Growth capital
Alibaba, Yunfeng back China's YTO Express
Alibaba Group has teamed up with Yunfeng Capital to acquire a minority stake in Shanghai YTO Express, a Chinese logistics service provider. Financial terms were not disclosed.
CLSA backs Japanese food and beverage maker
CLSA Capital Partners have invested an undisclosed sum in Asamiya, a Japanese low-cost food and beverage (F&B) manufacturer.
Chinese face recognition start-up raises $25m
Face++, a Chinese producer of facial recognition software, has raised $25 million from unnamed investors as part of its Series B round.
China's BeiGene raises $97m from PE investors
BeiGene, a Chinese company that develops drugs to combat cancer, has raised RMB600 million ($97 million) in a funding round led by existing investors Hillhouse Capital and an undisclosed US-based life sciences-focused public investment fund.
SCPE invests in TT Internationals Indonesia business
Standard Chartered Private Equity (SCPE) has invested $42 million in Singapore-based TT International's (TTI) retail electronics business in Indonesia.
Taiwan's JHL Biotech raises $45m in Series C round
Taiwan-based biopharmaceutical company JHL Biotech has raised a $45 million Series C round, led by an unnamed investor. Existing backer Milestone Capital also participated, along with newcomers Sungent BioVenture and Liwick Investment Management.
China's Yunfeng, Wanda back sports entertainment business
Yunfeng Capital and conglomerate Dalian Wanda Group have led a Series A round of funding worth RMB800 million ($129 million) for LeTV Sports, a Chinese sports channel.
ICG invests in Korean tutoring business
Intermediate Capital Group (ICG) has invested an undisclosed sum in Time Education, a privately-owned education company in Korea that provides tutoring services from kindergarten through high school.
Mandala commits $15m to India's Godavari Biorefineries
Mandala Capital has invested $15 million in India's Godavari Biorefineries, a producer of foods, biofuels, specialty chemicals and power.
CLSA seals second Asia diapers deal
CLSA Capital Partners (CLSA CP) has invested RMB150 million ($24.5 million) in Coco Healthcare Products, a Chinese manufacturer of diapers for adults and babies. It plans to help the company boost its export business.
Deal focus: Warburg Pincus rides with China's eDaijia
It is estimated that around three shots of soju is sufficient for an adult to attain a blood alcohol content of 0.05% and therefore be in violation of Korea’s laws that prohibit driving while intoxicated. Punishments start at six months in jail or a KRW3...
India IPOs: Staying afloat
India’s public markets are at record highs, but IPO activity remains lackluster. Investors want an overhaul of the listings approval process and a regulatory system that is suited to PE and VC-backed companies
PE tech boom: High stakes
It is still only May but Asia has seen 28 deals in the technology, media and telecom (TMT) space of $100 million or more. This compares to 31 in 2014 and an average of approximately 14 for the eight years before that.
Primavera leads $50m round for China online advertising platform
Primavera Capital has led a $50 million Series D round of funding for Miaozhen Systems, a Chinese third-party big data company that specializes in advertising services.
CNEI invests $15m in China private school operator
China New Enterprise Investment (CNEI) has led a $15 million round of funding for Guanghua Education Group, a China-based private school operator.
VC investors commit to Indian online education start-ups
Two Indian online education start-ups have received venture capital funding, with Toppr raising a $10 million round led by Fidelity Growth Partners and Vedantu attracting $5 million in Series A funding from Accel Partners and Tiger Global.
China's Tsing Capital joins $20m round for GaN Systems
Beijing-based Tsing Capital has participated in a $20 million Series C round of funding for GaN Systems, a Canadian fabless semiconductor developer. Local VC firm Cycle Capital is the lead investor.
SAIF leads $16m round for China real estate site Jiwu
SAIF Partners China has led a RMB100 million ($16 million) Series A round of funding for Jiwu.com, a Shenzhen-based real estate listings portal.
Fosun to take 20% in payment play Ingenico Group
Fosun Group has invested in Europe-based payment services provider Ingenico Group with a view to helping the company develop its business in China.
Chinese drone maker gets $75m from Accel
Accel Partners has provided $75 million in funding to DJI, a China-based drone manufacturer. The investment is said to value the company at $8 billion.
Deal focus: LeapFrog seals debut Indonesia deal
Indonesia's middle class is expected to jump from 70 million in 2012 to more than 140 million by 2020 – representing more than half of the country’s population – according to the Boston Consulting Group. Financial services should benefit from this expansion,...
Indonesia infrastructure: Proceed with caution
Having promised a massive increase in infrastructure spending, Indonesia’s government wants foreign investors to help move projects along. Private equity players see opportunities, but also risks
Deal focus: A Sino-French solution to liver disease
Inner Mongolia FuRui Medical Science (FuRui) started out two decades ago as a pure-play drug manufacturer, but then it found its niche developing diagnostic equipment and treatment for liver disease. Looking to bring in overseas technology, it acquired...
Warburg Pincus leads round for China designated driver service
Warburg Pincus has led a $100 million Series D round of funding for eDaijia, a Chinese mobile-based service that connects users with temporary drivers for their vehicles. Two existing investors, Matrix Partners China and Lightspeed China Partners, are...