Growth capital
DCM leads $75m round for China's Maimai
DCM Ventures has led $75 million Series C round for Maimai, a Chinese social networking app for professionals, with participation from existing backers IDG Capital and Morningside Venture Capital.
SBCVC leads $33m round for China's Malong Technologies
SBCVC has led a RMB220 million ($33 million) Series B round for Shenzhen-based Malong Technologies – its first investment in an artificial intelligence (AI) technology company in China.
NewQuest joins $31m round for China video cloud player
Asia-dedicated secondaries investor NewQuest Capital Partners has participated in a RMB208 million ($31 million) Series C round for Bokecc.com, a China-based company that offers video cloud computing solutions.
Singtel Innov8, Harmony anchor Qubole's $25m Asian push
Singtel Innov8 and Harmony Partners have led a $25 million round of funding to support the Asia expansion of Qubole, a big data firm based in India and the US.
TPG invests in Korean vinyl tile producer
TPG Capital has agreed to take a significant minority stake in Nox Group, a Korea-based manufacturer of luxury flooring materials. The size of the investment was not disclosed.
Healthcare funds: Repeat prescription
An assortment of healthcare-focused GPs – most of them in China – have emerged to leverage rising domestic consumption and nascent medical innovation. Does domain expertise mean better deal access?
Yunfeng, Xiaomi lead $40m round for China's Jinying
Yunfeng Capital and Chinese smart-phone maker Xiaomi have jointly led a $40 million Series B round for Beijing Jinying Technology, a China-based online content publisher. Fosun International and SIG Asia also participated.
China's Phoenix Travel gets $105m Series C
Phoenix Travel Group, a China-based travel services provider, has raised a RMB700 million ($105 million) Series C round led by CITIC Capital, Haier Capital, Legend Holdings and Legend Capital.
KKR, Gaja lead $151m round for India's Avendus
KKR and Gaja Capital have led a INR9.8 billion ($151 million) investment in Avendus Capital, an Indian financial services firm owned by KKR.
China genomics player Annoroad raises $105m Series C
Beijing-based genomics services provider Annoroad has completed a RMB700 million ($105 million) Series C round co-led by Shenzhen GTJA Investment Group and Ping An Ventures. SBCVC and SAIF Partners China also participated.
Alibaba leads $335m round for China's Souche
Alibaba Group has led a $335 million Series E round for Chinese online second-hand car trading platform operator Souche. It is the company’s third funding round in the past 12 months.
Chinese facial recognition player raises $460m
Megvii Technology, a Beijing-based facial recognition software developer, has raised a $460 million Series C round led by China State-owned Venture Capital Fund.
Yunfeng leads $120m round for China's Xiaozhu.com
Chinese PE firm Yunfeng Capital has led a $120 million Series E round of funding for Xiaozhu.com, a Beijing-based short-term rentals platform.
Hony backs Chinese pharmacy management platform
Hony Capital has led a Series B round of funding for Quanyi Pharmacy Chain, an investment and operating platform that is intended to consolidate Chinese retail drug stores.
China used car auction player Tiantian Paiche closes Series C
Tiantian Paiche, a Chinese online used car trading platform, has raised $80 million from investors such as Industrial Bank of China to close its Series C round of funding at $180 million.
ClearVue, TAL lead $55m round for China's Changingedu
Consumer-focused GP ClearVue Partners and US-listed TAL Education Group have jointly led a $55 million Series D round for Changingedu, a China-based education platform that connects teachers and students.
China Everbright, Walden launch semiconductor fund
China Everbright and venture capital firm Walden International Group have jointly launched a $500 million fund focused on semiconductors and industrial technology.
KKR invests $74m in Indonesian bread producer
KKR has paid around $74 million for a 12.64% stake in Nippon Indosari Corpindo, an Indonesian bakery business backed by local conglomerate Salim Group and best known for the Sari Roti brand.
China's HighLight Capital closes Fund II at $250m
Chinese healthcare-focused GP HighLight Capital, which was set up by former CDH Investments executive Steven Wang, has closed its second US dollar-denominated fund at the hard cap of $250 million.
China's Segway & Ninebot raises $100m Series C
China-based electric scooter manufacturer Segway & Ninebot Group - previously known as Ninebot - has raised a $100 million Series C round from the Chinese state-backed SDIC Fund and a fund owned by China Mobile.
Southeast Asia's Grab gets $700m in debt funding
Southeast Asian ride-hailing app operator Grab has secured debt facilities of up to $700 million from leading global and regional banks.
Deal focus: Lalamove seeks edge in last-mile delivery
Shunwei Capital has led a $100 million round for Hong Kong-based delivery start-up Lalamove with a view to supporting its expansion in the competitive mainland China market
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.
Deal focus: All-Stars backs Tujia's consolidation agenda
Tujia's access to property supply and consumer traffic channels in China give an edge that other market entrants struggle to replicate. This gave All-Stars Investment the confidence to co-lead a $300 million round