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Silver Lake backs India edtech player Byju's
Silver Lake has extended a string of large investments for India-based education technology platform Byju’s at a valuation of around $11 billion.
Australia's Blackbird launches New Zealand fund
Australia’s Blackbird Ventures has launched a NZ$60 million ($40 million) New Zealand-dedicated fund with a cornerstone investment of NZ$21.5 million from the government.
China mixed reality player Nreal secures $40m Series B
Nreal, a Chinese manufacturers of advanced virtual reality glasses that resemble normal sunglasses, has raised $40 million in Series B funding led by local video sharing platform Kuaishou.
Singapore's Livspace raises $90m Series D
Singapore-based home interiors renovation platform Livspace has raised a $90 million Series D round featuring TPG Growth and Goldman Sachs.
Sequoia leads Series B for Chinese coffee brand
Saturnbird, a Chinese coffee brand, has raised more than RMB100 million（$14 million) in a Series B funding round led by Sequoia Capital China. Existing backer Frees Fund re-upped.
3one4 hits first close on third India VC fund
India’s 3one4 Capital has reached a first close on its third flagship early-stage venture capital fund.
Korean wave: Killer content
From Oscar-winning films to record-breaking pop bands, Korean content has started to replicate its success in Asia in the West. Venture capital investors are looking for ways to ride the K-wave
TPG, KKR invest $220m in Singapore's PropertyGuru
Singapore-based real estate portal PropertyGuru has confirmed S$300 million ($220 million) in new commitments from existing backers TPG Capital and KKR.
Fund focus: MDI leads the way in Indonesia
MDI Ventures has seen a significant step-up in fund size because the success of Indonesia’s start-up ecosystem in recent years means investors need more firepower
CDC commits $10m to India's Chiratae
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.
India venture capital: Local largesse
India’s venture capital industry is entering a new decade with a growing pool of local early-stage managers, a wider variety of funding sources, and a host of new risks and opportunities
US-China tensions worry tech investors - M&A Forum
Asia technology investors warned that an escalation in US-China tensions that impedes the development of start-ups will ultimately cost end-consumers as well as public market investors.
Taiwan AI player iKala gets $17m Series B
Taiwan-based IT hardware manufacturer Wistron has led a $17 million Series B round for local enterprise-facing artificial intelligence (AI) developer iKala.
Indonesia's MDI Ventures raises $500m fund
MDI Ventures, the corporate venture capital arm of state-controlled Telkom Indonesia, has closed its latest fund at $500 million.
Hillhouse founder emphasizes tech transformation opportunities
The most attractive investment opportunities in a post-COVID-19 world involve helping traditional businesses that have been “victims of the creative destruction of technology” play catch-up, according to Lei Zhang, founder and CEO of Hillhouse Capital....
Xiaomi-backed Soocas raises $25m pre-IPO round
Soocas, a Shenzhen-based electric toothbrush maker backed by smart phone maker Xiaomi has raised a RMB175 million ($25 million) pre-IPO round led by Grand Flight Investment Management.
Tencent plots merger of China live-streaming platforms
Tencent Holdings has proposed a merger of Douyu and Huya – China’s two largest game-centric live-streaming platforms. Both NASDAQ-listed companies have a number of VC investors.
ByteDance acquires Chinese medical platform for $72m
ByteDance, the PE-backed owner of TikTok and the Toutiao news aggregation service, has acquired VC-backed Chinese medical information platform Baikemy for RMB500 million ($72 million).
MUFG launches Singapore venture debt business
Japan’s MUFG Bank has set up a Singapore-based venture debt business alongside Israeli financial technology start-up Liquidity Capital. Its debut fund has been set up with an initial $80 million.
India used car platform Spinny acquires rival Truebil
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.
India's Byju's acquires online coding school
Byju’s, an Indian online learning platform backed by several PE and VC firms, has acquired WhiteHat Jr, a platform that helps students learn to code.
China IPOs: Onshore attraction
The valuations available on China's booming Star Market are prompting US dollar managers to consider restructuring companies for onshore listings. How long will the fervor last?
Deal focus: Fave wins endorsement for ecosystem pivot
Having found online-to-offline services and mobile payments too crowded, Malaysia's Fave turned itself into a digitization guide for small businesses. Collaboration with India's Pine Labs should strengthen its offering
Microsoft seeks to acquire TikTok assets from China's ByteDance
Microsoft Corporation wants to continue discussions over the purchase of the US operation of TikTok from PE-backed Chinese technology giant ByteDance amid threats from US President Donald Trump to ban the short video platform.