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Sequoia leads $12.5m round for China app tech developer
Sequoia Capital has led a $12.5 million Series B round for Easemob.com, a Chinese provider of mobile communication services, with participation from SIG China and Matrix Partners China.
Chinese celebrities in VC: Profile booster
Chinese celebrities are entering the venture capital space, offering start-ups endorsement as well as financial support. But can a pop star’s cachet translate into long-term sustainable growth?
India's furniture retailer Pepperfry raises $100m
Online furniture retailer Pepperfry has raised $100 million in Series D funding from a group of investors including Goldman Sachs and Zodius Technology Fund.
China after-school tutoring app raises $24m
Entstudy.com, a Chinese after-school tutoring mobile app, has raised $24 billion in an extended Series B round from two domestic VC firms: Kun Ling Capital and Sharing Capital.
GGV leads round for China B2B drug retail platform
GGV Capital has led an extended Series A round of funding for Ypzdw.com, a Chinese online B2B drug retail platform. Existing investor Matrix Partners China also participated.
NLVC leads Series A for China online car retailer
Northern Light Venture Capital (NLVC) has led a Series A round of funding for Maihaoche.com, a Chinese automotive e-commerce platform that specializes in parallel imports.
VC-backed China parenting site Babytree raises $300m
Chinese online beauty products retailer Jumei International has led a $300 million round of funding for Babytree, a Chinese parent-focused social platform backed by several VC investors.
DCM closes second Android fund at $100m
DCM has raised $100 million for its second Android-focused fund, which will target start-ups building apps for Google’s mobile operating system.
Leading Capital backs take-private for China’s Mecox Lane
China health, beauty and lifestyle products retailer Mecox Lane has received a take-private offer from majority shareholder Cnshangquan in conjunction with private equity firm Leading Capital. It values the business at approximately $52 million.
Singapore's Qoo10 raises $82.1m Series A
Singapore-based Giosis, which manages e-commerce site Qoo10, has raised $82.1 million in a Series A round led by Singapore Press Holdings (SPH).
Tiger Global, Flipkart commit $12m to India's NestAway
Indian e-commerce giant Flipkart and its backer Tiger Global have together invested INR760 million ($12 million) in online home rentals start-up NestAway.
China angels: Divine intervention
Angel investors, both unsophisticated amateurs and industry-savvy professionals, are flooding into China’s tech sector in search of stellar returns. Everything looks great as long as the market keeps on going up.
Deal focus: Fastacash brings payments everywhere
Digital networks are remaking communication patterns across the world; where people living abroad once relied on postal services and analog telephone lines, now their loved ones are just an instant message away.
Fund focus: Shunwei raises $1b, eyes growth deals
The line between venture and growth capital in China has always been blurred, and in recent years it has become more so as start-ups raise ever larger private rounds. Nevertheless, based on AVCJ Research’s records, with $1 billion at its disposal across...
Deal focus: Blume re-ups with RoadRunnr
With the mega-rounds raised by the likes of Snapdeal and Flipkart grabbing headlines over the past 18 months, the e-commerce space has been at the vanguard of India’s venture capital boom. But as well as offering a platform for a new generation tech...
Vivo Capital leads Series B for China’s cosmetic surgery app
Healthcare specialist Vivo Capital has led a Series B round of funding for Gengmei, a Chinese cosmetic surgery social networking app, with participation from Sequoia Capital.
Sequoia leads $3.25m round for Malaysia's KFit
Malaysian online fitness platform KFit has raised $3.25 million in a funding round led by Sequoia Capital.
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
CDB invests $242m in VC-backed eHi Car Services
China Development Bank (CDB) has agreed to provide RMB1.5 billion ($242 million) to eHi Car Services, China’s second-largest automotive rental services provider, which is backed by several VC investors.
Tiger Global leads Series A for India online hotel booker
Tiger Global Management has led an undisclosed Series A round for Zostel Hospitality, the Indian start-up behind online budget hotel booking platform Zo Rooms. Orios Venture Partners also took part in the round.
VCs commit $18m to Chinese students' e-commerce platform
Imcoming.cn, a Chinese mobile e-commerce platform aimed at students, has completed a RMB110 ($18 million) Series A round of funding led by Greenwoods Investment and Sharing Capital.
Snow Leopard invests $1.6m in India's QuikWallet
LivQuik, the Mumbai-based developer of mobile payment app QuikWallet, has raised $1.6 million from existing backer Snow Leopard Technology Ventures.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.