Technology
Nexus leads $15m round for India data solutions firm
Nexus Venture Partners has led a $15 million Series B round for Indian data center software developer Arkin, along with other investors.
Taiwan launches $120m Silicon Valley VC fund
Taiwan’s National Development Fund (NDF) and Ministry of Science and Technology (MST) have agreed to form $120 million VC fund that will invest in Silicon Valley tech start-ups.
Fund focus: Accel, DJI to expand drone ecosystem
Accel Partners' $75 million investment in Chinese drone maker DJI earlier this month - said to value the company at $8 billion - came with an extra component: the two groups agreed to form a $10 million fund that would back other start-ups in the space.
Corporate VC: Pleasing the parent
Companies want to keep tabs on technological innovation in order to stay relevant in their industries by nurturing Asia’s tech start-ups. However, there is no uniform approach to corporate venture capital
WI Harper, ITIC lead $4m Series A for Taiwan's HWTrek
Taiwan business networking startup HWTrek has raised a $4 million Series A round led by WI Harper and the Industrial Technology Investment Corporation (ITIC), with participation from Legend Star Capital, JD.com, and Global Brain.
CyberAgent Ventures launches $50m Southeast Asia fund
Japan's CyberAgent Ventures (CAV) - the corporate venture arm of the eponymous Japanese internet firm - has launched a $50 million fund focusing on Southeast Asia start-ups.
FountainVest, CMC-backed IMAX China files for HK IPO
The China business of movie theater operator IMAX, in which FountainVest Partners and CMC Capital Partners acquired a 20% stake just over a year ago, has filed for an IPO in Hong Kong.
Silver Lake-backed Avago agrees $37b Broadcom deal
Avago Technologies, a Singapore-incorporated chip maker backed by Silver Lake Partners, has agreed to buy its NASDAQ-listed rival Broadcom Corp. for $37 billion in cash and stock.
Accel, China's DJI launch $10m drone fund
Accel Partners and Chinese drone maker DJI - an Accel portfolio company - have launched a $10 million fund targeting start-ups developing drone-related products and services.
YJ Capital, East Ventures back Japan big data start-up
YJ Capital - the corporate venture capital arm of Yahoo Japan - and East Ventures have invested JPY260 million ($2 million) in Use Local, a Japanese big data start-up.
Deal focus: Go Scale out to dominate global LED
Go Scale Capital, a China-based investment fund sponsored by GSR Ventures and Oak Investment Partners, wants to build the world's largest LED company. It has now announced two notable deals in the space, most recently the sale of a majority stake in its...
Deal focus: China's Remix plans to rattle Windows
"Many people look at us and think we're a hardware company. That's actually not accurate," says Jeremy Zhou, co-founder of Beijing-based Jide Technology. "What we really focus on isn't the hardware product but a new operating system (OS) inside the tablet."
Deal focus: Corporate services consolidation play
Each of the world's four largest corporate service providers, which assist with the formation and administration of companies, trusts and funds, has a private equity backer. They are supplying the firepower for a round of consolidation that could see...
Chinese games platform Egret gets Series B round
Shenzhen Capital Group and Matrix Partners China have participated in a Series B round of funding for Egret Technology, a Chinese internet technology platform that focuses on mobile games development.
Zodius reaches $110m first close on India VC fund
Indian venture capital firm Zodius Capital has reached a INR7 billion ($110 million) first close on its $500 million technology-focused fund being raised in partnership with Avendus Capital.
China's Baozun gains on US debut after smaller-than-expected IPO
Chinese e-commerce platform solutions provider Baozun, which has several strategic and private equity backers, saw its stock gain 3.5% on its US trading debut following an IPO that priced below the indicative range.
Qiming leads $30m round for China internet security firm
Qiming Venture Partners has led a $30 million Series B round of funding for FraudMetrix, a Chinese internet security solutions provider.
US digital payment firm raises $28m for Asia expansion
US-based online payment system developer Ripple Labs is looking to expand in Asia on the back of a $28 million Series A round provided by investors including IDG Capital Partners and AME Cloud Ventures.
IBM, Samurai to launch second Tokyo start-up program
IBM BlueHub - IBM's Japan incubation program - has started taking applications for its second start-up accelerator in partnership with Tokyo-based early-stage investor Samurai Incubate.
Tsinghua buys HP’s China data-networking business – update
Tsinghua Holdings has agreed to buy a majority stake in Hewlett-Packard's (HP) China-based data-networking business for approximately $2.3 billion.
Sequoia leads $16m Series B round for India's Akosha
Indian customer feedback platform Akosha has raised $16 million in a Series B round led by existing investor Sequoia Capital.
Vietnam's FPT launches venture capital arm
Vietnamese tech group FPT Corporation has launched FPT Ventures, its new venture capital and accelerator unit, which will manage a $3 million fund targeting seed and Series A stage investments.
China hardware start-ups: Maker's mark
Best known as the go-to location in China for cheap electronics manufacturing, Shenzhen is now emerging as a Silicon Valley for hardware. Can these start-ups get traction with software-focused VCs?
GGV closes $457m China top-up fund
GGV Capital has raised a $457 million top-up fund for follow-on investments in existing portfolio companies.