Growth capital
CDIB Capital commits $30m to China outdoor sports retailer
CDIB Capital has invested RMB200 million ($30 million) in Tutwo Outdoor, a multi-brand outdoor sporting goods retailer with more than 900 stores across China.
Alibaba leads round for China VC-backed e-commerce site
Alibaba Group has led a RMB267 million ($49 million) Series C round for Shandiangou.com, a Chinese mobile shopping and delivery app backed by several VC investors.
China's Fruitday adds $15m to Series D round
Fruitday, a Chinese VC-backed e-commerce site dedicated to selling imported fruit, has received RMB100 million ($15 million) in an extended Series D round from an investment fund backed by Shanghai-listed developer Zhangjiang Hi-Tech Park.
China payment machines maker Yunnex raises $45m
Yunnex, a China-based point-of-sale (POS) machine manufacturer, has raised RMB300 million ($45 million) in Series B funding from GSR Ventures and other strategic investors.
Sino-US VCs back US online marketplace GrubMarket
GrubMarket, a US-based online food marketplace, has raised $20 million in a Series B round of funding from several Sino-US investors including GGV Capital, Fosun Capital and Danhua Capital.
Chinese internet giants invest $550m in Bitauto unit
Tencent Holdings, Baidu and JD.com have invested $550 million in China-based auto financing platform Yintai Capital. The business was launched by Bitauto, which previously received funding from the three internet companies as well as from PAG Capital.
KKR, Warburg Pincus join $550m round for Indonesia's Go-Jek
Indonesian mobile ride-hailing and delivery platform Go-Jek has received $550 million from investors including KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets.
RGT Capital invests in Australia's AxiCorp
RGT Capital, a multi-family office investment vehicle based in Australia, has acquired a stake in Australian investment company AxiCorp.
Vietnam's Mekong backs logistics business, adds two partners
Vietnam-focused Mekong Capital has announced the second investment from its latest fund – cold chain logistics provider ABA Corporation – and also promoted Thanh Giang Vu Pham and Truong Dieu Le to partner. It now has four partners in total.
Australian government launches $191m biomedical VC fund
The Australian government has seeded $250 million ($191 million) from its Medical Research Future Fund (MRFF) to a biomedical technology-focused venture investment vehicle. It will match private sector commitments, bringing the total available for deployment...
Discovery buys stake in CMC-backed VS Media
US media company Discovery Communications has acquired a minority stake in VS Media Group, a Hong Kong-based multi-channel network (MCN) that counts China’s CMC Holdings among its investors.
China’s Yunfeng leads $100m round for English tuition site
Yunfeng Capital has led a $100 million Series C round of funding for VIPKID, an English-language learning platform that connects North American teachers with students in China. Existing investor Sequoia Capital also took part.
PICC leads $64m round for China's Neusoft Xikang
PICC Property and Casualty, a subsidiary of People's Insurance Company of China (PICC), has led a $64 million funding round for cloud-based medical and healthcare services provider Neusoft Xikang.
Shenzhen Fortune commits $15m to insurance platform
Shenzhen Fortune Venture Capital has committed RMB100 million ($15 million) in an extended Series B round of funding for Huize.com, a Chinese third-party insurance services platform.
Warburg Pincus commits $125m to India logistics start-up
Warburg Pincus has agreed to invest up to $125 million in an India-based supply chain services start-up founded by Anshuman Singh, who previously spent nine years as head of Future Supply Chain Solutions.
WiL leads $10.6m round for Japan's Retty
World Innovation Lab (WiL) has led a JPY1.1 billion ($10.6 million) investment in Japanese social media-oriented restaurant guide operator Retty.
Malaysia's Ekuinas invests $16.9m in domestic sports retailer
Ekuinas, a private equity firm backed by the Malaysian government, has acquired a 35% interest in Al-Ikhsan Sports, the country’s leading sportswear retailer, for MYR68.6 million ($16.9 million).
IFC to invest $15m in India-based Byju’s
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $15 million investment in Indian education start-up Byju’s.
L Capital Asia takes minority stake in Korea cosmetics player
L Capital Asia – the private equity arm of luxury goods giant LVMH – has acquired a minority stake in Clio Cosmetics, a South Korea-based color cosmetics manufacturer, for an undisclosed sum.
China VCs back $25m round for Austrian entertainment group
China Growth Capital has led a $10 million Series B-plus round of funding for Austria-based media company Juzi Entertainment. It brings the Series B to $25 million overall.
Vickers Venture Partners raises $63m
Singapore’s Vickers Venture Partners has reached an S$86 million ($63.3 million) first close for its fifth fund, which is targeting early and expansion stage Asian companies.
CDC to invest $149m in India Infoline Finance
CDC Group, the UK government-owned development finance institution (DFI), has agreed to invest INR10 billion ($149 million) in IIFL Holdings’ non-banking finance company (NBFC) India Infoline Finance.
New Zealand’s Oceania Natural gets $2.5m for HK base
New Zealand-listed health food and supplements producer Oceania Natural has secured HK$19.5 ($2.5 million) from a group of domestic and Chinese investors for the establishment of a Hong Kong subsidiary.
Southeast Asia’s aCommerce raises further $10m
Southeast Asia-focused e-commerce solutions provider aCommerce has raised $10 million in new funding ahead of a planned Series B round. The latest commitment is led by MDI Ventures, a corporate VC fund run by Indonesian mobile operator Telkom.