Venture
BlueRun commits $10m to China securities trading site
BlueRun Ventures has committed $10 million in a Series A round of funding to Mazhan.com, a Chinese online margin trading platform.
VC-backed Chinese credit card management app raises $50m
U51.com, a VC-backed credit card management mobile app, has raised $50 million from Shanghai-listed property developer Xinhu Zhongbao.
Rakuten invests in VC-backed China discount site Fanli
Japanese e-commerce firm Rakuten has bought a less than 10% stake in VC-backed Chinese discounts site Fanli in a Series C round of funding that values the business at about $1 billion.
Sprinklr raises Series A round to launch Japan unit
US-based social media management software developer Sprinklr has raised JPY1 billion ($8.4 million) in a Series A round to support its Japan branch, with participation by Recruit Holdings and Suneight.
India taxi-booking service Ola closes Series E round at $400m
Indian taxi-booking service Ola - operated by ANI Technologies - has closed its latest Series E round of funding at $400 million, valuing the company at $2.4 billion. The round was led by DST Global.
DCM invests $3m in China's Udesk
DCM has committed $3 million in a Series A round of funding to Udesk, a China-based customer service outsourcing business.
Asian LPs back Israel-based Viola's $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
Japan's Dentsu launches $42m corporate venture fund
Japanese advertising agency Dentsu has established a new corporate venture capital arm, Dentsu Ventures, and launched a new fund with a corpus of JPY5 billion ($42 million).
NEA closes giant $2.8b global VC fund
New Enterprise Associates (NEA) has reached a final close on its 15th global flagship fund at $2.8 billion, and raised an additional $350 for a new co-investment vehicle - NEA 15 Opportunity Fund.
China's Ninebot raises $80m, acquires Segway
Ninebot, a China-based electric scooter manufacturer, has bought its US-based rival Segway for an undisclosed sum and raised $80 million in Series A funding.
China virtual reality headset maker raises $10m
Baofeng Mojing, a Chinese virtual reality headset manufacturer, has raised $10 million in a Series A round of funding led by film producer Huayi Brothers Media.
Tiger Global leads $5m round for Indian services marketplace
Indian local services marketplace LocalOye has raised a $5 million Series A round of funding from Tiger Global Management and Lightspeed Venture Partners.
Q&A: Hera Capital's Thierry Panafieu
In six years of operation, Singapore’s Hera Capital has pursued a strategy focusing on small funds and quick deployment. Managing Partner Thierry Panafieu explains the virtues of staying small
Dianping secures $850m pre-IPO round
Having raised $850 million - the largest disclosed round for a Chinese tech start-up so far this year – in a matter of months, Dianping is now thought to be nearing an IPO. The investment values the 12-year-old company, described as a Chinese version...
Templeton leads $15m Series C for Vietnam restaurant operator
Vietnamese restaurant operator Huy Vietnam has raised a $15 million Series C round of funding led by Templeton Asset Management. Hong Kong-based firms Welkin Capital and Prosperous Alliance also took part in the round.
Baidu invests in another China ride-sharing app
Baidu has made its second investment in the Chinese ride-sharing app space in a matter of days, leading a Series C round for Tiantian Yongche, with participation from Sequoia Capital.
SoftBank joins $13.3m Series B for Japan e-commerce app
Japanese tech giant SoftBank Group, credit card firm Credit Saison, and Makoto Takaono - editor-in-chief of Forbes Japan - have invested JPY 1.6 billion ($13.3 million) in Origami, a Tokyo-based mobile commerce platform.
China VC firm Qiming raises $75m annex fund
Qiming Venture Partners has raised a $75 million annex vehicle on top of its third US dollar-denominated fund for follow-on investments in existing portfolio companies.
GGV leads $10m Series B for China home decoration site Kujiale
GGV Capital has led a $10 million Series B round of funding for Kujiale, a Chinese interior decoration services platform.
Baidu leads Series C for China ride-sharing app 51yongche
Chinese search provider Baidu has led a Series C round of funding for 51yongche, a China-based ride-sharing mobile app. Sequoia Capital also participated.
DST leads $315m round for India taxi-booking service Ola
DST Global has led a $315 million investment in ANI Technologies, operator of India taxi-booking platform Ola, alongside existing investors Tiger Global Management and Steadview Capital.
Sequoia, TR lead $50m Series C for India's Urban Ladder
Urban Ladder, which claims to be India’s leading furniture-focused online retailer, has received $50 million in a Series C round of funding led by Sequoia Capital and TR Capital.
Legend leads Series C round for China's UCloud
Legend Capital has led a Series C round worth approximately $100 million for UCloud, a Chinese cloud service provider, with participation from VMS Investment Fund, DCM, Bertelsmann Asia Investments (BAI) and GX Capital.
China installment payment platform Qufenqi raises $100m
Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments, has raised approximately $100 million in a new round led by Shenzhen-listed games developer Beijing Kunlun Tech.