USA
Delphi acquires Singapore-focused NuTonomy for $450m
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.
GIP to buy Equis renewable energy portfolio for $5b
Global Infrastructure Partners (GIP) has agreed to acquire 100% of Equis Energy, a project platform of 180 assets under private equity investor Equis Funds Group, for $5 billion. It is said to be the world’s largest renewable energy generation acquisition...
Chinese financial products platform files for US IPO
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
US-Philippines blockchain player gets $16m Series B
A group of Asian and North American venture investors have backed a $16 million Series B round for Abra, a US financial technology company test marketing blockchain-based services in the Philippines.
INCJ, Konica Minolta acquire Ambry Genetics for $1b
Innovation Network Corporation of Japan (INCJ) and imaging giant Konica Minolta have completed a $1 billion joint acquisition of US-based Ambry Genetics, with a view to growing the company in Japan.
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.
US-based VC to invest $20m in Pakistan technology fund
US-based 1839 Ventures has agreed to invest $20 million in a fund launched by the Pakistan government that will invest in domestic technology start-ups.
Regulation: Dialogue in the dark
The Committee on Foreign Investment in the US has a huge a backlog of applications to process and a staffing shortage. Potential buyers have little choice but to be patient
Vickers closes fifth VC fund at $230m
Vickers Ventures Partners has closed its fifth fund, which invests in China, Southeast Asia, India and the US, at $230 million – larger than the firm’s four previous vehicles put together.
Deal focus: JingChi gases up with Qiming investment
Technology developer JingChi is planning to leverage a new commitment from Qiming Venture Partners to take the lead in China's competitive autonomous driving space
India cloud player HighRadius secures $50m
HighRadius, a US and India-based financial technology company focused on cloud computing services, has received $50 million from Susquehanna Growth Equity for a global expansion.
Deal focus: Tonbo looks to move beyond defense
WRV Capital is backing Tonbo Imaging, a provider of night vision technology to the Indian military, as it expands into new markets
Portfolio: ChrysCapital and LiquidHub
Despite coming in as a minority investor, ChrysCapital has been key to the overseas expansion of US-based LiquidHub. The firm credits its active collaboration and unique connections
China's VC-backed Qudian files for US IPO
China-based Qudian, previously known as Qufenqi, a VC-backed micro-lending services provider, has filed for an IPO on the New York Stock Exchange.
Asus launches $50m cross-border VC fund
Taiwan-based hardware giant Asus has launched a $50 million VC fund aimed at helping US start-ups expand in Asia.
Trump blocks sale of Lattice Semiconductor to Chinese GP
US President Donald Trump has vetoed the sale of US-based chip maker Lattice Semiconductor to Canyon Bridge Capital Partners, a private equity firm backed by Chinese LPs, citing national security concerns.
1955 Capital backs US-based Gridtential to expand in Asia
1955 Capital, a cross-border PE firm set up by former Khosla Ventures partner Andrew Chung, has led an $11 million Series B round for US-based energy storage technology developer Gridtential aimed at supporting its Asia expansion.
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.
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.
Alibaba, InnoSpring launch China accelerator
InnoSpring and Alibaba Group have jointly launched an accelerator program in China with a view to helping international start-ups access Chinese markets and ecosystems.
CDH to invest in US housewares maker SharkNinja
China-focused private equity firm CDH Investments has agreed to invest in US-based SharkNinja, taking a significant stake in the small home appliances supplier for an undisclosed sum.
Fundraising: The LP angle
On a recent US trip North American LPs shared their views of the institutional funding zeitgeist
Lilly Asia closes healthcare fund at $450m hard cap
China-focused Lilly Asia Ventures (LAV) has closed its fourth healthcare-focused fund at the hard cap of $450 million.
Profile: Tsing Capital's Don Ye
Don Ye, founder and managing partner for Tsing Capital, is sometimes called the ‘elder statesman’ of cleantech investment in China. Formative years in the US helped him clarify an actionable world view