News
Singapore’s VisVires backs domestic food tech player
VisVires New Protein, a Singapore-based VC firm specializing in food technology has led a $5 million round for Nutrition Innovation, a domestic start-up focused on healthier sugar production.
MBK-owned Homeplus abandons plan for Korean REIT
Homeplus, a South Korean supermarket retailer that an MBK Partners-led consortium acquired from Tesco for $6.4 billion in 2015, has abandoned plans for the IPO of a real estate investment trust (REIT).
Chinese robotics developer secures $15m Series A
Hangzhou Guochen Robotic Technology, a Chinese company that manufactures intelligent service robots and incubates start-ups in this field, has raised RMB100 million ($15 million) in a Series A round led by domestic VC firm Yingshi Jijin.
Asian PE firms still struggle with tech investments - Bain & Co
Private equity firms are deploying increasing amounts of capital into Chinese internet plays without having a clear understanding of what the target businesses are worth or how to add value to them, according to Bain & Company.
Investors commit $65m to Indian digital insurance player
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
Japan's Infinity Ventures targets $120m for fourth fund
Japan-based Infinity Ventures has launched its fourth fund focused on Japan and China with a target of $120 million.
TPG terminates Bill McGlashan amid US bribery scandal
TPG Capital has terminated Bill McGlashan (pictured), founder of its mid-market investment platform TPG Growth and co-founder of impact investment vehicle The Rise Fund, after he was charged this week for his role in the college bribery scandal in the...
China enterprise SaaS provider raises $45m from Sequoia
Jushuitan, a China-based software-as-a-service (SaaS) provider of operating management systems to small to medium-sized e-commerce operators, has received RMB300 million ($45 million) from Sequoia Capital China.
China's Lufax hits $39.4b valuation with Series C round
Lufax, a Chinese online lending and wealth management platform established by Ping An Insurance, has achieved a post-money valuation of $39.4 billion with the completion of the Series C funding round. It comes after the company was said to have postponed...
Everstone's healthcare platform makes first India investment
Everlife, an Asia healthcare investment platform managed by India’s Everstone Group, has made its first investment in India, committing an undisclosed amount to medical device manufacturer CPC Diagnostics.
Bertelsmann leads $27m round for India's AgroStar
Bertelsmann India Investments has led a $27 million Series C round for AgroStar, an Indian mobile retail platform focused on the agriculture sector.
Brookfield to buy majority stake in Oaktree
Brookfield Asset Management has agreed to acquire a 62% stake in Oaktree Capital in a deal worth about $4.7 billion.
Shunwei leads round for Chinese apparel platform Yi Shou
Shunwei Capital, a VC firm established by Xiaomi founder Lei Jun, has led a RMB55 million ($8 million) Series B round for B2B apparel sourcing and wholesaling platform Yi Shou.
SoftBank to invest $1.6b in China’s Didi Chuxing
SoftBank plans to invest around $1.6 billion in Chinese ride-hailing app operator Didi Chuxing, marking the Japanese internet giant’s third investment in the company.
Australia's King River launches debut VC fund
Newly established Australian venture capital firm King River Capital has confirmed the launch of its debut fund and two initial investments.
Hony co-leads $700m round for US-based STX
Hony Capital has co-led a $700 million funding round for US film and TV studio STX Entertainment along with TPG Growth, the mid-market investment platform of TPG Capital.
Korean cloud services provider gets $45m
MegazoneCloud, a Korean IT services provider that helps companies incorporate cloud-based systems, has raised $45 million from a group of domestic investors, including the National Pension Service (NPS).
HSBC, Singtel join $25m round for Singapore's CXA
Singapore-based digital health start-up CXA Group has raised $25 million in funding from a string of strategic backers, including HSBC and the Asia investment arms of Singtel and Sumitomo Corporation.
Chinese O2O retailer raises $59m from Alibaba-backed fund
KK Guan, a China-based online-to-offline (O2O) retailer that mainly sells imported goods, has received RMB400 million ($59 million) in Series C funding led by the Electronic World Trade Platform (eWTP) Ecosystem Fund, which is backed by Alibaba Group...
UK-based CD Capital acquires Australia's Verdant Minerals
CD Capital, a natural resources and mining-focused private equity firm based in the UK, has agreed to acquire Australian mining operation Verdant Minerals in a deal that values the company at A$40.5 million ($28.6 million).
Chinese pet e-commerce player gets $30m Series B
Mollybox, a subscription-based pet e-commerce company based in China, has raised a $13 million Series B round led by DCM Ventures and Digitalis Ventures.
Advantech, CMBI lead Series C for China's InventisBio
Advantech Capital and CMB International, an investment unit of China Merchants Bank, have led a $70 million Series C funding round for InventisBio, a Chinese clinical stage biotech company.
CDPQ leads $150m round for China's Mofang Apartment
Mofang Apartment, a Chinese serviced apartment developer backed by Warburg Pincus, has raised a $150 million Series D round led by Caisse de dépôt et placement du Québec (CDPQ).
Chinese AI-driven search engine Tigerobo raises $33m
Tigerobo, an artificial intelligence-driven financial information search engine, has raised $33 million in Series A funding from PAC, CreditEase New Finance Industry Fund and existing investor Gaorong Capital.
