DST Advisors
China’s Maimai gets $200m Series D
Maimai, a Chinese social networking app for professionals that is seen as the country’s equivalent to LinkedIn, has raised $200 million in Series D funding led by DST Global.
Walmart, JD.com commit $500m to China grocery delivery business
US retailer Walmart and its Chinese online counterpart JD.com have led a $500 million funding round for Dada-JD Daojia, a Chinese online grocery delivery service.
Xiaomi raises $4.7b in Hong Kong IPO
Chinese smart phone maker Xiaomi has raised HK$37 billion ($4.72 billion) in its Hong Kong IPO at a valuation of $54 billion – well below the totals it had originally targeted.
Deal focus: Swiggy reinforces for Indian food fight
Swiggy raises $210 million to consolidate its leading position in India's competitive online food ordering market
Naspers co-leads $210m round for India's Swiggy
Indian online food ordering and delivery platform Swiggy has raised a $210 million Series G round co-led by South African internet conglomerate Naspers and DST Global that reportedly values it at over $1.2 billion.
China's Xiaomi set to lead the way on CDRs
Xiaomi, a private equity-backed Chinese smart phone maker that filed for a Hong Kong IPO last month, has become the first company to apply to issue Chinese Depository Receipts (CDRs).
PE-backed Xiaomi set for Hong Kong IPO
Xiaomi, a Chinese smart phone maker that has received substantial venture capital and private equity funding, has filed for an IPO in Hong Kong.
Investors advise caution in face of crazy valuations - AVCJ Forum
The current climate of “crazy valuations” globally – and particularly in China’s internet space – cannot be sustained indefinitely and prudent investors should ensure portfolio companies are well capitalized in anticipation of a downturn, the...
Tencent leads $818m round for China’s Chehaoduo
Chehaoduo, a Chinese online auto services provider that runs consumer-to-consumer (C2C) used car trading platform Guazi, has raised $818 million in a Series C round of funding led by Tencent Holdings.
Chinese dating app Momo buys VC-backed Tantan
Chinese mobile dating app operator Momo, which has been listed on NASDAQ since 2014, has agreed to buy 100% of VC-backed industry peer Tantan in a cash and stock deal.
China's LexinFintech makes gains after $108m US IPO
LexinFintech, a VC-backed Chinese financial technology start-up best known for consumer lending platform Fenqile, has traded strongly on NASDAQ following its $108 million IPO.
AVCJ Awards 2017: Deal of the Year - Late Stage Technology: Ofo
Ofo and Mobike dominate China’s bike-sharing industry, having raised billions in funding. Investors in Ofo believe they are backing the more sustainable model
China’s Guazi raises additional $180m for Series B
Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has raised another $180 million to close its Series B round at $600 million.
China bike-sharing player Ofo gets $700m Series E round
Alibaba Group has led a $700 million Series E round of funding for Chinese bike-sharing start-up Ofo – less than a month after Tencent Holdings led a Series E of $600 million for Mobike, the company’s closest rival.
China bike-sharing start-up Ofo raises $450m Series D
Ofo, a Chinese bike-sharing company, has completed a $450 million Series D round of funding led by DST Global.
China dating app Tantan raises $32m Series C
Tantan, a Chinese version of US-based dating app Tinder, has completed a $32 million Series C round led by DST Global, Vision Plus Capital and LB Investment.
Deal focus: Farfetch carves luxury niche in Asia
Now valued at $1.5 billion, PE-backed e-commerce marketplace Farfetch is said to appeal to brands that are beyond the reach of Amazon and Alibaba Group. It plans on bringing more of them to Asia
VC-backed Dada Nexus merges with JD’s O2O business
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
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.
India's Ola receives $500m Series F round
India ride-hailing service Ola has completed a Series F round of funding, raising $500 million at a reported valuation of around $5 billion.
Asia O2O services: The long tail
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs
The billion-dollar club: Asia's tech unicorns
Asia accounts for one fifth of the global tech sector’s unicorn population as companies raise larger rounds at ever higher valuations. But as investor sentiment weakens, some of these behemoths should be concerned
DST executive joins China's Xiaomi as CFO
Chinese smartphone maker Xiaomi has appointed Shou Zi Chew, formerly a partner at DST Global, as its chief financial officer.
China late-stage tech: Chasing unicorns
Capital is flooding into China-based internet companies, with PE firms, family offices, hedge funds and strategic players all-too-willing to support large, late-stage rounds. Not everyone will emerge a winner