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Hony leads $148m investment in VC-backed tour operator Tuniu
Hony Capital has led a $148 million round of funding for Tuniu, a US-listed Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital.
GGV leads Series B for China auto after-sales service platform
GGV Capital has led a $30 million Series B round of funding for Yangche Diandian, a Chinese mobile app that focuses on automotive after-sales services.
Beijing Enlight Media launches $160m VC fund
Chinese media and entertainment group Enlight Media has launched a venture fund with a target of RMB1 billion ($160 million).
China social mobile app Pengpeng raises $17m from VCs
Pengpeng, a Chinese social mobile gaming app, has raised $17 million in a Series B round of funding from KPCB China, Ventech Capital and Magic Stone Alternative Investments.
VC-backed China dating-app gains 26% on US trading debut
Chinese VC-backed mobile dating app Momo gained 26% on its first day of trading on NASDAQ following a $216 million IPO.
NEA commits $5m to India's RezNext
New Enterprise Associates (NEA) has invested $5 million in India's RezNext Global Solution, a platform for managing hotel bookings.
Indian states ban VC-backed taxi apps following rape case
India's state governments have been instructed to ban all unregistered web-based taxi booking services - impacting VC-backed start-ups like Ola and TaxiforSure - following a rape involving a driver contracted by US-based Uber.
Founder of China's Momo hit with misconduct accusations ahead of IPO
Tang Yan, CEO and founder of Chinese VC-backed mobile dating app Momo - which is about to list in the US - has been accused of misconduct while employed by NetEase, his former place of work.
Fosun's Kinzon Capital leads $10.3m round for US start-up
Kinzon Capital, a Silicon Valley-based VC arm of Chinese conglomerate Fosun International, has led a $10.3 million funding round for Connect, a start-up that helps manage social networking and mobile contacts.
BlackRock PE leads $300m round for Korea's Coupang
BlackRock Private Equity Partners has led a $300 million round of funding for Coupang, South Korea’s largest online retailer. It has now raised nearly $500 million from private investors.
AVCJ Awards: Exit of the Year - IPO: Alibaba Group
Alibaba Group’s IPO validated Silver Lake’s faith in the business. Ken Hao, a managing partner at the PE firm, expects the company to go from strength to strength, both in and outside China
AVCJ Awards: Deal of the Year - Venture Capital: Flipkart
Flipkart received $1 billion in funding from a consortium of investors in July. It is ammunition for the arms race currently consuming India’s e-commerce industry
Chinese taxi-booking app Didi Dache raises $700m
Singapore’s Temasek Holdings, DST Global and Chinese internet giant Tencent Holdings have led a new round of funding worth $700 million for Didi Dache, a Chinese taxi-booking app.
Ping An VC, Qiming invest $30m in China car-sharing platform
Ping An Ventures, a VC arm of insurer Ping An Group, and Qiming Venture Partners have co-led a $30 million Series A round of funding for Baojia.com, a Chinese peer-to-peer (P2P) car-sharing platform.
Tech valuations: Ill-fated inflation?
As valuations in the tech space continue to soar, comparisons are inevitably drawn with the dotcom bubble era. Asia can point to favorable fundamentals, but it remains to be seen whether the exuberance is justified
DST leads $100m round for Chinese payment platform Fenqile
DST Advisors has led a $100 million Series B round of funding for Fenqile.com, a Chinese installment payment platform.
Sequoia, Nexus invest $3m in India food-ordering start-up
Indian food-ordering start-up TinyOwl Technology has raised $3 million from Sequoia Capital and Nexus Venture Partners in Series A round of funding.
Lightspeed China backs online travel agency Lulutrip
Lightspeed China Partners has invested in a Series A1 round of funding for Lulutrip, an online travel agency focused on the Chinese outbound market.
Northern Light backs Chinese mobile app service provider
Northern Light Venture Partners (NLVC) has invested $5 million in a Series A round of funding for APICloud, a China-based mobile app cloud service provider.
Capital Today, DST, Hillhouse raise $619m through JD.com share sale
Capital Today, DST Advisors and Hillhouse Capital Management have raised $618.9 million by selling a portion of their shares in JD.com, the Chinese online retailer that went public earlier this year.
Japanese crowdsourcing platform gets $8.5m from VCs
Lancers, a Japanese crowdsourcing platform, has raised JPY1 billion ($8.5 million) from six VC and strategic investors, including Gree Ventures, Globis Capital Partners and GMO Venture Partners.
SoftBank invests $250m in Southeast Asia's GrabTaxi
Japanese tech giant SoftBank Corp. has committed $250 million to GrabTaxi, becoming the largest investor in the Southeast Asia-focused mobile taxi-booking platform.
India VCs see early-stage explosion - AVCJ Forum
India has seen an explosion in early-stage investment opportunities but sorting the wheat from the chaff is a challenge, venture capitalists told the AVCJ Forum.
Xiaomi, Temasek, Kingsoft to invest in China's 21Vianet
Software giant Kingsoft Corporation, smart phone maker Xiaomi and Singapore’s Temasek Holdings have agreed to invest $296 million in 21Vianet, a Chinese internet data center provider.