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Shunwei invests $10m in Chinese female social networking site
Shunwei Capital Partners has committed $10 million in Series B funding to 520guimi.com, a female-focused social networking site in China.
VC-backed iMoney gets funding from Australia's iSelect
IMoney Group, a Malaysia-based financial comparison start-up backed by Jungle Ventures, has received approximately MYR13 million ($4 million) from iSelect, an Australia Securities Exchange-listed online comparison service.
Accel, Ribbit lead $35m round for Australian invoice app
Australia-based invoicing app Invoice2go has received $35 million in a Series A round of funding led by Accel Partners and Ribbit Capital. The company was founded in 2002 but this is its first external funding.
KPCB leads $50m round for China video app
KPCB has led a $50 million Series C round of funding for Chinese video app Miaopai, with participation from Sina, Redpoint Ventures and StarVC, a VC firm launched by a group of Chinese celebrities.
IDG invests in Chinese mobile tech player AVOS Cloud
IDG Capital Partners has invested in a Series A round of funding for AVOS Cloud, a Chinese mobile back-end as a service (BaaS) provider. Financial terms were not disclosed.
Tiger Global commits $30m to India property portal
Tiger Global has invested $30 million in India-based property listings website CommonFloor.com, which is ultimately expected to pursue a public listing.
Lightspeed leads $10m round for China P2P car-sharing site uuzuche
Lightspeed China Partners has led a $10 million Series A round of funding for uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform.
China food-ordering platforms: Stand and deliver
Competition is increasing in China's online food delivery market as VC investors back start-ups looking to achieve scale ahead of expected consolidation. How asset-heavy should the business model be?
Morningside bets on social network
"We currently have a large position in Apple. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come." This 24-word Tweet, comprising just 111 characters, managed to push up Apple's value by $12 billion in less than...
Southeast Asia e-commerce: Logistics logjam
Southeast Asia is expected to see rapid growth in e-commerce over the next five years. But are there enough competent logistics providers to deliver the goods in a timely and cost-effective fashion?
Second hand, first place
Manheim, the world's largest automobile auction provider, was a project more than 30 years in the making. The company facilitates sales of used cars worth $46 billion annually, dominating a US market that trades 40 million vehicles a year.
What now, Alibaba?
Chinese online furniture retailer Meilele started out life as a store within Taobao, Alibaba Group's C2C e-commerce platform in 2008. The company's transactions ran through the Taobao platform, with online payment service Alipay collecting monies owed....
Sinarmas supports Ardent Capital's Southeast Asia expansion
Southeast Asia-focused e-commerce investor Ardent Capital has received $12.5 million in funding led by Indonesian conglomerate Sinarmas. Existing backers also participated.
Legend leads $50m round for China online finance site Tongbanjie
Legend Capital has led a $50 million Series B round of funding for Tongbanjie, a Chinese online finance mobile app, with participation from existing investors IDG Capital Partners and China Growth Capital.
Matrix invests in India's Red Monster
Matrix Partners India has invested an undisclosed sum in mobile game developer Red Monster Games.
India local-language media start-up gets $16m from VCs
Sequoia Capital has led a INR1 billion ($16.4 million) round of funding for Verse Innovation, owner and operator of India-based local-language mobile platform NewsHunt.
Alibaba shares surge 38% on US trading debut
Shares in Alibaba Group soared 38.07% in their first day of trading on August 19, following a $21.8 billion IPO on the New York Stock Exchange (NYSE).
Qiming commits $10m to China car rental platform Zuzuche
Qiming Venture Partners has invested $10 million in a Series A round of funding for Zuzuche.com, a Chinese third-party car rental platform.
Lazard PE buys majority stake in Australia's Skybridge
Lazard Australia Private Equity has acquired a majority interest in Skybridge, an Australian satellite broadband services provider, for an undisclosed sum.
China Haier VC, SAIF launch smart home industry fund
Qingdao Haier Venture Capital (Haier VC), a corporate VC arm of Chinese white goods maker Qingdao Haier, has teamed up with SAIF Partners to form a RMB320 million ($32 million) smart home-focused VC fund.
Alibaba sets terms for $21.8b IPO
Alibaba Group will raise $21.8 billion in its IPO after pricing shares at the top end of the indicative range. The Chinese internet company could end up with as much as $25 billion if the overallotment option is fully exercised.
Xiaomi Ventures backs China health products maker
Xiaomi Ventures, a corporate VC unit of Chinese mobile phone maker Xiaomi, has paid $25 million for a 20% stake in iHealth, an offshore unit of healthcare electronics maker Andon Health.
New Zealand's Shuttlerock raises $2.35m Series A
Shuttlerock, a New Zealand-based visual marketing software company, has raised $2.35 million in a Series A round of funding.
Tencent, Morningside commit $20m in China travel site
Tencent Holdings has led a $20 million Series B round of funding for Woqu.com, a Chinese outbound travel start-up, with participation from existing investor Morningside Technologies.