Consumer
Alibaba to sell stake in China O2O services platform
Alibaba Group has confirmed it will exit Meituan, the China-based online-to-offline (O2O) services provider that agreed to merge with rival Dianping last year, in order to focus on its own platform.
KKR exits Vietnam's Masan Consumer with over 2x return
KKR has fully exited Vietnam’s Masan Consumer Corp. (MCC), generating a more than 2x return on a $359 million investment made across two tranches in 2011 and 2013.
Australia's Greencross rebuffs TPG buyout offer
Australia-based pet services business Greencross has confirmed it received and rejected a buyout offer from TPG Capital worth around A$720 million ($507 million).
Hony to re-up in China’s Jinjiang International
Hony Capital has agreed to invest an additional RMB599 million ($91 million) hotel operator Shanghai Jinjiang International alongside other financial and strategic investors.
China Merchants Bank to invest in Didi Kuaidi
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
PE-backed Hengyang Cattle set for China reverse merger
Heilongjiang Hengyang Cattle Industry, a Chinese beef processor backed by CDH Investments and other PE investors, plans to list in Shenzhen through a backdoor listing.
Black River PE team goes solo as part of Cargill spin-out
The private equity team of Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, has spun out to form Proterra Investment Partners.
PE-backed e-Shang boosts Asia footprint through merger
China-based warehousing operator e-Shang, which was founded by two local entrepreneurs in conjunction with Warburg Pincus, has agreed to merge with Asian counterpart Redwood Group as it builds scale towards a public market listing.
SoftBank commits $14.7m to India's Housing.com
SoftBank has invested INR1 billion ($14.7 million) in Indian property listing platform Housing.com.
GPs look to adapt to a fast-changing China
China-focused private equity investors are modifying their investment approaches in the face of a challenging economic environment and ongoing overcapacity issues.
China O2O services platform Meituan-Dianping raises $3.3b
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has confirmed that its latest funding round has closed at $3.3 billion.
CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
SAIF, Norwest, Accel in $35m round for India's Swiggy
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
Bertelsmann leads round for Indian e-commerce platform
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
China online retailer raises $1b for finance unit
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
Anchorage speaks out on Dick Smith investment
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
Temasek leads $145m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
India's ShopClues raises GIC-led round at $1.1b valuation
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Uber China raises new funds at $7b valuation
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Deal focus: IMM initiates unlikely media merger
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
China's Ctrip invests $180m in India's MakeMyTrip
Ctrip, a listed travel services firm based in China, has agreed to invest $180 million in MakeMyTrip, India's largest online travel agency.
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.