News
KKR to sell Korean battery components maker for $1b
KKR is set for the first exit from its third Asian fund, having agreed to sell Korean copper foils manufacturer KCF Technologies to an affiliate of SK Group for KRW1.2 trillion ($1 billion).
Korea's Crescendo invests $50m in Qxpress
Qxpress, the logistics subsidiary of Southeast Asian e-commerce platform Qoo10, has raised $50 million from Korean private equity firm Crescendo Equity Partners.
India grocery platform raises $13m
Indian online food and grocery wholesale platform Jumbotail has raised more than INR900 million ($13 million) in a Series B round led by Canadian venture capital firm Heron Rock Fund.
Boyu leads round for Chinese health insurance platform
Waterdrop, a Chinese online health insurance platform that runs mutual aid programs and provides brokerage services, has raised RMB1 billion ($145 million) in Series C funding led by Boyu Capital.
PE-backed Fang.com spins out China property analytics business
Private equity-backed online real estate portal Fang.com has spun-out its property analytics and benchmarking system in what its CEO Yu Huang described as the first direct public offering (DPO) by a Chinese company in the US.
GIC, Booking invest $180m in Korea's Yanolja
Singapore’s GIC Private and US-based Booking Holdings have invested $180 million in South Korean hotel operator and booking platform Yanolja, reportedly valuing the company at more than $1 billion.
AlixPartners hires managing director for Shanghai office
AlixPartners, an advisory firm specializing in turnaround deals, has expanded its Greater China practice with the appointment of Ford Motor Company's Stephen Dyer (pictured) as a managing director in Shanghai.
500 Startups launches second Korea fund
500 Startups has launched its second Korea fund focused on early-stage technology companies in the country.
Nan Fung, Pivotal China lead $80m round for Oncologie
Oncologie, a cancer drug developer with bases in Shanghai and Boston, has secured $80 million in Series B funding led by Nan Fung Life Sciences and Pivotal Bioventure Partners China.
Vivo raises $1.28b for China-US healthcare fund
US and China-focused healthcare investor Vivo Capital has raised $1.28 billion for its ninth private equity fund. The predecessor vehicle closed at $750 million in 2015.
Kedaara completes exit from India's Mahindra Logistics
Kedaara Capital has sold its remaining stake in Mahindra Logistics (MLL), the logistics and transport service of India’s Mahindra & Mahindra.
Singapore's Wavemaker reaches $60m first close on third fund
US and Singapore-based early-stage VC firm Wavemaker Partners has reached a first close of $60 million for its third Southeast Asia-focused fund. The target is $100 million.
Sequoia, Coatue lead $70m round for China's Yunquna
Sequoia Capital China and Coatue Management have a led a $70 million Series C round of funding for Yunquna, an online logistics services platform for the shipping industry.
Qiming leads $15m round for Indian publishing platform
Qiming Venture Partners has led a $15 million Series B round for Pratilipi, a publisher of Indian vernacular language content.
Gaorong-backed GSX Techedu loses ground after $208m US IPO
GSX Techedu, operator of Chinese online education platform Baijiahulian, raised $207.9 million in its US IPO, but a flat first day of trading was followed by a 4.6% decline on day two.
CMC backs Chinese play center operator
CMC Capital Partners has led a Series B round of more than RMB100 million ($15 million) for Neobio, a Chinese operator of children’s play centers.
Russia's sovereign fund signs tech deals with CIC, Alibaba
The Russian Direct Investment Fund (RDIF) has entered into two technology-related ventures, partnering with China Investment Corporation (CIC) on an innovation fund and teaming up with Alibaba Group among others to create a social commerce platform.
Hillhouse buys whisky producer Loch Lomond Group
Hillhouse Capital has acquired Scotland-based whisky producer Loch Lomond Group with a view to helping the company expand its presence in Asia.
Advent raises $17.5b for ninth global fund
Advent International has closed its latest global fund at the hard cap of $17.5 billion, completing its largest-ever fundraising exercise in the space of six months.
Joy Capital sets $350m target for third China VC fund
Joy Capital is seeking $350 million for its third China-focused venture capital fund, which would take the four-year-old firm’s assets under management past the $1 billion mark.
SDIC, Sherpa lead $74m round for China's EpimAb
Shanghai-based biopharmaceutical company EpimAb Biotherapeutics has raised a $74 million Series B round led by SDIC Fund Management and healthcare specialist Sherpa Healthcare Partners.
General Atlantic leads $51m Series C for India's NoBroker
General Atlantic has led a $51 million Series C round for NoBroker, an online real estate marketplace based in India. SAIF Partners and Beenext Capital Management also participated in the round.
China agriculture biotech program gets $30m
An investment platform owned by the Beijing Changping regional government has committed RMB204 million ($30 million) to a partnership with Origin Agritech that will commercialize genetically modified corn seeds.
Sinovation closes $362m RMB fund, establishes GBA base
Sinovation Ventures has raised RMB2.5 billion ($362 million) for a fund that will focus on artificial intelligence (AI), big data and related areas. The final close was announced at the unveiling of the firm’s Greater Bay Area (GBA) headquarters in Guangzhou....