Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has raised another $180 million to close its Series B round at $600 million.
Consumer-focused GP ClearVue Partners and US-listed TAL Education Group have jointly led a $55 million Series D round for Changingedu, a China-based education platform that connects teachers and students.
Singapore has dropped the requirement that venture capital managers must have at least five years of experience to qualify for local registration as part of wider reforms intended to attract more investors to the country.
Vickers Venture Partners has led a $10 million Series A funding round for an international expansion push by Indonesian marketing data researcher Snapcart.
Samsung Electronics and Ant Financial have jointly led a $40 million extended Series A round for DeePhi Tech, a Chinese artificial intelligence (AI) technology developer. China Merchants Venture Capital and China Growth Capital also took part.
Shanghai-based Xing Bian Li, a VC-backed new retail company that integrates online and offline channels, has acquired industry counterpart 51 Snackbar.
Jungle Ventures has appointed Grace Xia (pictured, center), formerly senior director of corporate strategy and development at Tencent Holdings, as a principal on its investment team.
SparkLabs Group has launched a $100 million early-stage venture capital fund that will focus on blockchain and cryptocurrency investments globally.
Sinovation Ventures has led a $40 million Series B round for Chinese e-commerce and online video platform Hua Juan.
Vingoo Juice, a Shanghai-based start-up that develops fresh orange juice vending machines, has raised a RMB400 million ($60 million) Series B round jointly led by Legend Capital and Joy Capital. Yunqi Capital also took part.
Beyond Ventures and Chinese internet giant Alibaba Group have led a $40 million funding round for Hong Kong-based genetic testing and wellness start-up Prenetics.
Australian private equity firm ROC Partners has teamed up with the state government of New South Wales and pension fund First State Super to launch a A$150 million ($118 million) equity fund targeting small to medium-sized enterprises (SME).
Cathay Innovation, a VC affiliate of Cathay Capital Private Equity, has led an extended Series B round for Momenta, a Chinese start-up that develops road sensors and mapping software for self-driving cars, with participation from GGV Capital.
US-based 1839 Ventures has agreed to invest $20 million in a fund launched by the Pakistan government that will invest in domestic technology start-ups.
Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
Horizons Ventures, a private investment arm of Hong Kong billionaire Li Ka-shing, has led a $7 million Series A round of funding for MioTech, a Hong Kong-based start-up that develops artificial intelligence (AI) software for the financial services sector.
The Philippines was praised for its political stability as investor wariness around President Rodrigo Duterte’s crackdown on drugs became a recurring talking point at the AVCJ Philippines Forum.
Huishoubao, a Chinese online recycling platform for electronic devices, has raised a RMB300 million ($46 million) Series B round led by Asia-focused private equity firm Strait Capital Investment Group.
Indian car, motorcycle and bicycle rental company Drivezy has received a $10 million funding round from a group of investors including Das Capital, Axan Ventures, CrowdWorks and IT-Farm.
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has closed its latest Southeast Asia and India fund at $210 million, exceeding the $150 million target.
Temasek Holdings-backed venture debt firm InnoVen Capital has named Ashish Sharma (pictured), former CEO and president of GE Capital India, the CEO of its India arm.
Skydisc, a Japan-based company that provides hardware for internet-of-things (IoT) and artificial intelligence (AI) applications, has raised JPY740 million ($6.6 million) from a group of VC firms, including existing backers Nissay Capital and Archetype...
Technology developer JingChi is planning to leverage a new commitment from Qiming Venture Partners to take the lead in China's competitive autonomous driving space