Venture
China's BaishanCloud gets $50m Series C
BaishanCloud, a Chinese data services company with a presence in the US, has closed a $50 million Series C funding round led by Alpha Capital and Chunjia Capital.
Google backs Chinese mobile game streaming platform
Google has participated in a Series D round of funding for Chushou, a Chinese mobile game live streaming platform. The investment takes the company’s total funding to more than $120 million.
VCs invest $32m in China's HaploX Biotechnology
A group of investors including SBCVC and Kexin Capital have backed a $32 million funding round for China’s HaploX Biotechnology.
INCJ joins $33m Series C for Japan's Megakaryon
Innovation Network Corporation of Japan (INCJ) has joined a JPY3.7 billion ($33 million) Series C funding round for Megakaryon, a domestic medical research company.
Chinese smart phone maker gets $136m round
Intel Capital and Hua Capital have co-led a $136 million Series A round of funding for Huaqin Telecom, a Chinese smart phone and tablet manufacturer.
AVCJ Awards 2017: Deal of the Year - Late Stage Technology: Ofo
Ofo and Mobike dominate China’s bike-sharing industry, having raised billions in funding. Investors in Ofo believe they are backing the more sustainable model
AVCJ Awards 2017: Deal of the Year - Early Stage Technology: SenseTime
A university spin-out focusing on technology commercialization, SenseTime has become popular among investors seeking artificial intelligence exposure
China AI chip maker Think Force raises $68m
Shanghai Think Force Electronic Technology, a China-based artificial intelligence (AI) chip maker, has raised a RMB450 million ($68 million) Series A round of funding from Yunfeng Capital, Sequoia Capital China, and Hillhouse Capital.
Microequities backs New Zealand's Fergus
Microequities Venture Capital Fund, a vehicle set up by Equity Venture Partners and Microequities Asset Management, has invested A$3.5 million ($2.7 million) in New Zealand software company Fergus.
VCs in $45m round for Chinese tech news site 36kr
Gobi Partners and China Prosperity Capital have led a RMB300 million ($45 million) round of funding for 36Kr Media, a Chinese online technology news platform.
Rakuten, Techstars launch Singapore accelerator
Japanese e-commerce giant Rakuten has launched a Singapore-based accelerator program in conjunction with Techstars. It is Techstars’ first program in an Asian city.
Finstar commits $50m to Southeast Asia fintech program
Finstar Financial Group, a Russia-based private equity firm focused on financial technology, will invest $50 million in an existing portfolio company as part of a Southeast Asian mobile consumer lending agenda.
Japanese start-up gets $90m for space trips
Innovation Network Corporation of Japan (INCJ) has joined a $90.2 million round for Japanese lunar exploration company iSpace. It is said to be the largest Series A raised in the country to date.
Vertex leads $50m round for China's Guoxiaomei
Vertex Ventures China has led an initial Series C round of funding worth $50 million for Guoxiaomei, a self-service smart shelf operator.
Deal focus: GPs smile at emotive robots
Kaname Hayashi, development leader of SoftBank's Pepper, is working on his own line of emotive robots. Few details have been disclosed but investors were happy enough to commit $57 million in funding
Japanese online media player Candee gets $21.6m round
Eight Roads Japan has led a JPY2.45 billion ($21.6 million) funding round Tokyo-based online media start-up Candee.
SparkLabs hires venture partner for HK fintech accelerator
SparkLabs Global has hired Sameer Chishty, founder and chairman of Hong Kong-based merchant bank Streeton Partners, as a venture partner for its new financial technology accelerator in the territory.
China bike-sharing operator Hellobike raises $350m
Chinese bike-sharing operator Hellobike has raised $350 million in a Series D round of funding from several investors including Alibaba Group’s Ant Financial and Chengwei Capital.
Indian entrepreneurs drawn to corporate VC – AVCJ Forum
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
MicuRx Pharma gets $15m to support China drug trials
MicuRx Pharmaceuticals, a Sino-US bio-pharmaceutical company, has received RMB100 million ($15.1 million) in funding in a round led by existing investors Delian Capital and BVCF.
Consolidation remains key to India VC – AVCJ Forum
Indian venture capital investors see consolidation plays as central to adding value to their portfolio companies and achieving exits, though the specifics of the strategy will vary by industry.
China investors launch $77m cross-border AI fund
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
SBCVC leads $30m round for China healthcare AI firm
SBCVC has led a RMB200 million ($30 million) Series B round for 12 Sigma, a China-based biotechnology company that applies artificial intelligence (AI) technology to medical image diagnoses.
Coatue leads $177m round for Chinese comic book app
Kuaikan Comic, a mobile app that focuses on Chinese comic books, has raised a $177 million Series D round of funding led by Coatue Management.