Technology
Gaorong Capital leads $48m round for China's Avazu
Avazu, a Shanghai-based digital advertising firm, has raised $48 million in a Series A round of funding led by Gaorong Capital. An undisclosed US-based internet-focused private equity fund and a consortium of internet companies also took part in the round.
SoftBank Venture backs Thai video game firm Ini3 Digital
SoftBank Ventures Korea (SBVK), the corporate investment arm of the Japanese telecoms giant, has taken a 23% stake in Thai online video game operator Ini3 Digital. The financial terms were not dislosed.
China ZJ Capital targets $50m co-investment VC fund
Zhijing Capital Management (ZJ Capital), a Shanghai-based early-stage VC firm, is seeking $50 million for its debut US dollar-denominated fund. The vehicle will make co-investments in Chinese start-ups.
VCs keep the faith in Snapdeal
Saama Capital was one of a group of VCs that backed Indian online jewelry store Bluestone.com in early 2012. It is a vertical play in the country's e-commerce industry - targeting a particular market segment - and this might ordinarily have been a turn...
China tech M&A: Money to burn
Chinese technology firms are becoming increasingly acquisitive, with certain players snapping up assets within months of going public. What is driving this change?
Carlyle to buy Tyco's Korea unit for $1.93b
The Carlyle Group has agreed to buy fire safety and security systems provider Tyco International’s South Korean business for $1.93 billion. According to AVCJ Research, it is the largest-ever buyout in Korea by a global private equity firm.
Oak Capital invests another $4.9m in Japan's Softfront
Oak Capital has invested JPY500 million ($4.9 million) in JASDAQ-listed IT services firm Softfront, increasing its stake in the company to 20.8%.
Indian Angel Network in UK start-up SwiftShift
The Indian Angel Network (IAN) has committed an undisclosed sum in London-based workforce management tool SwiftShift. This is the group's first UK investment.
Nissay Capital invests $1.9m in Japan home renovation site
Nissay Capital has invested JPY200 million ($1.9 million) in Sekaie, the Japanese e-commerce start-up behind home renovation services website Rinoko.
VC-backed Food Runner buys Philippines' City Delivery
Food Runner, a Singapore-based food delivery company backed by Digital Media Partners, has acquired Philippines counterpart City Delivery.
INCJ invests $4.7m in Trigence Semiconductor
The Innovation Network Corporation of Japan (INCJ) has invested $4.7 million in Trigence Semiconductor, a developer of digital audio technology.
EBay leads $134m round for Indian online marketplace Snapdeal
Indian online marketplace Snapdeal has raised a new round of funding worth $133.8 million led by eBay. It comes less than a year after the US e-commerce giant led a $50 million Series C round for the company.
SIG leads $10m round for China mobile voice search app
SIG has led a Series B round of funding worth nearly $10 million for Mobvoi, a voice-activated mobile search services provider. Sequoia Capital and ZhenFund, which provided the Series A round in 2012, also participated.
Scentan invests $75m in SaaS start-up Tradeshift
Tradeshift, a start-up which provides businesses with free payment management tools, has raised $75 million from Singapore-based Scentan Ventures.
Carlyle nears deal to buy Korea's Tyco unit - report
The Carlyle Group has been selected as preferred bidder for Tyco International's South Korean security systems unit - ADT Caps
Linkedin to enter China, launch JV with CBC, Sequoia
Linkedin, a social media site for professionals has established a joint venture with Sequoia China and China Broadband Capital Partners (CBC Capital) to expand into the China market.
VC-backed robot suit maker files for Tokyo IPO
Cyberdyne, a Japanese robotics company that counts Jafco Ventures, Nissay Capital and the Development Bank of Japan (DBJ) among its investors - has received approval for its Tokyo IPO.
INCJ invests $9 million in animation tool developer New
The Innovation Network Corporation of Japan (INCJ) has invested JPY900 million ($8.7 million) in New, a start-up that develops tools for creating motion comics.
Tencent buys 20% stake in VC-backed Dianping
Tencent Holdings has paid an undisclosed sum for a 20% stake in Dianping, a VC-backed online listings provider best known as one of China’s most popular sites for restaurant reviews. The deal comes as China’s internet giants continue to broaden their...
Jungle Ventures, Spring Seeds back big data start-up
Jungle Ventures has led a S$1.5 million ($1.2 million) round of funding for Crayong Data, a Singapore-based big data start-up, with participation from Spring Seeds Capital.
Fosun Venture leads Series B round for Kmsocial
Fosun Venture Capital Investment has led a Series B round of funding for Kongming, a Beijing-based social media marketing solutions provider, with participation from previous investor Fidelity Growth Partners Asia. The investment size is about $10 million.
Japan's education app Smart Education raises $5.4m
CyberAgent Ventures and Infinity Venture Partners have invested JPY550 million ($5.4 million) in Smart Education, a Tokyo-based developer of educational mobile apps for kids.
Mayfield closes second India fund at $108m
Early-stage investor Mayfield has reached a final close of $108 million its second India-focused venture fund.
Intel invests in three China cloud, big data firms
Intel Capital, the corporate investment arm of the US chipmaker Intel Corp, has invested in three Chinese tech start-ups: big data firm Shanghai Yeapoo Information Technology; cloud storage provider Tianjin Zhongke BlueWhale Information Technology; and...