Venture
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China B2B consumer goods distribution platform raises $33m
Zskuaixiao, a China-based business-to-business (B2B) consumer goods distributing platform, has completed a RMB205 million ($33 million) Series B round led by warehouse operator Global Logistics Properties (GLP) and Longzhu Capital – a corporate investment...
Australia virtual data room provider gets $18.5m
Australia’s Ellerston Capital has led a A$24 million ($18.5 million) Series A round for Ansarada, a domestic business services company that provides virtual data rooms and artificial intelligence-enabled due diligence.
China's VC-backed 51 Credit Card files for HK IPO
Chinese online credit card management platform 51 Credit Card, which is backed by a handful of VC and strategic investors, has filed for a Hong Kong IPO.
Hong Kong pledges to foster local start-up ecosystem
Hong Kong plans to increase funding to two local incubation programs – Cyberport and Hong Kong Science & Technology Park (HKSTP) – in the expectation they will play a leading role in the drive to turn the territory into an innovation hub.
VCs in $47m round for Chinese AI medical imaging firm
Beijing Infervision, a Chinese company that develops medical imaging technology empowered by artificial intelligence (AI), has raised RMB300 million ($47 million) in funding from investors including Xianghe Capital.
SBI backs Japan autonomous driving start-up Ascent
SBI Investment has made the first investment from its artificial intelligence (AI) and blockchain technology fund, leading a JPY1.1 billion ($10.3 million) round for Japan’s Ascent Robotics.
Deal focus: Qutoutiao finds its own news angle
With a market focus and a user acquisition mechanism that differentiate it from other Chinese news and video apps, Qutoutiao impressed Tencent Holdings enough to secure a $200 million Series B round
Temasek leads $250m round for China’s Sunny Education
Sunny Education, a China-based K-12 online education platform which operates under the 17zuoye brand, has raised $250 million in a Series E round led by existing investor Temasek Holdings.
Orchid leads $65m round for Chinese wedding platform
Hunliji, a China-based online wedding services provider, has raised $65 million in a Series C round of funding led by Orchid Asia Group.
Redpoint China closes debut RMB fund at $110m
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
Tencent leads $200m round for China’s Qutoutiao
Tencent Holdings has led a Series B round worth more than $200 million for Qutoutiao, a Chinese mobile news reading app. The round gives the company a post-money valuation of $1.6 billion.
Chinese tech firms target overseas expansion – AVCJ Forum
More Chinese technology companies have developed capabilities to expand overseas with a view to acquiring new customers that can support growth and strengthen their leading positions at home, industry participants told in AVCJ China Forum.
Singapore's GTR Ventures invests five fintech companies
GTR Ventures, a Singapore-headquartered VC firm launched last September, has made its debut investments in five financial technology companies.
China’s JW Therapeutics gets $90m Series A round
JW Therapeutics, a China-based clinical stage biopharmaceutical company, has raised $90 million in a Series A round of funding led by Temasek Holdings, Sequoia Capital China, and Yuan Ming Capital.
Shunwei leads $100m round for China’s Kujiale
Shunwei Capital has led a $100 million Series D round of funding for Kujiale, a Chinese home design and decoration site, with participation from Temasek Holdings-owned Pavilion Capital.
Uber's Kalanick launches fund, targets China and India
Uber co-founder Travis Kalanick, who left his position as CEO of the company last year following a string of controversies, is launching an investment fund that will focus in part on China and India.
CSRC eases rules for VC firms to exit start-ups
Shares held by venture capital investors will be subject to a shorter lock-up period after their portfolio companies list on Chinese stock exchanges in a move designed to encourage long-term investment.
Matrix backs China consumer-focused genetic testing player
Matrix Partners China has led a RMB100 million ($15.8 million) round for 23Mofang, a Chinese genetic testing services provider.
Australia's Blue Sky raises $78m
Australia-listed private equity firm Blue Sky Alternative Investments has raised A$100 million ($78 million) through the sale of new shares.
Demonetization drives surge in Indian fintech investment
India’s demonetization policy has been the principal driver for a surge in financial technology investment in the country, according to research by Accenture and CB Insights.
Tencent leads $818m round for China’s Chehaoduo
Chehaoduo, a Chinese online auto services provider that runs consumer-to-consumer (C2C) used car trading platform Guazi, has raised $818 million in a Series C round of funding led by Tencent Holdings.
VCs back Chinese mapping technology developer
Kuandeng Technology, a Chinese start-up developing precision mapping technology for self-driving cars, has completed a Series A round of funding led by IDG Capital.
Anthem seeks up to $50m for Myanmar fund
Anthem Asia has launched a Myanmar-focused private equity fund with a view to raising up to $50 million for investment in small to medium-sized enterprises (SMEs).
Taiwan’s KKday secures $10.5m Series B
KKday, a Taiwan-based start-up that helps tourists find local activities, has secured $10.5 million Series B round of funding led by Japanese travel agent HIS, with participation from existing backer MindWorks Ventures.