News >> Funds
Chinese premier backs local listings for start-ups
Chinese Premier Li Keqiang said the government would promote start-ups with “special ownership structures” to list onshore, as part of efforts to encourage the development of the venture capital industry.
India home appliances marketplace raises $20m
Indian hyper-local online marketplace Zopper has raised $20 million from existing investors Tiger Global and Nirvana Venture Advisors.
Korean groups launch $180m North America infrastructure mandate
A group of Korean institutional investors led by a unit of KB Financial Group has awarded a North American infrastructure mandate worth $180 million to Fengate Capital Management.
Morningside backs China mathematics teaching start-up
Early-stage investor Morningside Technologies has led a $5 million Series A round of funding for Leleketang, a China-based online teaching platform that specializes in mathematics and Chinese.
Nexus leads $15m round for India data solutions firm
Nexus Venture Partners has led a $15 million Series B round for Indian data center software developer Arkin, along with other investors.
Taiwan launches $120m Silicon Valley VC fund
Taiwan’s National Development Fund (NDF) and Ministry of Science and Technology (MST) have agreed to form $120 million VC fund that will invest in Silicon Valley tech start-ups.
CBC leads $15m round for China public transport app
China Broadband Capital (CBC) has led a $15 million Series B round of funding for Chelaile, a Chinese public bus tracking app.
Sequoia leads $15m Series B for Chinese food platform Mishi
Sequoia Capital has provided $15 million in Series B funding to Mishi, a Chinese app that aggregates private kitchens. Neil Shen, Sequoia’s managing partner, compared the business to a “gourmet version of Airbnb.”
India's Veeba Foods raises $6m from Saama Capital
Saama Capital has led a $6 million round for Indian specialty food ingredients maker Veeba Food Services. Existing investor DSG Consumer Partners also took part.
WI Harper, ITIC lead $4m Series A for Taiwan's HWTrek
Taiwan business networking startup HWTrek has raised a $4 million Series A round led by WI Harper and the Industrial Technology Investment Corporation (ITIC), with participation from Legend Star Capital, JD.com, and Global Brain.
Advantage exits GTA TeleGuam to Indonesian trade buyer
Japan's Advantage Partners has exited GTA TeleGuam - the former state-owned telephone company based on the island of Guam - to Telkom Indonesia. The value of the transaction has not been disclosed.
CyberAgent Ventures launches $50m Southeast Asia fund
Japan's CyberAgent Ventures (CAV) - the corporate venture arm of the eponymous Japanese internet firm - has launched a $50 million fund focusing on Southeast Asia start-ups.
China luxury e-commerce site gets $30m Series C round
Pacific Venture Partners has led a $30 million Series C round of funding for Xiu.com, a China-based luxury brand e-commerce platform.
Cathay backs China food ingredients maker
Cathay Capital has bought a 25% stake in Chinese food ingredient maker Cabio Bioengineering (Wuhan).
Aberdeen Asset Management buys FLAG Capital
Aberdeen Asset Management has bought FLAG Capital Management, the US-based firm that acquired Asia-focused fund-of-funds Squadron Capital in 2012. The financials of the transaction were not disclosed.
China VC activity will continue to thrive - AVCJ Forum
Chinese VC deal activity is expected to retain its strong momentum over the next few years, largely due the increasing diversity of exit channels.
GIC, BlackRock cornerstone CITIC PE-backed 3SBio's IPO
GIC Private and BlackRock have joined four other investors to cornerstone Chinese biotech pharmaceutical developer 3SBio's relisting in Hong Kong, two years after it was taken off NASDAQ by CITIC Private Equity.
TVS Logistics, Tata Opportunities to acquire DIESL
India's Tata Capital will acquire a minority stake in TVS Logistics Services and support the company in its acquisition of Drive India Enterprise Solutions (DIESL).
Chinese games platform Egret gets Series B round
Shenzhen Capital Group and Matrix Partners China have participated in a Series B round of funding for Egret Technology, a Chinese internet technology platform that focuses on mobile games development.
China’s JD.com leads $70m round for VC-backed Fruitday
Chinese online retailer JD.com has led a $70 million Series C round for Fruitday, a China-based e-commerce site dedicated to selling imported fruit.
Chinese consortium to buy US biotech firm Ambrx
A consortium of Chinese investors including Shanghai Fosun Pharmaceutical Group, Hopu Investments, CEL Healthcare Fund and WuXi PharmaTech will acquire Ambrx, a US-based biotech pharmaceutical developer.
KKR Asia head Joe Bae to move back to US
Joe Bae, who moved to Hong Kong 10 years ago to set up KKR’s Asia business, will return to the US in the summer. He will continue to lead the firm’s regional operations as managing partner of KKR Asia.
CalPERS, QIC agree $764m Asia infrastructure partnership
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Qiming leads $30m round for China internet security firm
Qiming Venture Partners has led a $30 million Series B round of funding for FraudMetrix, a Chinese internet security solutions provider.