TMT
Didi Kuaidi, Ola, Lyft, GrabTaxi form global partnership
Ride-hailing apps including India's Ola, China's Didi Kuaidi, Southeast Asia's GrabTaxi and US-based Lyft have announced a strategic global partnership.
TPG, Tillman to buy telecom towers unit from India's Reliance
Reliance Communications, the telecommunications services division of India's Reliance Group, has agreed to sell its tower assets to TPG Capital and Tillman Global Holdings.
DBS to support Singapore’s start-up ecosystem
DBS Bank will invest S$10 million ($7 million) over the next five years in initiatives aimed at supporting Singapore start-ups.
Singapore beauty app Vanitee secures $3.5m
Singapore-based beauty services booking app Vanitee has closed its first round of funding at S$5 million ($3.6 million).
Legend Capital applies to list on China’s New Third Board
Chinese venture capital firm Legend Capital has applied to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
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.
China digital advertising firm iPinYou raises $78m
IPinYou, a Chinese real-time bidding digital advertising platform, has completed a RMB500 million ($78 million) round of funding led by China Mobile Innovation Industry Fund.
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.
China social networking app for runners secures $18m
Joyrun, a Chinese social networking app that targets recreational runners, has completed a $18 million Series B round of funding led by Arena Capital, a local sport-focused venture capital firm.
NGP leads $10m round in China’s Sensoro
Nokia Growth Partners (NGP) has led a $10 million round of funding for Sensoro, a Chinese developer of mobile internet data networks based in the US and China.
China P2P car rental app Atzuche raises $47m
Atzuche, a Shanghai-based peer-to-peer (P2P) car rental start-up, has raised a RMB300 million ($47 million) Series B round of funding from China Pacific Insurance, Ivy Capital, Hearst Capital, Matrix Partners and Ceyuan Ventures.
Highlight provides Series A for China’s eDoctor
Highlight Capital has led a Series A round of funding for eDoctor Healthcare Communications, a Chinese start-up specializing in pharmaceutical marketing solutions.
Japan skills platform gets $4.4m in funding
Coconala, a Japanese skills marketplace formerly known as WelSelf, has raised JPY540 million ($4.4 million) in funding from Jafco, Nissay Capital, SMBC Venture Capital and Voyage Ventures.
SoftBank leads $120m round for India's Grofers
Indian hyperlocal delivery service Grofers has raised $120 million in Series C funding led by SoftBank Corp.
Allianz, Baidu, Hillhouse form Chinese insurance JV
Chinese search giant Baidu, German insurer Allianz and China-based Hillhouse Capital have formed an internet insurance company to distribute insurance products in China.
China’s Renren leads $22m round for US job search platform
China’s social networking platform Renren has led a $22 million Series B round of funding for Shiftgig, a US mobile marketplace for short-term jobs.
China’s Weibo leads $200m round for video app maker
Chinese social media platform Weibo Corporation has led a $200 million Series D round of funding for Yixia Technology, a Beijing-based mobile video app developer.
Mitsui commits $52m to India's Naaptol
Mitsui & Co. Global Investment, the VC arm of Japanese conglomerate Mitsui, has invested another INR3.4 billion ($52 million) in Indian TV shopping and e-commerce platform Naaptol.
Lufax, China private funds to launch online products
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online financial platform controlled by Ping An Insurance Group, has signed agreements with 30 domestic private investment fund managers that will see their products distributed...
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
HNA invests $500m in PE-backed China tour operator Tuniu
China’s HNA Tourism Group has agreed to invest $500 million for a 24.1% stake in Tuniu, a US-listed Chinese online package tour provider that has several PE and VC investors.
Venturra leads $4m round for Malaysia's Kaodim
Venturra Capital, a Southeast Asia-focused VC fund sponsored by the Lippo Group, has led a $4 million Series A round for Malaysian local services marketplace Kaodim.
Carlyle agrees to sell Taiwan's EBC to DMG Entertainment CEO
The Carlyle Group has agreed to sell its majority stake in Taiwan broadcaster Eastern Broadcasting (EBC) to Dan Mintz, CEO of US-based media company DMG Entertainment.