News >> Deals
SoftBank co-leads $20m round for Indonesia's EV Hive
SoftBank Ventures Korea (SBVK) has co-led a $20 million Series A round for EV Hive, an Indonesian co-working space operator that spun out from East Ventures last year, alongside H&CK Partners and Tigris Investment, both of which are also based in South...
Ant Financial leads $321m round for China's Hellobike
Ant Financial, Alibaba Group’s financial services affiliate, has led a RMB2.1 billion ($321 million) investment in Youon Bike, the listed parent of China-based bike-sharing operator Hellobike.
Sequoia, CDH, Yunfeng back China's ZTO Freight
Sequoia Capital China, CDH Investments, and Yunfeng Capital have provided more than $100 million in Series A funding to ZTO Freight, an affiliate of US-listed Chinese delivery company ZTO Express.
Warburg Pincus invests $106m in IndiaFirst Life
Warburg Pincus has agreed to acquire a 26% interest in IndiaFirst Life Insurance from UK-based Legal & General Group for INR7.1 billion ($106 million).
US, China-based Protean gets $40m Series E
Chinese automotive industry supplier Weifu High Technology Group has led a $40 million Series E round for Protean Electric, a US and China-based auto equipment developer backed by a number of VC investors.
China early-stage investment round-up
Venture capital deals involving N5 Capital, Matrix Partners China, JD.com, Fortune Capital, Juxiu Capital, Oriza Holdings, Ameba Capital, ZhenFund, Yunqi Partners, SIG, and Crystal Stream Capital
China's BaishanCloud gets $37m Series C-plus
Chinese data services company BaishanCloud has completed its sixth series of private equity funding, following the closure of a Series C-plus round worth RMB240 million ($37.4 million).
Japan's Advantage buys Malaysian packaging manufacturer
Advantage Partners has completed the buyout of Malaysian plastic bottle manufacturer Plastic Centre through its recently closed $380 million Asia fund.
Goldman leads $31m round for India hospital
Goldman Sachs has led a $31 million Series A round for Indian cancer care provider Cytecare Hospitals as part of a global oncology investment strategy.
China social e-commerce player Red raises $300m
Alibaba Group has led a $300 million Series D round of funding for Red, a social e-commerce site that enables Chinese consumers to buy products from overseas.
Lone Star to buy Australia-listed Sino Gas for $402m
Sino Gas & Energy Holdings, an Australia-listed natural gas developer focused on China, has accepted a A$530 million ($402 million) buyout offer from Lone Star Funds.
Temasek, PayPal invest $125m in India’s Pine Labs
Temasek Holdings and PayPal have invested $125 million in Pine Labs, an Indian financial technology company backed by Actis Capital, Sequoia Capital India and Madison India Capital.
Actis to launch $220m India NBFC
Actis Capital has launched an Indian non-banking finance company (NBFC) in which it will invest up to $220 million over the next five years.
Ijara Capital acquires Pakistan's Quick Foods
Pakistan-based private equity firm Ijara Capital Partners has acquired a 100% stake in domestic frozen food company Quick Foods Industries for an undisclosed sum.
China's SenseTime closes $620m Series C-plus round
Chinese artificial intelligence (AI) technology developer SenseTime has raised $620 million in Series C-plus funding, its second capital injection in as many months. The investment values the business at over $4.5 billion.
Hony sells Chinese hospital to Hong Kong-listed platform
Hony Capital has agreed to sell three private hospitals in Zhejiang province to Hospital Corporation of China (HCC), a Hong Kong-listed platform it established several years ago, for RMB630 million ($98 million).
CITIC Capital invests China-Europe logistics providers
CITIC Capital has backed two China-Europe logistics providers in separate deals of undisclosed size. The GP is investing via its Silk Road Fund, which targets geographies in China’s One Belt One Road (OBOR) agenda.
India's Fortis reopens bidding for hospital business
Indian healthcare service provider Fortis Healthcare (FHL) has reopened bidding for its hospital operation and invited offers from several potential investors, including TPG Capital-backed Manipal Hospital Enterprises (MHEPL).
Chinese state-backed PE fund anchors Foxconn IPO
A private equity fund backed by China’s State Development & Investment Corporation (SDIC) is the largest strategic investor in the RMB27.1 billion ($4.3 billion) Shanghai IPO of a Foxconn Technology Group manufacturing unit.
East Ventures joins $32m ICO for Swiss bitcoin app
East Ventures, a VC firm focused on Japan and Southeast Asia, has joined a $32 million initial coin offering (ICO) for Switzerland-based bitcoin wallet operator BRD.
Singapore biotech player gets $20m Series A
A group of VCs including Yashang Capital and Westlake Ventures have backed a $20 million Series A funding round for Singaporean biotech developer Lion TCR.
CDH leads round for Chinese DNA-based drug developer
CDH Investments has led a RMB250 million ($39 million) Series B round of funding for HitGen, a Chinese biotech company that develops drugs based on the synthesis and screening of DNA fragments.
Amazon leads $12m round for India's VC-backed Acko
Amazon has led a $12 million funding round for Acko, an Indian online insurance broker that is backed by the likes of SAIF Partners and Accel Partners.
Korean drug developer raises $21.8m Series B round
TiumBio, a South Korean drug developer working on treatments for cancer, diabetes and hemophilia, has secured KRW23.5 billion ($21.8 million) in Series B funding.