TMT
SAIF joins Series B as Ayla eyes China expansion
SAIF Partners has participated in a $14.5 million Series B round of funding for Ayla Networks, an internet of things (IoT) platform that wants to expand its cloud-based services into China.
DCM to re-up as China’s Tuniu sets terms for US IPO
DCM and two Chinese strategic investors, Ctrip and Qihoo 360, will invest $35 million in Tuniu through a private placement alongside the online package tour provider’s NASDAQ IPO.
Alibaba, Yunfeng invest $1.2b in Youku Tudou
Alibaba Group and Yunfeng Capital will acquire a combined 18.5% stake in Youku Tudou, a US-listed Chinese online video firm, for $1.22 billion.
China's Ctrip invests $200m in VC-backed Tongcheng
Tongcheng Network Technology, the VC-backed business behind travel site 17u.com and ticketing site LY.com, has received $200 million Ctrip International.
ZhenFund invests $1.6m in China robot education school
China-focused early-stage investor ZhenFund has committed RMB10 million ($1.6 million) in seed funding to Roborobo, a China-based robot teaching school.
Fosun launches VC arm in Silicon Valley
Chinese conglomerate Fosun International has launched a venture capital arm operated in Silicon Valley. The firm, Kinzon Capital, has received $100 million from Fosun to invest in US-based start-ups.
Trustbridge joins round for China food ordering site Meican
Meican, a Chinese food ordering platform, has received an undisclosed sum in follow-on funding from Trustbridge Partners to complete a Series B round of funding.
US-based Weebly secures $35m from Tencent, Sequoia
Tencent Holdings and Sequoia Capital have invested $35 million in a Series C round of funding for Weebly, a US-based web-hosting services provider.
Singapore government backs six local VC funds
The Singapore government has committed S$10 million ($7.9 million) apiece to funds run by Jungle Ventures, Golden Gate Ventures, SBI Ven Capital, Walden International, New Asia Investments and Monk’s Hill Ventures.
Matrix closes third China VC fund at $350m
Matrix Partners has reached a final close of $350 million on its third China-focused fund. It follows a strong first quarter for China venture capital fundraising.
VC-backed Chukong files for US IPO
Chukong Holdings, a Chinese mobile game developer backed by several VC investors, is planning to raise up to $150 million through a US IPO.
Perfect World joins consortium for Shanda Games take-private
Chinese online game developer Perfect World has joined a consortium of investors seeking to privatize its rival Shanda Games in a deal that values the company at $1.9 billion.
PE-backed IMAX, TCL form JV with Wasu Media
IMAX has teamed up with TCL Multimedia Technology to form a joint venture with Wasu Digital Media, a Chinese digital content provider, as part of their home theater initiative.
IDG, Vertex lead $23m round for India's Yatra
IDG Ventures and Temasek Holdings-owned Vertex Ventures have led a INR1.4 billion ($23 million) round of funding for Yatra.com, a leading Indian online travel company.
Warburg Pincus leads $70m round for China job site Liepin
Warburg Pincus has led a $70 million Series C round of funding for Liepin.com, a Chinese online recruitment services provider, with participation from existing investor Matrix Partners China.
China’s LeTV launches $160m internet fund
LeTV.com, a Shenzhen-listed online video portal, is seeking to raise up to RMB1 billion ($161 million) for an internet and technology-focused private equity fund .
Lightspeed bets on financial disruption
Regulation is the primary concern for PE and VC firms considering investments in China’s peer-to-peer (P2P) lending industry. The market opportunity has never really been in doubt. Online P2P lending platforms are a bridge between individual lenders...
Vision Knight’s institutional upgrade
A mark of a successful first fund is increasing interest from institutional investors in its successor.
China online health forum secures $1m from Lightspeed
Lightspeed China Partners has committed $1 million to Kanchufang, a Chinese online healthcare information operator.
VC-backed China cosmetics retailer Jumei targets $400m IPO
Sequoia Capital investee Jumei International Holding, which claims to be China’s leading online retailer of beauty products, is seeking to raise up to $400 million through a NASDAQ IPO.
China’s AutoNavi agrees to be acquired by Alibaba
AutoNavi Holdings, a Chinese digital mapping and navigation firm, has agreed to be acquired by Alibaba Group in a deal valuing the NASDAQ-listed company at $1.5 billion.
Vision Knight closes second China fund at $550m
Vision Knight Capital, a PE firm co-founded by former Alibaba.com CEO David Wei, has reached a final close on its second fund at the hard cap of $550 million.
Japan's B Dash Ventures backs photo curation site Iemo
Japanese VC firm B Dash Ventures has invested an undisclosed sum in Iemo, an interior design-focused photo site.
Lightspeed leads Series B round for China P2P lender PPDai
Lightspeed China Partners has led a Series B round of funding for PPDai, which claims to be China’s first and largest peer-to-peer lending (P2P) platform. Other investors include Sequoia Capital and US-listed wealth management firm Noah Holdings.