Ant Group, the financial technology affiliate of China’s Alibaba Group, which has raised more than $20 billion in external private funding, has filed for a dual listing in Hong Kong and Shanghai.
Mela Ventures, an Indian venture capital firm launched by the co-founders of IT outsourcing player Mindtree, has achieved a first close of INR1.3 billion ($17.5 million) for its debut fund.
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.
Source Code Capital has led a $20 million Series A round extension for XYZ Robotics, a Chinese start-up specializing in robotic hand-eye coordination. Other investors include Gaorong Capital and Morningside Venture Capital.
Indian logistics platform FarEye has received additional funding of $13 million from The Fundamentum Partnership and a fund managed by South Korea’s KB Investment.
Investor appetite for Xpeng grew over the course of 2020 as China's electric vehicle industry showed signs of recovery after a difficult 2019. A $500 million Series C extension was soon followed by an IPO filing
B Capital has led a $15 million Series B round for Yalochat, a US-headquartered messaging-focused customer relations management platform, with plans to help it introduce its solutions to emerging markets in Asia.
India’s venture capital industry is entering a new decade with a growing pool of local early-stage managers, a wider variety of funding sources, and a host of new risks and opportunities
Asia technology investors warned that an escalation in US-China tensions that impedes the development of start-ups will ultimately cost end-consumers as well as public market investors.
Japanese lunar exploration company iSpace has raised $28 million Series B round led by Incubate Fund.
Indian space technology start-up Pixxel, which plans to launch micro-satellites to support an Earth imaging software platform, has raised a $5 million seed round featuring Lightspeed India Partners.
SPi Global, a Philippines-based enterprise technology provider controlled by Partners Group, has paid an undisclosed sum for a majority stake in Indian education technology company LearningMate.
US-based VCs General Catalyst and OpenView have provided A$28 million ($20 million) in Series A funding to Australian enterprise software player Buildkite at a valuation of about $144 million.
Taiwan-based IT hardware manufacturer Wistron has led a $17 million Series B round for local enterprise-facing artificial intelligence (AI) developer iKala.
MDI Ventures, the corporate venture capital arm of state-controlled Telkom Indonesia, has closed its latest fund at $500 million.
Historically a neutral power, India appears to be siding with the US in a multi-faceted war with China. This could have far-reaching consequences for VC investors and the technology ecosystem
Reliance Retail Ventures (RRVL), a company associated with Jio Platforms, has acquired Indian VC-backed drug marketplace Netmeds.
The most attractive investment opportunities in a post-COVID-19 world involve helping traditional businesses that have been “victims of the creative destruction of technology” play catch-up, according to Lei Zhang, founder and CEO of Hillhouse Capital.
Biren Technology, a Chinese artificial intelligence (AI) chip design company, has raised a RMB900 million ($130 million) pre-Series B round led by GL Ventures, the VC unit of Hillhouse Capital.
Lumikai, an Indian venture capital firm, has launched a fund targeting local gaming and interactive entertainment start-ups. The size of the fund was not disclosed.
Ant Capital Partners has launched a tender offer for Softbrain, a Japanese sales and marketing software developer, that values the business at approximately JPY26.9 billion ($253.1 million).
China-based medical devices manufacturer Hanyu Medical has raised a RMB500 million ($72 million) Series D co-led by HighLight Capital, CPE (formerly known as CITIC Private Equity), and Yingke Private Equity.
Airbus Ventures, the US-based VC unit of European aeronautics giant Airbus, has set up an office in Japan and received investment from a number of Japanese investors for its third fund.
Anchanto, a Singapore-headquartered technology provider that helps with e-commerce enablement, raised S$16.6 million ($12 million) in a Series C round.