Gobi Partners
Malaysia's Hermo raises $2m Series A led by Gobi
Shanghai-based VC firm Gobi Partners has led a $2 million Series A round of funding for Hermo, a Malaysian cross-border cosmetics e-commerce platform.
Northern Light leads $12m Series B round for China's Teambition
Northern Light Venture Capital has led a $12 million Series B round for Chinese collaboration app Teambition, with participation by existing investors IDG Capital Partners, Vangoo Capital and Gobi Partners.
Gobi raises RMB fund for China start-ups
Gobi Partners has formed a RMB600 million ($94.1 million) fund that will focus on seed, pre-Series A and Series A investments in early-stage Chinese companies.
Gobi leads $5.7m Series A for Thailand's Eko
Gobi Partners has led a $5.7 million Series A round of funding for Bangkok-based Eko Communications, developer of workplace messaging app Eko.
Chinese second-hand car trading site Mychebao raises $50m
JD Capital and Addor Capital have led a RMB300 million ($50 million) Series B round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
CBC leads $10m round for Chinese auto repair start-up Kalading
Chinese auto repair start-up Kalading has raised a $10 million Series A round led by CBC Capital. Existing investor Gobi Partners also participated, as did Geek Partners.
Gobi, ABC lead $6m Series A for China's AutoBot
Gobi Partners and ABC Capital have led a $6 million Series A round for Chinese start-up AutoBot, which makes diagnostic tools for cars.
China food delivery app Line0 raises $30m
Chinese food delivery mobile app Line0 has completed a Series B round of funding worth $30 million, led by Tencent Holdings. Existing investors Sequoia Capital and Gobi Partners also participated.
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.
Gobi, CBC commit $8m in China KeyTone Cloud
Gobi Partners and China Broadband Capital CBC) have co-led a RMB50 million ($8 million) Series A round of funding for in KeyTone Cloud, a Chinese cloud computing platform.
VC-backed Tuniu shares jump on debt after $72m US IPO
Shares in Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, saw its shares climb 10% on their trading debut following a $72 million IPO.
DCM to re-up as China’s Tuniu sets terms for US IPO
DCM and two Chinese strategic investors, Ctrip and Qihoo 360, will invest $35 million in Tuniu through a private placement alongside the online package tour provider’s NASDAQ IPO.
VC-backed Chinese package tour platform files for US IPO
Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, is seeking to raise up to $120 million through a US IPO.
VC fundraising: Where angels flock
Venture capital fundraising has become difficult for all but the select few in Asia as LPs concentrate their resources on established names. Where will replacement investors come from?
Temasek, DCM back $60m round for China travel site Tuniu
Temasek Holdings and existing backer DCM have invested in a $60 million Series D round of funding for Tuniu.com, a Chinese online travel tour provider.
SIG Asia leads $18m round for China photo app Camera360
SIG Asia Investment (SAI), an affiliate of US financial group the Susquehanna International Group, has led a $18 million Series B round of funding for Camera360, a photo-editing mobile app. Existing backers Matrix Partners China and Gobi Partners also...
China mobile gaming: Buy your way
China's online gaming companies are trying to extend their dominance to the growing mobile segment. Cash-rich and often publicly listed, the strategy is inorganic expansion, both at home and abroad
China's NDRC backs Gobi’s second RMB fund
China’s National Development Reform Commission (NDRC) has invested RMB50 million ($7.9 million) in Gobi Partners' second renminbi-denominated fund. The latest injection takes the Yingzhi RMB Fund to RMB350 million in size.
Gobi backs Singaporean cloud service provider
China-based venture capital firm Gobi Partners has injected S$1 million ($800,000) into Singaporean online games cloud service provider Corous360.
Court allows Oak, Gobi to attach $60m in VisionChina assets
Oak Investment Partners and Gobi Partners' application to attach $60 million in assets they claim they are owed by VisionChina Media approved by a New York state judge.
Gobi makes lucrative early exit from CIB
Gobi Partners had big plans for CIB Development. The venture firm received the green light to invest in the Malaysia-based online games operator in 2010 and put together a strategy that would boost exposure in Indonesia, the region’s largest gaming...
Gobi reaps 60% IRR on CIB trade sale
Venture firm Gobi Partners has reaped an IRR of 60% on the sale of its minority stake in Malaysian online games operator CIB Development to listed gaming company Asiasoft.
Gobi LPs short-changed by VisionChina dispute
The LPs in Gobi Partners' fund have experienced significant delays in receiving their returns from the VC firm’s investment in China’s Digital Media Group (DMG), a source close to Gobi told AVCJ.
PE sees rise in post-deal disputes
Post-closing claims against PE firms have shot up since the global financial crisis, causing cash to be held back from exits and IRRs to suffer. What does it mean for Asia?