Venture
India's VC-backed Zomato acquires US-based Urbanspoon
Zomato, a VC-backed restaurant search service based in India, has acquired US-based counterpart Urbanspoon as it seeks to accelerate growth in overseas markets.
China online payment site Aixuedai raises $40m Series A round
Aixuedai, a Chinese online payment platform that finances purchases of consumer electronics, has completed a $40 million Series A round of funding.
Infosys expands Innovation Fund five-fold to $500m
Indian IT and business consulting firm Infosys has expanded its early-stage investment vehicle - Innovation Fund - from its original $100 million corpus to $500 million.
Alibaba to invest in Indian e-commerce, payments platform
Alibaba Group has agreed to invest at least $550 million in One97 Communications, owner of India-based mobile commerce platform and payments solution provider Paytm, which has several venture capital backers.
Google Capital backs India real estate platform CommonFloor
Google Capital has provided a new round of funding for CommonFloor.com, an India-based property listings website.
Ally Bridge leads $25m round for Shanghai Hua Medicine
Ally Bridge Group, a healthcare-focused PE firm, has led a $25 million Series B round of funding for Hua Medicine, a Shanghai-based clinical-stage biotech company.
Japan's NTT Docomo Ventures backs France-based Sunpartner
NTT Docomo Ventures, the corporate VC arm of the eponymous Japanese telecom giant, has taken part in a EUR4 million ($4.7 million) round for Sunpartner Technologies, a French solar panel manufacturer.
China food delivery app Line0 raises $30m
Chinese food delivery mobile app Line0 has completed a Series B round of funding worth $30 million, led by Tencent Holdings. Existing investors Sequoia Capital and Gobi Partners also participated.
DST, Iconiq join Series A round for Hong Kong P2P lender WeLab
DST Global founder Yuri Milner, Iconiq Capital and a joint venture between China Post and TOM Group have been added to Hong Kong-based internet finance start-up WeLab’s Series A round, taking the total raised to $20 million.
IDG, Vertex lead $52.5m round for NetDragon's online education unit
Best Assistant Education, an online education unit of China games developer NetDragon Websoft, has raised a $52.5 million Series A round led by IDG Capital Partners, Temasek Holdings-owned Vertex Venture and Shenzhen-listed animation producer Alpha Animation....
Xiaomi: The view from the top
Chinese smart phone manufacturer Xiaomi has become the world’s most valuable start-up, following a $1.1 billion round. Does its growth trajectory tally with the $45 billion price tag?
Australian cancer drug developer raises $10m Series B round
Australian biopharmaceutical start-up EnGeneIC has received $10 million in a Series B round of funding led by Boston-based healthcare specialist GRT Capital Partners.
IDG commits $3m to Chinese weather data generator
IDG Capital Partners has acquired a 10% stake in Bloomsky, a subsidiary of China’s Andon Health which develops weather data sensors, for $3 million.
Crystal Stream leads $10m round for delivery start-up Lalamove
Crystal Stream Capital has led a $10 million for Lalamove, a Hong Kong-based mobile app for on-demand delivery services.
China's Wanda E-Commerce raises $160m
Wanda E-Commerce, a joint venture set up by China’s largest commercial property operator Wanda Group, Baidu and Tencent Holdings, has raised RMB1 billion ($160 million) from two offshore internet investment funds.
GGV leads $10m round for drone maker EHang
GGV Capital has led a $10 million Series A round for EHang, a Chinese consumer drone manufacturer.
Japan's Incubate Fund forms $92m Internet of Things vehicle
Tokyo-based early-stage VC firm Incubate Fund has raised JPY11 billion ($91.2 million) for a vehicle that will support Japanese companies involved in the Internet of Things (IoT).
China's Xiaomi confirms $1.1b funding round
Chinese smartphone maker Xiaomi has raised $1.1 billion further round led by Hong Kong-based All-Stars Investment. DST Advisors, Singapore’s GIC Private, Hopu Investment Management and Yunfeng Capital have also participated.
CDH halts investment on China VC fund
CDH Investments has halted deployment of its latest China venture capital fund in the wake of several departures.
Tsing Capital, WLR China fund join $44.5m round for Phononic
Tsing Capital and WLR China Energy Infrastructure Fund have participated in a Series D round of funding worth $44.5 million for Phononic, a US-based manufacturer of solid-state cooling and refrigeration devices.
India's Flipkart raises $700m round
Indian e-commerce giant Flipkart has completed another round of funding worth $700 million from a combination of new and existing investors. The company has now raised $1.9 billion in 2014 and around $2.8 billion since inception.
Chinese insurers win approval to invest in VC funds
Chinese insurers have received regulatory clearance to invest in venture capital funds, the latest in a string of moves that are liberalizing investment channels for the sector and allowing greater exposure to alternative assets.
Profile: GGV Capital's Jenny Lee
Self-proclaimed geek Jenny Lee began her career working on fighter jets for the Singapore government. Now a managing partner at GGV Capital, she is backing a new generation of China start-ups
SoftBank leads $90m round for India's Housing.com
SoftBank Group is leading a $90 million round of funding for Locon Solutions, operator of property listing platform Housing.com. It will become the largest investor in the business.