Technology
Qiming leads $10m round for China biopharma player
Qiming Venture Partners has led a $10 million Series A round of funding for CANbridge Life Science, a Beijing-based biopharmaceutical firm.
Fenox VC launches $200m Bangladesh fund
Silicon Valley venture capital firm Fenox VC is launching a $200 million fund that will focus on investments in Bangladesh’s technology, internet and media sectors.
China healthcare: Technology transfer
Healthcare-focused private equity firms want to take technologies from developed markets into China, leveraging rising domestic demand. It is a lucrative strategy, but not necessarily a straightforward one
Southeast Asia's Lazada rockets past $700m mark
“We go in with a certain hypothesis of growth and revenue. Sometimes you’re not able to guess how the market will react. If the hypothesis is not confirmed within 3-6 months then we decide to pull out.”
Chinese personal finance app Wacai raises $50m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised $50 million in a Series B round of funding led by China Broadband Capital and CICC Capital, a PE arm of China International Capital Corporation.
Temasek leads $249m round for SE Asia-focused Lazada
Temasek Holdings has led a EUR200 million ($249 million) round of funding for Lazada, a Southeast Asia-focused online retailer set up by Germany’s Rocket Internet.
VC-backed Chinese dating app set for $267m US IPO
Momo, a Chinese location-based social-networking app with several VC backers, will raise up to $266.8 million through a US IPO. The company has also agreed to sell shares to Alibaba Group and 58.com through a separate private placement.
AIA, Nest set up accelerator for Hong Kong start-ups
AIA Group has teamed up with early-stage investor Nest to form a Hong Kong-based accelerator that will support start-ups with technologies relevant to the insurance and healthcare industries.
CVC invests $150m in Marubeni's Japan broadband business
CVC Capital Partners has acquired a 50% stake in enterprise-focused Japanese telecommunications carrier Arteria Networks - a unit of Japanese conglomerate Marubeni - for $150 million.
PE investors set for another JD.com windfall
Capital Today, DST Advisors and Hillhouse Capital Management will sell more shares in Chinese e-commerce giant JD.com through a follow-on offering.
China's Ally Bridge ventures into German healthcare
Ally Bridge Group, a healthcare-focused PE firm based in Hong Kong and the US, has made its first investment in Europe, participating in a EUR6.6 million ($8 million) round of funding for Pieris, a Munich-based clinical-stage biotechnology firm.
Goldman leads $36m round for Korean food-ordering platform
A Goldman Sachs-led consortium has invested KRW40 billion ($36 million) in Woowa Brothers Corp, owner and operator of Baedal Minjok, South Korea’s leading digital food-ordering platform.
SummitView, Shanghai government launch $1.7b PE fund
SummitView Capital has partnered with the Shanghai government to launch a RMB10 billion ($1.7 billion) private equity fund, which will invest in semiconductor manufacturers.
India early stage: Sowing seeds
India’s young demographic and growing mobile adoption is an opportunity waiting to be tapped for early-stage investors. Industry incumbents are making the most of it, but there is room for more
News Corp invests in PE-backed India property platform
News Corp has paid $30 million for a 25% stake in the parent of PropTiger.com, an India-based online property marketing platform backed by SAIF Partners and Accel Partners.
Fidelity commits $10m to China medical device maker Eyebright
Fidelity Growth Partners Asia and Fidelity Biosciences have committed RMB62.5 million ($10 million) to Eyebright Medical Technology, a Chinese ophthalmic medical devices manufacturer.
Fidelity, Arbour lead $8.5m round for Japan fin-tech start-up
Japanese finance technology start-up Accounting SaaS Japan (ASJ) has secured a JPY1 billion ($8.5 million) Series B round of funding from Fidelity Growth Partners Japan, Arbor Ventures and iMercury Capital.
Arizona PSPRS commits to Trustbridge's fifth China fund
The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed $40 million to Trustbridge Partners’ fifth China-focused fund.
Sequoia leads $20m Series B round for China’s HunterOn
Sequoia Capital has led a $20 million Series B round of funding for HunterOn, a Chinese online recruitment service provider, with participation from IDG Capital Partners.
Everstone, Solmark acquire India's Servion Global Solutions
Everstone Capital and US tech-focused investor Solmark have agreed to acquire a majority stake in Servion Global Solutions, an India-based customer interaction management (CIM) solutions provider, for INR4 billion ($65 million).
Japan VC-backed internet firm Kayac files for IPO
Kayac, a Japanese internet company backed by Globis Capital Partners and CyberAgent, has filed for its IPO on the Mothers (market of the high-growth and emerging stocks) section of the Tokyo Stock Exchange (TSE).
Navis-led consortium buys Singapore tech manufacturer
A consortium led by Southeast Asia-focused GP Navis Capital Partners has acquired MFS Technology, a Singapore-based developer of rigid and flexible printed electronic circuits, for $95 million.
VCs commit $60m to India restaurant listings site Zomato
Zomato, a restaurant search service based in India, has raised a Series E round of funding worth $60 million from Vy Capital and existing backers Info Edge and Sequoia Capital.
Australia's Aconex targets $120m IPO, PE to exit
US-based PE investor Francisco Partners will fully exit Australia’s Aconex as the cloud-based project management platform for the construction industry raises A$140 million ($120 million) through an IPO.