M&A
China’s Wanda buys Legendary Entertainment for $3.5b
Chinese conglomerate Dalian Wanda Group has bought leading Hollywood film production studio Legendary Entertainment for $3.5 billion in cash.
China's Ctrip invests $180m in India's MakeMyTrip
Ctrip, a listed travel services firm based in China, has agreed to invest $180 million in MakeMyTrip, India's largest online travel agency.
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.
China online ticketing sites Weiying Times, Gewara to merge
Chinese movie ticket-booking platforms Beijing Weiying Times Technology and Gewara – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge.
SMFG agrees to buy GE's Japan leasing unit for $4.8b
Sumitomo Mitsui Financial Group (SMFG) has agreed to buy GE Capital’s Japan leasing business for JPY575 billion ($4.8 billion) as parent company General Electric continues to pare its assets.
VCs to exit as India's Flipkart invests in MapMyIndia
Indian e-commerce giant Flipkart has committed an undisclosed sum to GPS navigation and location-based services provider MapMyIndia, providing an exit for investors Nexus Venture Partners and Lightbox Ventures.
VC-backed PropertyGuru buys Indonesia's RumahDijual
PropertyGuru, a Singapore-based online real estate portal backed by TPG Capital, Square Peg Capital and Emtek Group, has bought Indonesian property listings site RumahDijual for an undisclosed sum.
Zhejiang Century Huatong to buy China PE-backed gaming assets
Shenzhen-listed Zhejiang Century Huatong Group will acquire game developers China Mobile Games & Entertainment Group (CMGE) and DianDian Interactive for a combined RMB13.5 billion ($2.1 billion), facilitating exits for several PE investors.
Taiwan must think globally, overcome China issues - AVCJ Forum
Taiwan needs to think globally as it looks for ways that domestic companies can leverage growth in other markets, but this means addressing mainland Chinese involvement in the economy.
J-Star owned medical insurer makes bolt-on acquisition
Nihon Hoken Service (NHS), a Tokyo-based insurance agency and insurance solicitation business bought by J-Star earlier this year, has completed the bolt-on acquisition of industry peer Sokisha Corporation.
NXP Semiconductors sells power assets to China’s JAC Capital
NXP Semiconductors, a Dutch chip manufacturer listed in the US, has agreed to sell its entire radio frequency (RF) power business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital).
India tech M&A: Treading water
India’s internet giants are becoming more acquisitive, but they still play a minor role in VC firms’ planning. To raise their influence these companies first need to stabilize their own operations
Partners Group backs China baby products retailer in overseas M&A push
Partners Group has acquired a minority stake in Aiyingshi, a China-based maternity and baby products retailer, with a view to helping the company secure acquisitions and licensing agreements overseas.
China-Taiwan M&A: Strait deals
For the past six years, capital has flowed relatively freely from Taiwan to China while deals going in the opposite direction have faced close regulatory scrutiny. Can wider economic realities redress the balance?
India's PE-backed CarTrade buys rival CarWale
CarTrade, an Indian online used car portal backed by Warburg Pincus and Tiger Global Management, has bought a majority stake in online automotive sales platform CarWale from its owner, German media conglomerate Axel Springer.
Placement agent Eaton agrees sale to Stifel
Placement agent and advisory firm Eaton Partners has agreed to be acquired by Stifel Financial Corp, a US-listed financial services holding company with a strong presence in investment banking and wealth management.
Alibaba agrees Youku Tudou acquisition at $4.8b valuation
Alibaba Group has agreed to acquire US-listed Chinese online video platform Youku Tudou in an all-cash deal that values the company at approximately $4.8 billion.
China travel sites Ctrip, Qunar agree merger
China-based travel services companies Ctrip and Baidu-controlled Qunar have agreed an all-share merger that will create a single dominant player in the domestic hotel and air ticket booking market.
China technology: King content
The proposed acquisitions of online video platform Youku Tudou by Alibaba could be a crucial move in the battle for content being contested by China's internet giants
China’s LeTV buys control in VC-backed Yongche
Chinese media company LeTV Holdings has acquired 70% in Yongche.com, facilitating an exit for existing shareholders in the car rental and taxi-booking app.
Alibaba seeks full ownership of video platform Youku Tudou
Alibaba Group is looking to take full ownership of Chinese online video platform Youku Tudou in a deal that values the US-listed company at approximately $4.2 billion.
Good Resources, Bank of China set up $5b global M&A fund
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kin-Ming Cheng, will set up a joint global MA& fund worth $5 billion in conjunction with Bank of China’s Hong Kong asset management unit.
Deal focus: Dianping-Meituan war reaches logical conclusion
Following the announced merger of Dianping and Meituan, further consolidation is expected in China's online-to-offline (O2O) services market
China internet players Dianping, Meituan agree merger
Rival Chinese online-to-offline (O2O) services platforms Dianping and Meituan – both of which have received substantial private equity and strategic funding – have agreed to merge. It is thought the combined entity would be worth at least $15 billion.