Venture
China securities regulator to rein in IPO pricing
The China Securities Regulatory Commission (CSRC) has revised guidelines on new share issuance, requiring the selling party to disclose additional and detailed information if it prices its IPO at a price-to-earnings (P/E) ratio 25% higher than the average...
CBC sets up Chinese venture with Evernote
China Broadband Capital (CBC) is working with US-based app maker Evernote on a China joint venture. It comes after the PE player led a $70 million Series D investment in the company alongside Meritech Capital.
China VC investment lowest in five years – VentureSource
Venture capital investment in China fell to its lowest level in more than five years in the first quarter of 2012, according to Dow Jones VentureSource. A total of 45 deals were completed, raising $745 million, down 39% by volume and 56% by value on the...
Intel Capital's Kuppam adds Taiwan, Korea to his Asia portfolio
Intel Capital’s Asia Pacific Managing Director Sudheer Kuppam will assume responsibility for investment activity in Taiwan and Korea, adding to his existing coverage of India, Japan and Southeast Asia. Based in India, he will oversee a team of investment...
PE firms lag behind VCs in adopting social media
Venture capital firms have long embraced social media for everything from networking with entrepreneurs to sparking dialogue about industry trends. Why are private equity players so slow to join in?
Accel, IDG back Forus Health with $5m
Venture capital firms Accel Partners and IDG Ventures India have led a $5 million Series A round of funding for Indian medical technology company Forus Health.
Nanostart launches Asia Pacific arm in Singapore
German-based nanotechnology VC investor Nanostart has created a new company, Nanostart Asia Pacific, as part of its expansion into the region.
VC firms support Japan-US drug development alliance
Drais Pharmaceuticals, a US-based firm backed by InterWest Partners and Sutter Hill Ventures, will form a partnership with Japan’s Astellas Pharma to jointly develop a new line of drugs. Astellas has agreed to transfer assets to Drais-operated Telsar...
Has the China online video story run its course?
The merger of online video sites Youku and Tudou ensures market dominance, but they must still bring costs under control in a competitive environment. Investors are advised to sell up or stay out
InnoSpring launches US-China technology incubator
InnoSpring, Silicon Valley's first US-China technology incubator, began operations last week to support the expansion of US and Chinese start-ups beyond their home countries. The incubator also announced the establishment of its InnoSpring Seed Fund....
Tencent backs Korean mobile messager Kakao
Tencent has teamed up Korean online games developer Wemade Entertainment to invest KRW92 billion ($80 million) in Kakoo Talk, a popular Korean mobile messaging application.
Vision Knight's value-add proposition
Much is expected of China's online advertising industry. Worth RMB51 billion ($8.1 billion) in 2011, up 57% year-on-year, the market is tipped to top RMB187 billion by 2015. As former CEO of Alibaba.com, the country’s leading B2B marketing portal, David...
Mitsui Global Investment backs Belgian pharma firm
Mitsui Global Investment, a subsidiary of Japan's Mitsui & Co, has participated in a Series B round worth EUR23.6 million ($31.4 million) for Belgian pharmaceutical company Promethera Biosciences.
Helion remains committed to early-stage deals
Helion Venture Partners has restricted its third fund to $255m despite oversubscriptions. It will continue to focus on early-stage investments in the technology and consumer space
China's corporates embrace VC
Once start-ups in their own right, China’s leading technology companies are emerging are key players in the corporate venture capital space. What does it mean for incumbent investors?
VC-backed Anaphore bolts on China's RuiYi
Anaphore, a US developer of protein pharmaceuticals backed by VC firms 5AM Ventures and Versant Ventures, has acquired Chinese biologics drug discovery platform RuiYi.
India VC player Helion closes third fund at $255m
Helion Venture Partners has closed its third fund at just over $255 million, over $45 million more than for its previous vehicle, which closed in March 2008. The successful fundraise, which attracted commitments from pension funds, endowments, foundations,...
VPCP and Citi back InvestLab with $10m
VantagePoint Capital Partners (VPCP) and Citigroup subsidiary Citi Ventures have led a $10 million Series A funding round for Hong Kong-based financial technology company InvestLab.
Australia's Elcano Capital hits the fundraising trail
Australian venture firm Elcano Capital is seeking to raise capital from small investment funds to finance its planned investments into early stage companies.
Australian venture capitalists face commercialization obstacles
Entrepreneurs are brimming with ideas but Australia’s venture capital firms don’t have the capital to convert innovation into products. Government support has so far been piecemeal
CyberAgent Ventures backs Vietnam game developer
CyberAgent Ventures has invested an undisclosed sum in Colorbox Software Corporation, a Vietnam company that develops smart phone games for the global market. This is the second investment made through CA Asia Internet Fund, which targets deals in Southeast...
IDG bets on potential e-commerce consolidator
Survival of the fittest is a concept that applies to almost every ambit and rings particularly true in the field of Indian e-commerce of late. Last week Flipkart.com, the country’s largest online retailer, backed by Tiger Global Management and Accel Partners,...
VC-backed Flipkart buys rival Indian e-commerce site
Indian online retailer Flipkart has purchased rival e-commerce platform Letsbuy.com for an estimated $25 million. Both companies are backed by Tiger Global Management and Accel Partners, but no details were disclosed on the structure or value of the transaction....
Touchmedia secures new round of VC financing
Chinese marketing platform Touchmedia has completed its latest round of financing, led by affiliates of the company's CEO along with new and existing VC backers. Qiming Venture Partners, TLC Capital and Mustang Ventures are among the existing investors...