e-commerce
Thailand’s aCommerce raises $5m from existing backers
Existing investors including Ardent Capital, Indonesian conglomerate Sinarmas and Inspire Ventures have committed $5 million to aCommerce, a Thailand-based e-commerce services provider.
Rocket's FoodPanda raises a further $100m
Goldman Sachs has led the latest funding round for Rocket Internet's emerging markets-focused food delivery app FoodPanda, netting the company $100 million.
Mayfield leads Series C for Indian education tech start-up
Mayfield has led a $15 million Series C round for Indian IT certification start-up Simplilearn, with participation from previous investors Kalaari Capital and Helion Venture Partners.
PE, Alibaba-backed Baozun to list in the US
Baozun, a Chinese e-commerce platform solutions provider, has filed for an IPO in the US. Backers include Alibaba Group, SoftBank Corporation, Goldman Sachs, Crescent Group, Infinity Group and New Access Capital.
PE consortium closes in on Korea's Ticket Monster - report
A group of private equity investors including KKR is set to buy Korean e-commerce mobile app Ticket Monster from US-based Groupon in a deal that could value the company as highly as $800 million.
Tiger Global leads Series A for Indian social network Roposo
Indian fashion-centric social network Roposo has raised $5 million in Series A funding led by Tiger Global.
Taiwan’s 91App raises $9m from AppWorks, CID
91App, a Taiwan-based start-up that helps e-commerce companies set up mobile apps, has secured a Series A round of funding worth $9 million led by local incubator AppWorks.
TA sees promise in YeePay's offline offering
China's third-party online market hit RMB8.08 trillion ($1.3 trillion) by gross merchandise volume (GMV) last year. Alipay, Alibaba Group's payment platform, is the dominant player with a 49.6% share, according to consultancy iResearch. Tencent Holdings'...
Mainland Chinese investors barred from owning Taiwan start-ups
Chinese groups are free to make venture capital investments in Taiwan but they will not be able to gain control over local start-ups, according to Taiwan’s Ministry of Economic Affairs (MOEA).
Alibaba to launch $316m non-profit fund for Taiwan start-ups
Chinese e-commerce giant Alibaba Group has earmarked NT$100 billion ($316 million) for a not-for-profit fund that will be used to boost entrepreneurship among young people in Taiwan.
Sequoia leads $60m round for China construction site
Sequoia Capital has led a $60 million funding round for Wangzhu Corporation, an online construction services provider controlled by Chinese property developer Greentown Group.
Alibaba sets up non-profit VC unit to boost HK entrepreneurs
China’s Alibaba Group has created a HK$1 billion ($129 million) non-for-profit foundation to support Hong Kong start-ups.
China’s Wanda E-Commerce raises $160m
Wanda E-Commerce, a joint venture set up by China’s largest commercial property operator Wanda Group, Baidu and Tencent Holdings, has raised RMB1 billion ($160 million) from two offshore internet investment funds.
Vertex leads $30m round for Chinese e-commerce site Metao
Vertex Ventures has led a $30 million round of funding for Metao, a Chinese cross-border e-commerce platform, with participation from Morningside Technologies, Greenwoods Investment and Matrix Partners.
Hera Capital re-ups in Philippines-based Cashcashpinoy
Singapore-based private equity investor Hera Capital has committed an additional $2 million in a Series B round of funding for Cashcashpinoy, a Philippines-based online shopping platform.
Tencent, Tiger Global lead $350m round for China mobile shopping app
Koudai Gouwu, a Chinese mobile shopping portal, has raised a $350 million Series C round of funding led by Tencent Holdings and Tiger Global. H Capital, VY Capital and DST Advisors also participated.
Rocket Internet shares close down 13% on Frankfurt debut
German internet incubator and investor Rocket Internet saw its shares close down 13% on the first day of trading on the Frankfurt Stock Exchange following a EUR1.6 billion ($2 billion) IPO.
Jungle Ventures commits $1.6m to Thailand fashion site
Jungle Ventures has led a $1.6 million pre-Series A round for Pomelo, a Thailand-based online fashion retailer.
Alibaba shares surge 38% on US trading debut
Shares in Alibaba Group soared 38.07% in their first day of trading on August 19, following a $21.8 billion IPO on the New York Stock Exchange (NYSE).
IvyCap, IDG invest in Indian online apparel retailer eShakti
IvyCap Ventures and IDG Ventures India (IDGVI) have participated in a undisclosed Series B round investment for India's eShakti.com, an online women's apparel retailer.
Gobi invests in China second-hand car trading site Mychebao
Gobi Partners has invested in a Series A round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
PE investors set for partial exits as Alibaba targets $24b IPO
Chinese e-commerce giant Alibaba Group is seeking to raise as much as $24 million through a US IPO that could be the largest tech offering in history.
Rocket, Kinnevik to form emerging market fashion e-commerce giant
German start-up incubator Rocket Internet and Investment AB Kinnevik, Rocket's biggest backer, are to consolidate five emerging market fashion e-commerce brands into a single global company with a combined valuation of EUR2.7 billion ($3.5 billion).
Qualcomm commits $150m to invest in Chinese start-ups
Qualcomm has launched a $150 million strategic venture fund to invest in Chinese start-ups in the mobile technology space.