Venture
Indonesia's Kejora adds partner, targets $100m fund
Indonesian venture capital firm Kejora Group has hired Eri Reksoprodjo, formerly of Saratoga Capital, as a partner as it looks to raise up to $100 million for its first institutional fund.
China cloud storage firm Qiniu raises $100m
Qiniu, a Chinese cloud storage service provider, has received a $100 million Series D round from China Broadband Capital (CBC), Telstra Ventures and Chinese mutual fund provider Harvest Global Investments.
KTB, Jolly Innovation lead $30m round for China's CARsgen
KTB Ventures and Jolly Innovation Ventures have led a $30 million Series B round for Shanghai-based cancer therapy developer CARsgen Therapeutics.
Qiming closes fifth China VC fund at $648m – update
Qiming Venture Partners has announced that it has closed its fifth US dollar-denominated China VC fund at $648 million.
CPIC leads $30m round for China restored car auction platform
China Pacific Insurance Corporation (CPIC) has led a RMB200 million ($30 million) Series B round for Bochewang.com, a Chinese online auction platform for restored cars.
Jungle, Blume in $7.2m round for India's SnapBizz
Jungle Ventures, Blume Ventures, Konly Venture and Taurus Value Creation have led a $7.2 million round for India-based retail technology developer SnapBizz.
IVP leads $30m Series C for India, US-based Qubole
Qubole, a big data firm based in India and the US, has raised a $30 million Series C round led by Institutional Venture Partners (IVP).
China's Innovation Works seeks $250m for Fund III
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, is looking to raise $250 million for its third fund.
Panel proposes reforms to boost domestic capital in India PE
A panel appointed by the Securities and Exchange Board of India (SEBI) has recommended tax law changes and regulatory reforms to ease fundraising for PE and VC funds.
China VC firm Qiming announces promotions
China-based venture firm Qiming Venture Partners has promoted Peter Yin, Stella Zhou, Shiyu Wang and Jay Yin to principal.
CITIC Capital leads round for China VR headset maker
CITIC Capital has led a RMB230 million ($35 million) round of funding for Baofeng Mojing, or Baofeng Magic Mirror, a Chinese virtual reality (VR) headset manufacturer.
SoftBank commits $14.7m to India's Housing.com
SoftBank has invested INR1 billion ($14.7 million) in Indian property listing platform Housing.com.
SAIF principals to form India early-stage fund
Two principals at SAIF Partners, Mukul Singhal and Rohit Jain, have left the company to start an early-stage venture capital fund of their own.
New business needs drive VC funding demands
The venture capital market in Asia is set for growth as new market segments - notably technology-enabled business services - emerge with unmet needs.
NZVIF, Taiwan's NDF to anchor another VC fund
New Zealand Venture Investment Fund (NZVIF) and Taiwan’s National Development Fund (NDF) will each commit $7.5 million to a cross-border technology-focused fund.
Japan's ChatWork raises $12.5 Series B round
Japan-based business chat platform ChatWork has raised $12.5 million in Series B funding from Jafco, SMBC Venture Capital and GMO Venture Partners.
Deal focus: Warburg Pincus backs intercity logistics
China's Yunniao wants to do for corporates in intercity delivery what Didi Kuaidi does for individuals in taxi services. Warburg Pincus has led a $100 million round to support expansion
China: Volatile elements
Past experience suggests that volatility can mean opportunity for private equity investors in China
China's Lufax raises $1.2b round
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online finance platform controlled by Ping An Insurance Group, has completed a $1.22 billion round of funding.
SAIF, Norwest, Accel in $35m round for India's Swiggy
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
China Cocoon Network launches $720m European tech fund
London-based Cocoon Networks, which is backed private equity firms China Equity Group and Hanxin Capital, has launched a GBP500 million ($720 million) venture fund to invest in UK and European technology start-ups.
Bertelsmann leads round for Indian e-commerce platform
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
China online retailer raises $1b for finance unit
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
China B2B steel-trading platform raises $153m – Update
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1.1 billion ($153 million).