million) in a project fund raised to support the take-private of Chinese internet security firm Qihoo 360 Technology.
Accel-backed Atlassian raises $462m in US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has raised $462 million in its NASDAQ IPO after raising the price of the offering once again.
DKSH acquires 20% of Southeast Asia-focused aCommerce
DKSH, a Switzerland-based company that helps clients find outsourcing partners in new markets, has acquired a 20% stake in Southeast Asia-focused e-commerce solutions provider aCommerce.
China’s Home Inns, Jiayuan agree take-private deals
Chinese budget hotel operator Home Inns and online dating site Jiayuan have agreed to be taken private and merge with industry counterparts.
India B2B logistics start-up BlackBuck gets $25m
Tiger Global, Accel Partners, Flipkart and a fund linked to Yuri Milner of DST Global have committed $25 million in Series B funding to BlackBuck, an India-based business-to-business logistics start-up.
Australia's First State Super to invest in fintech start-ups
First State Super has teamed up with VC firm H2 Ventures to support financial technology start-ups. The Australian superannuation fund expects to deploy around A$250 million ($182 million) in technology innovation.
AVCJ Awards 2015: AVCJ Special Achievement: Ta-Lin Hsu
As founder and chairman of H&Q Asia Pacific, Ta-Lin Hsu has played a key role in the development of private equity in Asia. He continues to look for ways to spread innovation
AVCJ Awards 2015: Venture Capital Professional of the Year: Neil Shen
Neil Shen, managing partner of Sequoia Capital China, on identifying stand-out entrepreneurs and the competitive dynamics of a maturing start-up ecosystem
AVCJ Awards 2015: Exit of the Year - IPO: Hong Kong Broadband
Having acquired Hong Kong Broadband Network in 2012, CVC Capital Partners built on an already successful business, which continues to outperform in the public markets
AVCJ Awards 2015: Deal of the Year - Late Stage Technology: Didi Kuaidi
Having raised $3 billion in the largest-ever private funding round for a start-up, newly-merged Didi Kuaidi is looking to put past rivalries behind it
AVCJ Awards 2015: Fundraising of the Year - Venture Capital: Banyan Capital
Set up in 2013, Banyan Capital got busy quickly in China’s early-stage space and is now managing its second US dollar fund, which closed at $362 million
AVCJ Awards 2015: Deal of the Year - Early Stage Technology: Ninebot
China-based electric scooter manufacturer Ninebot made an aggressive move into the US with the purchase of Segway. VCs were happy to support the deal