Venture
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GSR Ventures to invest $580m in China new energy play
GSR Ventures has agreed to invest a total of RMB3.6 billion ($580 million) in Wuhan Kaidi Electric Power, a Shenzhen-listed clean energy technology provider.
China's Alibaba invests $215m in US messaging app Tango
Chinese e-commerce giant Alibaba Group has invested $215 million in California-based mobile messaging app maker Tango. The deal values the start-up at a reported $1 billion.
Jafco-backed Fixsters, Shirohato file for Tokyo IPOs
Japanese venture capital investor Jafco will see two portfolio companies - software firm Fixstars and online lingerie retailer Shirohato - launch their Tokyo IPOs on the same day next month.
Qiming raises $500m for China VC fund - update
Qiming Venture Partners has raised approximately $500 million for its fourth US dollar-denominated China venture capital fund.
Vertex commits $5m to China education app Xuebajun
Vertex Venture, an investment unit of Temasek Holdings, has committed $5 million in Series A funding for Shanghai-based mobile study tool developer Xuebajun.
Singapore accelerator JDFI raises $2.1m
Singapore-based tech accelerator Joyful Frog Digital Incubator (JFDI) has raises S$2.7 million ($2.1 million) from investors.
Orchid Asia leads $74m round for China's FunPlus Game
Beijing-based mobile social games developer FunPlus has raised a $74 million Series B round of funding led by Orchid Asia. GSR Ventures and Steamboat Ventures also participated.
DCM bets bigger on China
DCM's latest global fund is smaller than its two predecessors because Silicon Valley-based general partners, Carl Amdahl and co-founder Dixon Doll, are stepping down. As a result, there will be fewer US investments, but China is expected to play a more...
Korea M&A: Regulatory relief
The Korean government’s recently announced M&A stimulation package includes a relaxation of restrictions on domestic private equity firms. But how much change are these reforms likely to bring?
Accel India, Horizen Ventures back tea commerce start-up
Accel Partners India and Horizen Ventures have together invested $1 million in Teabox, a start-up that operates out of Singapore and Bangalore.
Music service Rdio acquires India's VC-backed Dhingana
Rdio, a US-based digital music service, has acquired Dhingana - an India and US-based social music streaming service backed by Inventus Capital Partners, Helion Venture Partners and Lightspeed Venture Partners.
Ceyuan leads $10m Series A for China bitcoin exchange
Ceyuan Ventures has led a $10 million Series A round of funding for OKCoin, which claims to be the China’s largest bitcoin exchange by trading volume. Mandra Capital and existing backer VenturesLab also participated.
PE-backed Manappuram acquires Jaypee Hotels NBFC
Manappuram Finance, a listed non-bank financial company (NBFC) backed by Baring Private Equity India and India Equity Partners (IEP) among others, is to acquire Milestone Home Finance Company - a unit of Jaypee Hotels - for an undisclosed amount.
VC-backed E-House plans US listing for subsidiary Leju
E-House, a Chinese real estate service agency backed by several VC and internet strategic investors, is preparing a US IPO for its wholly-owned subsidiary Leju Holdings that could raise up to $200 million.
NGP leads $10m round for China online food ordering platform
Nokia Growth Partners (NGP) has led a $10 million Series B round of funding for Meican.com, a Chinese food ordering platform, with participation from KPCB China.
Jafco-backed EnBio raises $7.2m in Toyko IPO
EnBio, a Japanese soil decontamination business backed by Jafco, saw its stock open at JPY1311 - a 126% premium on the offering price - on its first day of trading. The company, which listed the Mothers (market of the high-growth and emerging stocks)...
Kinnevik leads $90m round for India's Quikr
Swedish early stage investor Investment AB Kinnevik has led a $90 million round of funding for Indian classifieds platform Quikr.
Mayfield re-ups in India's Securens - report
US-based venture capital firm Mayfield is investing another $6 million in Indian online alarm systems provider Securens Systems.
GREE, Transcosmos back Singapores's Luxola
Singapore-based online beauty store Luxola has raised $10 million in a Series B round of funding led by Japanese e-commerce services firm Transcosmos with existing backer Gree Ventures.
IDG joins $6m round for Finnish mobile game developer
Next Games, a Finnish mobile gaming developer, has raised $6 million Series A round co-led by IDG Ventures and existing investor Jari Ovaskainen, followed by China’s IDG Capital Partners and US VC firm Lowercase Capital.
Indonesia VC: Lucrative clicks
E-commerce has emerged as the star of Indonesia’s expanding start-up space. Early-stage investors are scrambling to fill their shopping carts, but you have to pick the right spots and deploy the right resources
CyberAgent leads $12m round for Korean food delivery app
Japan's CyberAgent Ventures has been joined by previous investors Altos Ventures, IMM Investment and Stonebridge Capital for a $12 million investment in Woowa Bros, the start-up behind Korean food delivery app Baedalui Minjok.
GF Securities, Alpha Animation launch China media fund
GF Xinde Investment, an investment arm of Chinese broker GF Securities, has established a RMB100 million ($16 million) PE fund with Shenzhen-listed toy maker Guangdong Alpha Animation and Culture. It will invest in internet and media companies.
Shenzhen Capital leads $10m round for wearables maker
Shenzhen Capital has led a RMB60 million ($10 million) Series B round of funding for Codoon, a Chinese manufacturer of wearable electronic devices, with participation from CITIC Capital.