TMT
Warburg Pincus leads $100m round for China logistics player
Warburg Pincus has led a $100 million Series C round of funding for Yunniao Distribution, a platform for sourcing intercity courier services in China.
Temasek leads $145m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
Profile: Garena's Nick Nash
Nick Nash left a career with General Atlantic to work for one of the private equity firm’s portfolio companies. A year later he sees it as one of the best moves he’s ever made
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
India's ShopClues raises GIC-led round at $1.1b valuation
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Uber China raises new funds at $7b valuation
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
Affinity set for over 6x return on Korea's Loen Entertainment - Update
Affinity Equity Partners is set for a more than 6x return on its investment in Loen Entertainment, the Korean equivalent of iTunes, following Kakao Corporation's agreement to buy a majority stake in the business.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Deal focus: IMM initiates unlikely media merger
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
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.
Uber expects China to be bigger than US in 2016
Sam Gellman, general manager of Uber Hong Kong, says the ride-hailing company expects China to be an even bigger market for it than the US in the next year.
VC-backed Qufenqi raises new round, plans domestic IPO
Qufenqi, a Chinese electronic retailer that allows buyers to pay in installments, has completed a new round of renminbi-denominated funding, having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
VC-backed SE Asia e-commerce sites to merge
Moxy and Bilna, two VC-backed Southeast Asia e-commerce sites focused on female customers, have agreed to merge.
China entertainment news app secures $15m
France-based Ventech Capital has led a $15 million Series B round of funding for Happy Juzi, a Chinese entertainment news portal.
SIDBI leads $3m Series A for India's Mycity4kids
SIDBI Venture Capital has led a $3 million Series A round for Indian online parenting portal Mycity4kids, with participation by existing investor YourNest Angel Fund.
India's Nexus re-ups in Blueshift for $8m Series A
Nexus Venture Partners has participated in an $8 million Series A round for portfolio company Blueshift, a US-based automated marketing solutions provider. The round was led by Storm Ventures.
Tata Capital commits $5m to Alef Mobitech
Tata Capital has invested $5 million in Alef Mobitech Solutions, a US-based mobile internet optimization solution developer with offices in India.
SIG Asia joins $57m round for China online travel guide service
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Deal focus: Investors back Benlai’s cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
China B2B steel-trading platform raises $153m
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1 billion ($153 million).
Fuji Startup Ventures backs Japan's The Bridge
Fuji Startup Ventures (FSV), the VC arm of Japan's Fuji TV network, has committed an undisclosed amount of funding to Tokyo-based start-up news site The Bridge, alongside public relations company PR Times.