TMT
China's Qunar receives take-private bid
Chinese private equity firm Ocean Management has made a take-private offer for domestic travel site Qunar that values the US-listed company at about $4.4 billion.
SAIF commits $3.5m to India's FarEye
Indian logistics management software developer FarEye has raised a $3.5 million Series A round from SAIF Partners.
China's Poly Real Estate commits $380m to Didi via PE fund
Chinese state-owned Poly Real Estate Group has set up a private equity fund worth RMB2.5 billion ($380 million) to invest in Chinese leading ride-hailing app Didi Chuxing as part of its latest round.
Fund focus: Rising tide floats Golden Gate fund
Golden Gate Ventures has raised a new $60 million fund for investments in Southeast Asia's burgeoning mobile internet sector
China vacation rental site Tujia acquires VC-backed peer Mayi
VC-backed Chinese vacation-rental website Tujia.com has agreed to take control of its industry peer Mayi.com, which has also received venture investment, for an undisclosed sum.
SoftBank exits Finland's Supercell to Tencent in $10.2b deal
Tencent Holdings has agreed to buy a majority stake in Finland-based mobile game developer Supercell, allowing SoftBank to exit its entire holding in the company in a deal valuing it at $10.2 billion.
Indian government announces FDI liberalization
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
NewMargin leads $10.6m round for China's Flower Plus
NewMargin Ventures has led a RMB70 million ($10.6 million) Series A round of funding for Flower Plus, a Chinese mobile flower ordering platform.
Lei Jun, CEO withdraw take-private proposal for China's YY
The chairman and CEO of YY, a VC-backed Chinese social networking platform, have withdrawn their take-private bid for the company. The move comes as regulators study the impact of overseas-listed companies re-listing domestically through IPOs, M&A and...
Sequoia leads $20m Series B for India's Voonik
Indian personalized fashion portal Voonik has raised a $20 million Series B round of funding led by existing investor Sequoia Capital.
China parenting site Beibei raises further $100m
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
China's Fenqile receives $235m in Series D funding
Fenqile, a Chinese installment payment platform, has received $235 million from investors including Huasheng Capital, CoBuilder Partners and an unnamed Chinese insurance company.
China's Didi Chuxing raises $7.3b in equity, debt financing
Didi Chuxing, China’s leading ride-hailing app operator, has raised $7.3 billion in new funding, comprising $4.5 billion in equity and $2.8 billion in debt. The round is said to value the company in excess of $25 billion.
Golden Gate closes $60m SE Asia VC fund
Singapore-based Golden Gate Ventures has closed its second early-stage venture fund focused on Southeast Asia at $60 million.
H&Q leads $30m round for Chinese car rental site Huizuche
H&Q Asia Pacific has led a RMB200 million ($30 million) Series B round of funding for Huizuche.com, a Chinese car rental platform for outbound tourists.
US AR specialist Meta raises $50m for China expansion
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.
Chinese strategic to buy VC-backed US marketing platform
Spearhead Integrated Marketing Communication Group, a Beijing-based offline marketing service provider, will buy Smaato, a California-based mobile ad exchange backed by Singapore's EDB Investments (EDBI) and Singapore Press Holdings.
China's Chenhui Capital, Lancy Group launch Sino-Korean fund
Chinese GP Chenhui Venture Partners have teamed up with one of its LP – Shenzhen-listed company Lancy Group – to create a Sino-South Korea PE fund that will invest in consumer and technology companies.
China online sports platform Banana Games raises $23m
Banana Games Media, a Chinese electronic sports platform founded by Xicong Wang, the son of Chinese billionaire Jianlin Wang, has raised a RMB150 million ($23 million) Series A round of funding from IDG Capital Partners.
China Life invests $600m in Didi Chuxing
China’s leading ride-hailing app operator Didi Chuxing has received about $600 million from China Life Insurance as part of its latest fundraising effort.
China Online Education slips on trading debut, VCs re-up
VC-backed China Online Education Group closed marginally below its offering price on the first day of trading on the New York Stock Exchange, following an IPO worth $45.6 million. Existing backers Sequoia Capital and DCM concurrently committed an additional...
Microsoft, Salesforce lead $23m round for India's Helpshift
Microsoft Ventures and Salesforce Ventures have led a $23 million Series B round for Indian customer service platform Helpshift.
iSigma acquires Japan cybersecurity company
ISigma, a mid-size buyout firm controlled by Japanese trading and investment conglomerate Marubeni, has acquired domestic cybersecurity platform provider VarioSecure.
Deal focus: PE targets China's gay community
Vision Knight Capital invests in Chinese gay social app Blued to leverage customer loyalty