Technology

Chinese digital magazine Viva receives $20m round

Viva, a Chinese digital magazine operator, has received a $20 million Series C round of financing from an undisclosed French investment institution. Minhong Yu, founder of Chinese education provider New Oriental, also participated in the round.

Q&A: Intel Capital's Arvind Sodhani

Arvind Sodhani, president of Intel Capital, explains his passion for wearable technology, why cleantech is now a turn-off, and how the group’s investment strategy tracks trends in innovation

Chinese game developer Boyaa plans $133m HK IPO

Boyaa Interactive, a Chinese developer of online board and card games backed by Sequoia Capital, intends to raise as much as HK1.03 billion ($133 million) through an IPO in Hong Kong. It is the third game developer to pursue a listing in the city this...

Peepul Capital leads $30m Series E round for Komli Media

Digital advertising technology platform Komli Media has raised $30 million from new investor Peepul Capital. Existing investors Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in...

Startive Ventures-backed Freelancer targets small-cap IPO

Online jobs marketplace Freelancer.com has filed for its initial public offering on the Australian Securities Exchange with a view to raising A$15 million ($14.43 million). Startive Ventures owns 42% of Freelancer, chief executive Matt Barrie has 50%...

Malaysian financial comparison start-up gets $2m

Jungle Ventures has led a $2 million round of Series A funding for iMoney, a Malaysia-based financial comparison start-up. Other investors include IMJ Fenox, Fenox Venture Capital, Redbright Partners, 500 Startups and Vogel Ventures, as well as German...

China's Sungy Mobile targets $80m US IPO

Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), is targeting a $80 million IPO and a listing on the New York Stock Exchange. The company, which focuses on apps, widgets and functions...

SAIF-backed HomeShop18 raises $14m round

Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company....

Intel Capital unveils seven new Asia investments

Intel Capital, a corporate VC arm of chipmaker Intel Corporation, has invested in seven Asia-based companies as part of a batch of 16 global commitments totaling $65 million. The Asian firms, coming from China, India, Singapore, Japan and Taiwan, account...

India e-commerce: Sink or swim
India e-commerce: Sink or swim

India’s e-commerce sector is in the midst of consolidation. VC money continues to flow to the larger players but even they are examining their business models in a climate of higher operating costs

Baidu, VC-backed Qunar sets terms for $127m US IPO

Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, is seeking to raise up to $127.8 million through its NASDAQ IPO. The company is also backed by GSR Ventures and GGV Capital, neither of which will sell any shares in the offering....

Chinese online marketplace 58.com sets terms for $165m US IPO

Chinese online marketplace 58.com is seeking raise up to $165 million through its New York Stock Exchange IPO. The company’s venture capital investors – Warburg Pincus, SAIF Partners and DCM – will not sell any of their shares in the offering.

China's Pactera agrees to $625m Blackstone-led take-private

Pactera Technology International has agreed to be taken private by a consortium led by The Blackstone Group that values the NASDAQ-listed Chinese tech outsourcing firm at approximately $625 million. Existing investor GGV Capital is also participating...