The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.
China Everbright has completed the first close of RMB800 million ($115.4 million) on its third healthcare fund. The overall target for the vehicle is around RMB1.5 billion.
Calsonic Kansei Corporation, a Japanese automotive components manufacturer acquired by KKR last year, has agreed to buy Fiat Chrysler Automobiles’ (FCA) components business for EUR6.2 billion ($7.1 billion).
Morgan Stanley Private Equity Asia (MSPEA) has reached a final close on its debut Thailand-focused fund with more than $440 million in commitments. The vehicle, launched in partnership with Bangkok Bank, had an initial target of $300 million.
Lattice80, a UK-based group that operates financial technology co-working spaces and accelerators globally, has established a new base in Hong Kong.
Kendall Court has invested $55 million in Mandaya Medical, a healthcare-focused subsidiary of Indonesian conglomerate Selaras Group, via convertible preference shares.
India’s IvyCap Ventures has launched an angel fund targeting INR600 million ($8.2 million) that will make seed to Series A-stage investments.
China’s securities regulator said on Friday that it will take measures to facilitate private equity investment in listed companies – as well as speed up merger approvals and support bond issuance – as part of a broader government campaign to revive...
Chinese electric scooter manufacturer Niu Technologies ended its first day of trading on NASDAQ down 3.9% after raising $63 million in a scaled back IPO. The company’s backers include GGV Capital, Future Capital, and IDG Capital.
Sequoia Capital India has split its investment staff, creating separate teams for India and Southeast Asia focused on venture and growth capital investments. The firm's China and US affiliates already employ a similar strategy.
Capillary Technologies, a Singapore-headquartered artificial intelligence (AI) analytics provider with a substantial presence in India, has received funding from Warburg Pincus for a Chinese expansion.
Accel Partners has led a INR1 billion ($13.6 million) Series E round for Indian fashion retailer Universal Sportsbiz (USPL).
The escalating Sino-US trade war and tighter US regulatory scrutiny of inbound deals has promoted Chinese buyers to pursue investments in new markets, but they must be prepared to overcome opposition in these destinations as well, the China M&A Forum...
Thailand-based financial technology company Omise has raised a funding round of undisclosed size led by Japanese venture capital investor Global Brain.
Future Capital has closed its third US dollar-denominated fund at $100 million. The Chinese VC firm will continue its strategy of backing start-ups with technologies that drive industrial upgrades and improve consumer experience.
SBI Investment has joined a $17.7 million funding round for Meltin, a Japanese company focused on combining robotics with bio-signal processing.
Caisse de dépôt et placement du Québec (CDPQ) has invested $100 million in Azure Power, an Indian solar panel company listed in the US.
Momenta, a Chinese developer of autonomous driving technology backed by a number of VCs, has announced a fresh funding round of undisclosed size at a valuation of $1 billion.
Motilal Oswal Private Equity (MOPE) has invested INR2 billion ($27 million) in Happy Forgings, an Indian manufacturer of forged and machined components focused on the automotive industry.
Zhizhangyi, a Chinese mobile security solutions provider, has raised RMB200 million ($29 million) in Series B funding led by Gaocheng Capital, a growth investment firm established by Jing Hong, formerly a partner at Hillhouse Capital.
GGV Capital has closed its latest fund – primarily for deployment in China and the US – with $1.88 billion in commitments. The venture capital firm raised $1.2 billion for its previous vehicle in 2016.
Edianzu, a Chinese start-up that rents out computers and other office equipment to corporate customers, has raised $60 million in Series D funding led by existing investor Source Code Capital.