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China Angel Plus raises $100m to back US start-ups
Angel Plus, a Chinese early-stage VC fund established by Michael Yu, co-founder of New Oriental Education, has launched a debut US dollar-denominated fund worth $100 million.
India VC: Growing pains
The growth potential of India’s technology sector is unquestioned, but there have been relatively few spin-outs to threaten the incumbents. A couple of track record-boosting IPOs would help matters
Everbright ReInfore leads $102m round for China retail portal
Everbright Reinfore, a China-focused PE firm under the China Everbright Group umbrella, has led a RMB700 million ($102 million) Series B round for Beijing DS365 Technology, which operates an online retail portal.
India's Kalaari Capital backs two domestic start-ups
Indian technology investor Kalaari Capital has invested $6 million across domestic start-ups, AffordPlan and Active Intelligence.
WiL leads $26m round for Japan cross-border e-commerce site
Inagora, a cross-border e-commerce platform that focuses on selling Japanese products, has completed a Series B round of funding worth $26 million led by World Innovation Lab (WiL), a US and Japan-based early-stage investor.
China’s Suning leads round for PE-backed Yiguo
Yiguo, a Chinese PE-backed online fresh food retailer, has completed an extended Series C round of funding led by domestic home appliance retailer Suning Commerce Group.
VC-backed KFit buys Groupon Malaysia
Malaysian gym membership app KFit, whose VC backers include Sequoia Capital and Venturra Capital, has acquired Groupon Malaysia.
WI Harper forms Sino-US fund with Chinese investors
Early-stage VC firm WI Harper Group has teamed up with two Chinese investment funds – Luxin Venture Capital Group and Shandong Leader Equity Investment Fund – to launch a cross-border fund that will invest in start-ups in China and the US.
Pagoda leads $100m Series C in China's Tiantian Paiche
China-based private equity firm Pagoda Investment has led a $100 million Series C round of funding for domestic online used car trading platform Tiantian Paiche.
China financial data firm Quant Group raises $73m
Quant Group, a China-based financial big data company, has completed a RMB500 million ($73 million) Series C round led by China’s Sunshine Insurance Group.
China online dancing content app Tangdou raises $20m
Tangdou.com, a Chinese online platform through which users can share their dancing experiences and join recreational dance groups, has completed a $20 million Series B round of funding across two tranches.
Infosys backs Stellaris' debut India venture fund
Indian IT and business consulting firm Infosys has made a INR31.6 million ($4.6 million) LP commitment to the debut fund of Stellaris Venture Partners, a spin-out from Helion Venture Partners.
Lightspeed leads $4m round for India's ShareChat
Lightspeed Venture Partners has led a $4 million Series A round for Indian social networking platform ShareChat.
Draper Nexus raises $175m for US-Japan fund
US-Japan cross-border investment firm Draper Nexus Venture Partners has closed its second fund at $175 million.
China’s Ctrip to acquire VC-backed UK travel site Skyscanner
China’s largest online travel site Ctrip.com has agreed to buy Skyscanner, an airfare comparison website backed by VC investors, in a deal valuing the UK-based company at approximately GBP1.4 billion ($1.74 billion).
Sequoia, Mayfield in $19m Series C for India's Knowlarity
Sequoia Capital India and Mayfield have participated in a INR1.3 billion ($19.3 million) Series C round for Indian cloud telephony solutions provider Knowlarity Communications.
Sequoia invests $5m in India's Vymo
Sequoia Capital India has committed $5 million in Series A funding to Vymo, an enterprise sales assistant based in India and the US.
Foxconn backs Chinese image recognition software developer
Megvii Technology, a China-based image recognition software developer, has received $20 million from Taiwan’s Foxconn Technology as part of its Series C round of financing.
Fund focus: Long Hill aspires to specialization
With the support of his former employer, New Enterprise Associates, Xiaodong Jiang has gone independent with Long Hill Capital. Early-stage healthcare and consumer services are now in his sights
RRJ invests in China HNA’s internet finance platform
RRJ Capital has led a $200 million Series A round for Jubaohui, an internet finance platform established by Chinese conglomerate HNA Group.
China video app developer Yixia raises $500m round
Chinese social media platform Weibo Corporation has led a $500 million Series E round of funding for Yixia Technology, a Beijing-based video app developer.
India's Quikr buys Sequoia, Kalaari-backed Grabhouse
Indian classifieds site Quikr has purchased Grabhouse, a rental property listing platform backed by Sequoia Capital and Kalaari Capital.
China's CMC, Enlight back IMAX's VR fund
Two Chinese media players – sector specialist PE firm CMC Capital Partners and entertainment content provider Enlight Media – are among the first group of LPs in a virtual reality (VR) fund raised by IMAX Corporation and its Hong Kong-listed Chinese...
IFC proposes $20m investment in China's Huochebang
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million to China-based online logistics platform Huochebang.