TMT
Accel leads new round for India's TaxiForSure
Accel Partners has led a Series C round of investment for Indian car rental and taxi booking site TaxiForSure.com.
Chinese payment platform completes Series B
Qufenqi.com, a Chinese installment payment platform, has raised a Series B round of funding from Source Code Capital, Golden Summit and BlueRun Ventures.
Alibaba leads Series B round for online education site
Myfriday.cn, a Chinese timetable social mobile app developer, has received a Series B round of funding led by Alibaba Group. Existing investors the Sequoia Capital and Ceyuan Ventures also participated.
China online liquor retailer Jiuxian gets $49m
Jiuxian.com, a Chinese online liquor store, has received a RMB300 million ($49 million) equity investment from China Development Bank International and other undisclosed investors.
SIG, Meridian to exit China digital advertising firm adSage
SIG China and Meridian Capital will exit adSage Corporation after Shanghai-listed BesTV New Media agreed to acquire a majority stake in the digital advertising firm for $88.88 million.
L Capital Asia to invest in Korean talent manager
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, will invest KRW61 billion ($60 million) in YG Entertainment, the Korean record label and talent manager responsible for acts including “Gangnam Style” rapper Psy....
China mobile healthcare developer gets $50m Series C round
Spring Rain Software, a Chinese mobile healthcare app developer, has raised a $50 million Series C round from new investors China International Capital Corp. (CICC), Rushan Investment Management and Temasek Holdings’ Pavilion Capital.
Qiming leads $25m round for China job seeking site Lagou
Qiming Venture Partners has led a $25 million Series B round for Lagou.com, a Chinese job listing website focused on IT industry, with participation from Bertelsmann Asia Investment.
China parenting site raises $24m from IDG, Banyan
Banyan Capital and IDG Capital Partners have invested RMB 150 million ($24 million) in BeiBei, a Chinese online discount retail platform for maternity and baby products.
Fosun VC, CDH commit $16m to China travel site
Fosun Venture Capital Investment and return backer CDH Venture have invested in a RMB100 million ($16 million) Series B round of funding for Lailaihui, a Chinese online travel operator.
Indonesia's Telkom to invest $200m in tech start-ups
Telkom, the biggest information and communication operator in Indonesia, plans to invest $200 million in technology start-ups.
IDG, Morningside commit $20m to China social networking app
IDG Capital Partners and Morningside Technologies have invested $20 million in a Series B round of funding for Maimai, a Chinese social networking app for professionals.
CBC supports China internet security developer FraudMetrix
China Broadband Capital (CBC) has led a Series A+ round of funding for a Chinese internet security firm FraudMetrix, which develops products addressing risk and fraud.
Carlyle, Tiger Global back China mobile classifieds site Ganji
The Carlyle Group and Tiger Global Management have invested $200 million in a further round of funding for Ganji.com, a Chinese mobile classifieds site.
PLDT sees Rocket as proxy for global growth
Smart eMoney, a mobile payment business owned by Philippine Long Distance Telephone (PLDT), first ventured overseas in partnership with Mastercard in 2010.
Japan's Rakuten acquires VC-backed Slice
Japanese e-commerce giant Rakuten has acquired Slice, a US-based e-commerce mobile app backed by Lightspeed Venture Partners and DCM, among others.
Rocket Internet's Foodpanda raises $60m
Foodpanda, an online take-away food delivery marketplace incubated by Rocket Internet, has raised $60 million in a new round of financing from new investor Falcon Edge Capital as well as existing backers.
GGV leads round for Chinese personal finance app Yingying
GGV Capital has led a Series A+ round of funding for Yingying Licai, a Chinese personal finance mobile app.
Gree, Atomico lead $35m Series B for Japan news app
Japanese internet gaming firm Gree, and tech-focused investor Atomico, have led a JPY3.6 billion ($35.4 million) Series B round investment in SmartNews, the Tokyo-based start-up behind the news curation app of the same name.
Legend Star invests in China vacation rentals site Zhubaijia
Legend Star, a Chinese incubator program launched by Legend Holdings and the Chinese Academies of Sciences, has invested $1 million in Zhubaijia, a Chinese vacation rentals website.
VC-backed iDreamSky jumps 6% on debut after $116m US IPO
Shares in iDreamSky Technology - a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures - jumped 6.42% on the firm's NASDAQ debut.
CMC leads $49m round for China entertainment firm Yuehua
CMC Capital has led a RMB300 million ($49 million) Series B round of financing for Yuehua Entertainment, a Chinese music and movie producer. Gravity Media, a Chinese advertising firm, also took part in the round.
Chinese home projector maker XGimi Tech secures $16.5m
XGimi Technology, a home projector manufacturer, has secured a RMB100 million ($16.5 million) Series A round of financing from Shenzhen CDF-Capital.
South Korea mobile loyalty platform raises $3.9m
Daesung Private Equity and Bokwang Investments have invested $3.9 million in Spoqa, the South Korean start-up behind mobile loyalty platform Dodo Points.