IDG Ventures
SAIF, Accel invest $5m in PropTiger
Venture capital firms SAIF Partners and Accel Partners have invested INR250 million ($5 million) in PropTiger Realty, an Indian online property marketing firm.
VC-backed video sites Youku, Tudou announce merger
Youku and Tudou, China’s leading online video companies - both of which are US-listed - will merge in a 100% stock-to-stock to transaction worth over $1 billion. The combined entity will be the country's biggest video platform with a more than 35% market...
IDG, Accel back GlamSmile Asia with $7m
IDG Capital Partners and Accel Partners have jointly invested $7 million for a 31.4% stake in GlamSmile Asia via a capital increase and the provision of replacement capital.
IDG bets on potential e-commerce consolidator
Survival of the fittest is a concept that applies to almost every ambit and rings particularly true in the field of Indian e-commerce of late. Last week Flipkart.com, the country’s largest online retailer, backed by Tiger Global Management and Accel...
Private equity goes to the movies
The economic argument for co-producing films with Chinese partners is compelling, but does the private equity industry have enough local and Hollywood savvy to take advantage of it?
IDG, SAIF inject $14m into Firstcry.com
IDG Ventures India and SAIF Partners have led a $14 million Series B round for Indian e-commerce start-up Brainbees Solutions, which runs the First Cry and GoodLife websites. The deal is thought to be one of India’s biggest venture investments in a...
Smartphone maker Xiaomi secures $90m in VC funding
Chinese smartphone startup Xiaomi Technology has raised $90 million in funding, which values the company at $1 billion. Existing investors Morningside Technologies, Qiming Ventures and IDG Ventures participated in the financing round as well as new participants...
IDG, Accel invest $50m in US hardware firm
Bangalore-based IDG Ventures and Silicon Valley’s Accel Partners have led a $50 million Series A round of funding for Razer, a US gaming hardware company.
IDG-Accel China Growth Fund invests $10m in BlueSprig
San Francisco-based software application provider BlueSprig has received a $10 million Series A round of funding from IDG-Accel’s China Growth Fund. The vehicle, managed by IDG Capital Partners, invests in consumer tech companies with a link to China.
Indian tech VC: Where’s the exit?
MakeMyTrip’s stellar IPO on NASDAQ last year has a host of other companies preparing to follow suit. The implications for VC are unclear
IDG, Helion invest in Indian e-commerce start ups
IDG Ventures India and Helion Venture Partners have invested in two separate e-commerce start-ups sites last week, adding to the perception of India's online shopping space as an effective proxy for capitalizing on consumer and digital growth.
PE-backed SkyLand starts production on China-focused movie
SkyLand, the $100 million China-focused film venture backed by Hollywood entertainment firm Relativity Media, SAIF Partners and IDG China Media, has begun production on the film "21 and Over." It is the company's first movie since announcing its partnership...
Xunlei backs out of IPO due to market volatility
Xunlei, the Chinese software company backed by Morningside Technologies, IDG Ventures and Ceyuan Funds, has shelved plans for a $200 million IPO on NASDAQ.
Innovation Works closes first fund
Tech incubator Innovation Works arose to fill a perceived void in the Chinese market – new business ideas were in abundance but there wasn’t enough capital to get them off the ground. Company founder Kai-fu Lee told AVCJ’s China summit in May that...
PE investment outpaces IPO fundraising by 60% in last six years - report
Private equity and venture capital investment in India reached nearly $50 billion in the last six years compared to $31 billion raised through IPOs during the period, according to a report published by Grant Thornton and the Indian Private Equity and...
Innovation Works closes China internet fund at $180m
Innovation Works, the tech incubator started by Google’s former China head Kai-fu Lee, has closed its debut fund at $180 million. The vehicle, which specifically targets Chinese internet companies, was oversubscribed, the company said.
Tudou raises $174m in NASDAQ IPO
Venture capital-backed Chinese video site Tudou has raised $174 million through its NASDAQ IPO, surpassing the $100-150 million target it set earlier this year.
SAIF, IDG team with Hollywood producer to release Chinese films globally
Hollywood entertainment company Relativity Media has teamed with SAIF Partners and IDG China Media to launch a $100 million fund that will produce and distribute China-focused film content and release it to global moviegoers.
IDG India invests $3m in mobile advertising company
IDG Ventures India has invested $3 million in mobile advertising company Vserv as part of a first round of institutional funding.
Accel targets $125m India venture fund
Accel Partners is targeting a $125 million fund that will be dedicated to India, The Business Standard reported. The California-based venture capital firm is understood to have sounded out various large fund-of-funds about its plans.
IDG invests in Hong Kong's App Annie
IDG Capital Partners has participated in the first round of private equity financing round for App Annie, a Hong Kong-based analytics and marketing intelligence provider. The size of the investment has not been revealed.
NSSF reaches out to private equity firms
The National Council for Social Security Fund (NSSF), China’s state pension fund and best-known LP, is reaching out to private equity firms as it seeks to ramp up investments. It recently signed an agreement with one PE firm, is conducting due diligence...
Venture firms set for windfall from Xunlei IPO
Venture capital investors Morningside Technology Investments, IDG Technology Venture Investment and Ceyuan Funds are on course for profitable exits from Xunlei.com as the Chinese software company filed for a proposed IPO that could raise up to $200 million.
Vancl aims high for US IPO
VC-backed e-commerce retailer Vancl is the latest digital player in the PRC looking to strike it rich on an American bourse, targeting a $1 billion raise and the title of the biggest IPO by a Chinese internet company.