Venture
UK's Amadeus Capital to open India office
Amadeus Capital Partners, the UK-based technology venture capital firm, will open an office in India as it looks to invest up to $10 million in local start-ups.
Australian VC firm Square Peg plans global push
Square Peg Capital, the Australia-based venture capital firm founded by the co-founder of job search site Seek is looking to expand overseas, with plans to invest up to A$100 million a year in Israel and the US.
China second-hand car platform Youxinpai raises $260m
Warburg Pincus and Tiger Global Management have participated in a $260 million funding round for Youxinpai.com, a Chinese second-hand car auction platform.
GIC leads Series C for China car rental service Yongche
Chinese car rental and taxi-booking site Yongche.com - which has a similar business model to Uber - has raised a Series C round of funding led by Singapore sovereign investor GIC Private.
JD.com, Macquarie commit $50m to China food-ordering site Daojia
Chinese food-ordering platform Daojia has completed a Series D round of funding worth $50 million, led by domestic online retailer JD.com and Macquarie Capital.
China Growth Capital, TDF invest in e-commerce marketplace DHGate
China Growth Capital and TDF Capital have provided a Series D round of funding for DHGate.com, a Chinese B2B cross-border e-commerce marketplace.
Cross-border e-commerce: The final frontier
Rocket Internet and Alibaba Group are preparing to go public and have ambitious growth plans. But how suited are their respective models to cross-border e-commerce expansion?
Crowdfunding: Herd dynamics
More start-ups are tapping crowdfunding platforms for capital. How well prepared are Asian markets to accommodate the phenomenon and what does its emergence mean for venture capital investors?
India's Power2SME raises $7m Series C round
Power2SME, an Indian group buying start-up, has raised a INR420 million ($6.87 million) Series C round from existing investors Accel Partners, Kalaari Capital and Inventus Capital.
ClearVue leads Series A for China mobile crowdtasking app
ClearVue Partners have led a $3.2 million Series A round of funding for WeiChaiShi, a Chinese mobile crowdtasking platform, with participation from Nokia Growth Partners.
India's BigBasket raises $32.8m Series B from Helion, Zodius
Helion Venture Partners and Zodius Capital have led a INR2 billion ($32.8 million) Series B round of investment in BigBasket.com - the Indian online retailer owned by Bangalore-based SuperMarket Grocery Supplies.
Renren leads round for Chinese financial social network
China’s social networking platform Renren has led a $40 million Series C round for Snowball, a Chinese financial information portal, with participation from existing investor Morningside Technologies.
Australia's Looop raises $2m
Looop, an Australian online learning platform for employees, has raised a $2 million seed round from an undisclosed education investor.
IvyCap, IDG invest in Indian online apparel retailer eShakti
IvyCap Ventures and IDG Ventures India (IDGVI) have participated in a undisclosed Series B round investment for India's eShakti.com, an online women's apparel retailer.
Baidu backs China online learning site SmartStudy
Chinese internet giant Baidu has invested $10.6 million in a Series A round of funding for Smart SmartStudy.com, an online education platform.
Xiaomi, Shunwei lead $37m round for China P2P lending site Jimubox
Chinese smart phone maker Xiaomi and Shunwei Capital Partners, both founded by Chinese angel investor Lei Jun, have jointly led a $37.2 million Series B round of funding for Jimubox, a peer-to-peer (P2P) lending start-up in China.
VCs back Zai Lab drug development model
Few VC firms are keen to invest in China's early-stage drug discovery space because the development cycle is long and risky. Taking a new drug from clinical testing to commercialization often takes 7-10 years and the success rate in China is less than...
Portfolio: YPX and China casual dining
YPX Cayman was born out of an idea for a tech-style start-up in China's casual dining space. Backed by a string of investors, the firm is making headway with Cloud 9 and preparing to launch new concepts
GenNext Ventures, Microsoft India launch tech accelerator
GenNext Ventures, the VC arm of Reliance Industries, has tied up with Microsoft Ventures India to launch an accelerator program, with a view to catalyzing the Indian technology start-up ecosystem.
Japan's Relux raises $3.1m from Recruit Holdings, others
Japanese luxury hotel booking site Relux has raised JPY330 million ($3.1 million) from Recruit Holdings and other undisclosed investors.
Gobi invests in China second-hand car trading site Mychebao
Gobi Partners has invested in a Series A round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
Rebright leads $1m seed round for Singapore's Smove
Japanese seed investor Rebright Partners has led a $1.1 million funding round for Clean Mobility Singapore, the Singapore-based start-up behind car rental service Smove, with participation from 500 Startups and Wavemaker Pacific.
Foxconn invests $2m in Taiwan's AirSig
Electronics manufacturer Foxconn Technology Group has invested $2 million for a 10% stake in AirSig, a Taiwan-based mobile authentication start-up.
Rocket, Kinnevik to form emerging market fashion e-commerce giant
German start-up incubator Rocket Internet and Investment AB Kinnevik, Rocket's biggest backer, are to consolidate five emerging market fashion e-commerce brands into a single global company with a combined valuation of EUR2.7 billion ($3.5 billion).