Venture
Hong Kong to launch $256m fund to invest alongside VCs
The Hong Kong government will create a HK$2 billion ($256 million) fund that will co-invest in start-ups alongside venture capital funds on a matching basis. It is one of a number of initiatives intended to bolster innovation and technology in the territory....
SBCVC commits $60m in China's Acfun
Acfun, a Chinese social networking platform that focuses on video editing, has secured an extended $60 million Series A round of funding from SBCVC, previously known as SoftBank China Venture Capital.
Germany's Evonik backs China VC fund
Evonik Venture Capital, the VC arm of German industrial group Evonik, has invested an undisclosed amount in Chinese VC firm GRC Managers' SinoGreen Fund III (GRC III).
App analytics firm App Annie raises $63m Series E
App Annie, a mobile app analytics platform developer that was started in Beijing but has since expanded globally, has raised $63 million in Series E funding.
Northern Light joins $25m round for US-based Shape Security
Northern Light Venture Capital has joined a $25 million Series D round for US online security start-up Shape Security, with a view to supporting the company's expansion in China.
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
Chinese audio equipment maker Fiil raises $20m
Fiil Headphones, an audio equipment maker founded by Chinese musician Feng Wang, has raised a Series A round of funding worth $20 million.
Japan CRM start-up raises $16.9m Series C
Japanese customer relationship management (CRM) software developer Sansan has raised a S$24.2 million ($16.9 million) Series C round led by DCM.
Ex-New Horizon investors lead $100m round for Zai Lab
Advantech Capital, one of two new funds launched by executives from Chinese GP New Horizon Capital, has led a $100 million Series B round of funding for biotech start-up Zai Lab.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Deal focus: IMM initiates unlikely media merger
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
Singapore's Aslan Pharma closes $43m Series C round
Singapore-based biotech developer Aslan Pharmaceuticals has closed its Series C round of funding at $43 million with additional capital from new investor MVP Capital Partners.
Taiwan ITRI, Japan's Mitsubishi UFJ launch VC fund
Taiwan’s Industrial Technology Research Institute (ITRI) and Japan’s Mitsubishi UFJ Financial Group have jointly set up a second venture capital fund with a target of NT$2.5 billion ($75 million).
VIDEO: Khosla Ventures' Andrew Chung
Popular belief in the US that China is playing catch-up or copycat on technology is misguided, according to Andrew Chung, a managing partner at Khosla Ventures, who claims to see incredible amounts of innovation taking place in the country
VC-backed Qufenqi raises new round, plans domestic IPO
Qufenqi, a Chinese electronic retailer that allows buyers to pay in installments, has completed a new round of renminbi-denominated funding, having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
China entertainment news app secures $15m
France-based Ventech Capital has led a $15 million Series B round of funding for Happy Juzi, a Chinese entertainment news portal.
SIDBI leads $3m Series A for India's Mycity4kids
SIDBI Venture Capital has led a $3 million Series A round for Indian online parenting portal Mycity4kids, with participation by existing investor YourNest Angel Fund.
India's Nexus re-ups in Blueshift for $8m Series A
Nexus Venture Partners has participated in an $8 million Series A round for portfolio company Blueshift, a US-based automated marketing solutions provider. The round was led by Storm Ventures.
Tata Capital commits $5m to Alef Mobitech
Tata Capital has invested $5 million in Alef Mobitech Solutions, a US-based mobile internet optimization solution developer with offices in India.
SIG Asia joins $57m round for China online travel guide service
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Deal focus: Investors back Benlai's cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
China B2B steel-trading platform raises $153m
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1 billion ($153 million).
Japan's Skyland raises $10m VC fund
Tokyo-based early-stage investor Skyland Ventures has raised JYP1.2 billion ($10 million) for its second VC fund.