TMT
China AMTT Digital receives $6.5m Series B round
Beijing-based AMTT Digital Services Group, a hotel digital services provider, has received RMB40 million ($6.5 million) in Series B funding from China Merchants Capital and Shenzhen Green Pine Capital.
China mobile gaming payment firm secures Series B round
Bertelsmann Asia Investment (BAI) has participated in a Series B round of funding for Mo9, a Chinese online game and virtual products credit payment service provider, which also counts Sequoia Capital among its investors. The size of the round was not...
Chinese mobile retailer Xiaomi tipped for new round
Xiaomi, a Chinese smart phone brand founded by angel investor Lei Jun, is finalizing a new round of funding that is expected to value the company at $10 billion.
VC-backed Montage Technology targets $115m US IPO
Montage Technology Group, a China-based semiconductor manufacturer backed by AsiaVest Partners and Intel Capital, is seeking to raise up to $115 million through a NASDAQ IPO. It is set to become only the second PE-invested Chinese company to go public...
Jungle Ventures, Spring Seeds invest in Singapore’s Taggo
Taggo, a marketing start-up that helps retailers turn their Facebook pages into loyalty programs, has raised Series A funding led by Jungle Ventures and Spring Seeds Capital, the investment arm of the Singapore government’s Spring agency.
Nippon Venture Capital invests $1.7m in internet start-up Volare
Nippon Venture Capital has invested JPY170 million ($1.7 million) in Japanese web solutions start-up Volare.
Profile: 500 Startups' Dave McClure
A Silicon Valley veteran of nearly 25 years standing, 500 Startups founder Dave McClure has worked for PayPal and sold a software firm to Intel. Now he is bringing his own brand of angel investing to Asia
China mobile gaming: Buy your way
China's online gaming companies are trying to extend their dominance to the growing mobile segment. Cash-rich and often publicly listed, the strategy is inorganic expansion, both at home and abroad
IDG leads Series A for Chinese online game developer Ejoy
IDG Capital Partners has led in a Series A round of funding for Ejoy, a Chinese online gaming developer formed by former executives at NetEase Group. Financial terms were not disclosed but this latest investment brings the total capital raised by Ejoy...
CyberAgent, Gree, GMO invest in Japan’s Kaizen platform
CyberAgent Ventures, Gree Ventures and GMO Venture Partners have together invested $800,000 in Kaizen platform, the Japanese start-up behind website service planBCD.
SingTel ups Bharti Telecom stake for $296m
SingTel has acquired an additional 3.62% in India's Bharti Telecom (BTL), which controls leading mobile carrier Bharti Airtel, from Temasek Holdings.
Fidelity, F&H invest in Chinese video site Mtime
Fidelity Growth Partners Asia and F&H Fund Management, a China and Southeast Asia-focused investor, have provided a new round of funding for Mtime.com, a Chinese movie web portal. Tiger Global is also an investor in the company.
China Zenith Capital invests $16m in Qingdao Happy View Media
China Zenith Capital has committed RMB100 million ($16 million) in Series A funding to Qiangdao Happy View Media, which provides digital services to the hotel and leisure industry. The investment was channeled through its government-backed investment...
Japan's Alt Plus buys stake in VC-backed Korean mobile game developer
Japanese mobile game developer Alt Plus, has acquired a 10% stake in Emagine, a Korean mobile game start-up backed by Lead Capital Management and Ant Capital Partners. Financial details of the transaction were not disclosed.
Baidu seals $1.85b 91 Wireless acquisition
Baidu has finalized its acquisition of NetDragon Websoft's 91 Wireless, a Chinese mobile app store and game operator, for $1.85 billion.
China hydropower firm buys 38% stake in VC-backed web directory
Zhejiang Fuchunjiang, a Chinese-listed hydropower equipment company, plans to buy a 38% stake in 2345.com, a web directory provider, from its majority shareholder Dongsheng Pang for RMB760 million ($124 million).
China's NetEase Capital invests in S-Game Series A round
China’s NetEase Capital has invested in a Series A round of funding for S-Game, a Chinese gaming developer, also known as Beijing Lingyoufang Network Technology. Details of the investment were not disclosed but it reportedly amounts to several million...
Japan's Globis invests $4.2m in news aggregator
Globis Capital Partners has invested JPY420 million ($4.29 million) in Tokyo-based Gocro, the start-up behind news aggregation app SmartNews.
Kingsoft Cloud secures $20m Series A round led by DST's Milner
Kingsoft Cloud, a cloud computing unit of Hong Kong-listed Kingsoft Group, has received a Series A round of funding worth $20 million, led by Yuri Milner, founder of DST Partners.
Intel Capital commits $8.8m to Indian big data firm NxtGen
Intel Capital, global chipmaker Intel’s corporate VC arm, has invested $8.8 million in NxtGen Datacenter & Cloud Technologies, a Bangalore-based IT infrastructure services provider. The capital will primarily be used to complete NxtGen’s large high-density...
Zodius seed funding supports Antuit's US acquisition
Zodius Capital provided $3 million in seed funding to Antuit, a Singapore-headquartered big data and analytics company. A portion of the capital will be used to finance the purchase of Marketwell, giving the company a readymade footprint in the US market.
Fab raises $5m from Itochu Corp
Online lifestyle store Fab.com has raised $5 million from Japan’s Itochu Corporation, as the two develop a joint venture agreement to bring the company to Japan in 2014.
Scentan Ventures takes part in $2m round for Japanese curation app Antenna
Singapore's Scentan Ventures has joined Tokyo-based strategic investor Macromill in investing JPY1.5 billion ($15.5 million) in Glider Associates, the Japanese startup behind smartphone curation app Antenna, for a 25.6% stake.
Q&A: Rocket Internet's Tito Costa
Rocket Internet, which has raised more than $1 billion in funding in the last year, is known for launching copycats of successful sites. Tito Costa, managing director for Southeast Asia, outlines a different strategy for the region