TMT
CITIC Securities, Shenzhen Capital invest in online art trading platform
CITIC Securities and Shenzhen Capital have invested $100 million in a Series B round of funding for Hihey.com, an online trading platform for Chinese art.
Tencent, Line invest $110m in South Korean game developer
Chinese internet company Tencent Holdings and Japanese messaging app Line Corp. have invested $110 million in 4:33 Creative Labs, a South Korean, VC-backed mobile games developer.
SAIF-backed HomeShop18 abandons US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has abandoned plans for a US IPO.
Silver Lake overcame doubters to secure Alibaba deal – AVCJ Forum
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
VCs worried but enthused by frothy China tech sector - AVCJ Forum
The flood of capital entering China’s technology space is a concern for VC investors, but they remain firm believers in the emerging generation of mobile-enabled consumers that is driving interest in the sector.
Forum Synergies leads Series B round for Indian ethnic clothing retailer
Forum Synergies has led a Series B round of funding worth INR300-500 million ($4.9-8.1 million) for CBazaar.in, an Indian online ethnic fashion retailer.
VC-backed Chinese dating app Momo files for US IPO
Momo, a Chinese location-based social-networking app best known for its “flirting” function, has filed for a US IPO. Backers include Alibaba Group, Matrix Partners, Yunfeng Capital and Sequoia Capital.
GSR commits $2m to China enterprise management app
GSR Ventures has committed $2 million in a Series A round of funding for Waiqin365, a Chinese customer relationship management (CRM) mobile app.
SIG, SoftBank back China wearables maker Codoon
SoftBank China Venture Capital (SBCVC) and SIG Asia have invested $30 million in a Series B round of funding for Codoon, a Chinese wearable electronic devices manufacturer.
Qiming, Innovation Works invest $22m in China Face++
Qiming Venture Partners and Innovation Works have participated in a $22 million Series B round of funding for Face++, a Chinese face recognition technology developer.
Hera Capital re-ups in Philippines-based Cashcashpinoy
Singapore-based private equity investor Hera Capital has committed an additional $2 million in a Series B round of funding for Cashcashpinoy, a Philippines-based online shopping platform.
Malaysia's Axiata launches $30m fund with Mavcap
Malaysian telecom conglomerate Axiata Group has partnered with Malaysia Venture Capital Management (Mavcap) to set up a MYR100 million ($30 million) VC fund to invest in Malaysia’s digital services companies.
Q&A: Draper Associates' Tim Draper
A third-generation venture capitalist, Tim Draper is founder of Draper Associates and founding partner of DFJ. He explains the key ingredients for rolling out the Silicon Valley model at home and overseas
Asian start-up hubs: Global mandates
Innovation hubs have traditionally been defined by the size of their immediately addressable market. But with better access to capital, information and technology, some Asian jurisdictions are going global
IDG, Morningside lead $60m round for China P2P car-rental site
IDG Capital Partners and Morningside Technologies have led a $60 million Series B round of funding for PPzuche, a Chinese peer-to-peer (P2P) car-rental provider launched by Singapore’s iCarsclub.
Matrix, SIG commit $20m to Tencent-backed laundry app
Matrix partners and SIG have committed $20 million in a Series A round of funding for Edaixi, a mobile laundry service app owned by Beijing-based laundry franchise Rongchain.
Intel invests in two Taiwanese tech firms
Intel Capital, the US chip maker's eponymous venture capital unit, has backed two Taiwanese start-ups as part of an overall $62 million investment across 16 technology ventures.
Pakistan online marketplace gets $3.5m from VCs
Pakistan online marketplace PakWheels.com has raised $3.5 million in funding from Malaysia-based venture capital fund Frontier Digital Ventures.
Chinese courier mobile app wins backing from Tencent, Banyan
Tencent Holdings and Banyan Capital have invested $15 million in a Series A round of funding for Renren Kuaidi, a Chinese express delivery mobile app.
Sequoia leads $8m round for Indian car-rental firm Zoomcar
Sequoia Capital has led an $8 million round of funding for Zoomcar, an Indian car-rental start-up, alongside existing investors including Empire Angels, FundersClub, Basset Investment Group and Triangle Growth Partners.
DCM leads $30m Series B for China gay social app
DCM has led a $30 million Series B round of funding for Blued, a Chinese gay dating app.
Catcha launches VC unit for Southeast Asia TMT deals
Southeast Asia-focused media company Catcha Group has launched a venture capital unit that will invest in new media, technology and mobile businesses throughout the region.
China's Highsun plans $245m entertainment, internet fund
Guangdong Highsun Group, Chinese property developer and chemicals producer, is launching a RMB1.5 billion ($245 million) PE fund that will invest in entertainment and internet-related assets.
India taxi-booking app gets $210m round led by SoftBank
India taxi-booking app Ola has raised $210 million in a Series D round of funding led by SoftBank. Existing investors Tiger Global, Matrix Partners India and Steadview Capital also participated.