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Tiantu re-ups in Chinese online grocer FreshMarket
China-based online grocery retailer FreshMarket has secured an extended Series C round of funding worth RMB290 million ($44 million) led by its existing investor Tiantu Capital.
Hong Kong's TNG Fintech raises $115m Series A
Chinese private equity firm NewMargin Capital has led a $115.3 million investment in Hong Kong’s TNG Fintech. It is said to be the largest Series A round for a Hong Kong start-up to date.
Seven Seas leads $54m round for China robot start-up
Seven Seas Partners, a Sino-US cross-border VC firm founded by a former executive at Tencent Holdings, has led a RMB350 million ($54 million) Series B round of funding for Roobo, a home service robot developer.
SoftBank Vision Fund leads $250m round for India's Oyo
SoftBank Vision Fund, the global technology investment vehicle managed by Japan’s SoftBank Group, has led a $250 million Series D round for Indian online hospitality platform Oyo.
China clothing rental site Yi23 raises $50m
China-based Yi23, a female clothing rental platform, has raised a $50 million Series C round of funding jointly led by Alibaba Innovation Ventures, SBCVC and Sequoia Capital.
Moving time: How VCs replace start-up CEOs
From Uber to Flipkart, there are high-profile examples of founders being replaced as CEOs of their start-ups. It isn’t common practice in Asia, and for reasons of corporate culture, this isn’t likely to change
China's Withinlink seeks $30m for VC fund
China-based start-up incubator and early-stage investor Withinlink is targeting $30 million for its second venture capital fund to help US companies enter the Chinese market.
IFC commits $10m to India's Power2SME
The International Finance Corporation (IFC), the investment arm of the World Bank, has invested $10 million in Indian business-to-business e-commerce start-up Power2SME.
VCs back China smart vending machine operator
Citybox, a China-based smart vending machine operator, has secured a $15 million Series A round of funding from GGV Capital, Yunqi Partners, Blue Lake Capital and ZhenFund.
China’s Qingsong raises $129m early-stage tech fund
Qingsong Fund, a Chinese VC firm formed by Alvin Liu, an angel investor and co-founder of Tencent Holdings, has closed its third renminbi-denominated fund at RMB850 million ($129 million).
China cloud services provider Abcfintech raises $30m
Abcfintech, a China-based cloud services provider, has raised a combined $30 million through an angel round and Series A round.
Korean fintech: Financial times
Korea’s financial technology sector is affording start-ups disruption opportunities based on an outdated infrastructure environment. Early movers are experimenting with a number of business models
BlueRun, Tencent back Chinese healthcare services platform
BlueRun Ventures and Tencent Holdings have co-led a RMB160 million ($24 million) Series A round of funding for Shuidi, a China-based healthcare services platform that aims to help people pay for medical services.
India's Treebo Hotels raises $34m
Treebo, a VC-backed Indian budget hotel chain, has raised $34 million in a Series C funding round led by Hong Kong-based investors Ward Ferry Management and Karst Peak Capital.
Toyota invests in Southeast Asia's Grab
Toyota Tsusho, a division of Japanese automotive giant Toyota Group, has joined the latest funding round for Southeast Asian ride-hailing app operator Grab.
Q&A: TMON Chairman Daniel Shin
Daniel Shin, chairman of TMON – formerly known as Ticket Monster – dissects the competitive Korean e-commerce space, with an eye on how new technological applications can provide an operational edge
India's VC-backed Freshworks acquires domestic marketing player
Freshworks, an India and US-based cloud business software developer with several VC backers, has acquired Indian marketing software start-up Zarget.
Yunfeng, Alibaba invest $152m in Chinese cloud storage firm
Qiniu Information Technology, a Shanghai-based cloud storage and computer technology developer, has completed a RMB1 billion ($152 million) funding round led by Alibaba Group and Yunfeng Capital, a GP co-founded by Alibaba chairman Jack Ma.
Hong Kong’s GoGoVan merges with 58 Daojia freight unit
Hong Kong-based GoGoVan, a VC-backed logistics start-up, and 58 Suyun, a freight unit of Chinese online-to-offline local services platform 58 Daojia, have agreed on an all-share merger that will create Asia’s largest online platform in the intra-city...
Singapore's VC-backed Grab commits $100m to Myanmar
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to investing $100 million into a Myanmar expansion strategy across the next three years.
China Life, Baidu launch $1b tech PE fund
China Life Insurance Group and internet search giant Baidu have agreed to form a RMB7 billion ($1 billion) private equity fund to invest in technology companies.
SoftBank Group, Vision Fund invest $4.4b in WeWork
US-based co-working space operator WeWork has received commitments totaling $4.4 billion from Japan’s SoftBank Group and its SoftBank Vision Fund.
China's PE-backed Ele.me merges with Baidu Waimai
Ele.me, a Chinese food delivery ordering platform backed by Alibaba Holdings and several private equity investors, has confirmed its merger with Baidu Waimai, the food delivery business of Chinese internet giant Baidu.
VCs invest $16m in India's Ezetap
JS Capital Management has led a $16 million funding round for Indian mobile payment solutions provider Ezetap.