News
Legend leads $20m Series B for China's Exegenesis Bio
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Chinese EV maker Xpeng raises another $300m
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI backs US cybersecurity player's Asia push
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana invests $85m in GIP-owned Asia renewables platform
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects controlled by Global Infrastructure Partners (GIP).
JD.com invests $100m in Hong Kong's Li & Fung
Chinese online retailer JD.com is investing $100 million in Hong Kong's Li & Fung, which recently won support from warehouse investor GLP for a privatization.
Bain sweetens offer for Japan's Nichii Gakkan
Bain Capital has increased its offer price for Tokyo-listed aged care provider Nichii Gakkan – after a Hong Kong hedge fund criticized the board for not doing enough to protect the interests of minority shareholders – valuing the business at JPY122...
China launches $12b National Green Development Fund
China has raised an initial RMB88 billion ($12.6 billion) for the first dedicated environmental fund launched by the central government.
Tata Growth commits $30m to India's Biocon
Tata Capital Growth Fund has invested INR2.25 billion ($30 million) in the biosimilars business of India-listed pharmaceuticals giant Biocon.
Microsoft seeks to acquire TikTok assets from China's ByteDance
Microsoft Corporation wants to continue discussions over the purchase of the US operation of TikTok from PE-backed Chinese technology giant ByteDance amid threats from US President Donald Trump to ban the short video platform.
Advent to acquire Indian pharma player
Advent International has agreed to buy a controlling stake in Indian pharmaceutical company RA Chem Pharma.
BRV Capital invests $110m in Line's Thailand delivery app
Line Man, a parcel-to-food delivery app launched in Thailand by Japan’s Line Corporation, has raised $110 million from BRV Capital, an affiliate of BlueRun Ventures.
Sequoia scales up for China growth deals
Sequoia Capital China’s recent $3.68 billion fundraising effort has significantly expanded its scope to participate in later-stage deals. The three funds include a growth vehicle of $2.8 billion, a 55% increase on the previous vintage.
China's Li Auto gains 43% on debut after $1.1b US IPO
Chinese electric vehicle manufacturer Li Auto closed up 43% on its first day of trading on NASDAQ following a $1.1 billion IPO.
Sistema Asia Capital appoints CEO
Sistema Asia Capital, a corporate VC arm of Russian conglomerate Sistema that focuses on India and Southeast Asia, has named Edward Tay (pictured) as CEO.
Advantage shuffles team for succession, strategic reasons
Advantage Partners has appointed Shinichiro Kita as head of its Japan buyout team as part of succession planning within the Japanese firm. The change also ties into efforts to create more synergies between the buyout operation and an expanded public markets...
Navis acquires Cambodia international school
Navis Capital Partners has acquired CIA First International School in Cambodia for an undisclosed sum.
Chinese real estate platform Beike pursues US IPO
Beike, a Chinese online real estate platform backed by Tencent Holdings, SoftBank Vision Fund and Hillhouse Capital, has filed for US IPO.
GenBridge leads round for Chinese hot pot ingredients supplier
GenBridge Capital has led a $60 million Series C round of funding for Guoquan, a Chinese hot pot ingredients supplier. All the company's existing investors re-upped.
Oyo founder establishes VC firm in Singapore
Ritesh Agarwal (pictured), the founder of Indian hotel booking platform Oyo, has launched a Singapore-headquartered venture capital firm called Aroa Ventures.
India’s Toppr raises $50m from Foundation Holdings
Indian educational technology startup Toppr has raised $50 million (INR3.5 billion) in a Series D funding round led by United Arab Emirates-based investment firm Foundation Holdings.
De-risking measures limit COVID-19 damage to GIC portfolio
Singapore’s GIC Private said that steps taken last year to de-risk its portfolio – reducing its allocation to equities in favor of cash and evaluating deals with more caution – have limited the negative impact of COVID-19.
Asia-IO, Wise Road invest in HK semiconductor supplier
Private equity firms Asia-IO Capital and Wise Road Capital have acquired a 55.6% stake in a semiconductor packaging materials business from Hong Kong-listed ASM Pacific Technology.
WI Harper backs Hong Kong financial services player
WI Harper Group has led a $20 million Series B round for Hong Kong financial services provider EMQ.
CDH leads round for China community group buying player
Shihuituan, a China-based community group buying platform also known as Nice Tuan, has raised $80 million in the second tranche of a Series C round led by CDH Investments.
