News
Chinese rural-focused financing platform gets $47m
Shenma Finance, an online platform that provides vehicle financing to China’s rural population, has received RMB300 million ($47.2 million) in Series C funding led by domestic financial technology player Tongbanjie Group, China Growth Capital, and Hina...
Qiming joins $12.6m round for China's Wuxi Vision
Qiming Venture Partners and Ruijan Capital have contributed RMB80 million ($12.6 million) to a Series B round for Wuxi Vision Pro, a Chinese ophthalmic medical device maker with operations in the US.
Carlyle hires ex-Kingsoft CEO as senior advisor
The Carlyle Group has appointed former Kingsoft CEO Hongjiang Zhang as a senior advisor to its Asian private equity business. The move is intended to deepen the firm’s coverage of the internet and technology space.
China Everbright fund to buy stake in LifeTech Scientific
A healthcare fund managed by China Everbright has agreed to acquire the bulk of global medical equipment manufacturer Medtronic’s stake in Hong Kong-listed LifeTech Scientific Corporation.
Ping An healthcare business trades flat after $1.1b IPO
Ping An Healthcare & Technology – operator of the Chinese healthcare-focused mobile app known as Ping An Good Doctor – closed flat on its Hong Kong trading debut following an HK$8.77 billion ($1.1 billion) IPO.
CDH makes $1.4b bid for Australia's Sirtex Medical
Chinese private equity firm CDH Investments has submitted a A$1.87 billion ($1.4 billion) bid for Australia-based Sirtex Medical. It comes days before Sirtex shareholders were due to vote on a lower offer from US-listed Varian Medical Systems.
GGV closes debut renminbi VC fund at $236m
GGV Capital has raised RMB1.5 billion ($236 million) for its debut renminbi-denominated fund. The successful close takes the Sino-US venture capital firm’s total assets under management past $4 billion.
GGV leads $15.7m Series B for China's Synyi
Synyi, a Chinese artificial intelligence (AI) start-up that helps hospitals and medical research institutes process and manage data, has received RMB100 million ($15.7 million) in Series B funding led by GGV Capital.
Australia's NAB to sell MLC wealth management arm
National Australia Bank (NAB) has confirmed it will sell MLC, a wealth management unit that operates the country’s largest retail superannuation fund.
Sequoia, Saama to exit US, India-based analytics company
Sequoia Capital India and Saama Capital will exit their 10-year investment in ScioInspire Holdings, a healthcare analytics platform with operations in the US, UK and India, through a merger with US-listed industry peer EXL.
India's Zodius hires executive from Providence
Varun Laul (pictured), the sole remaining India-based representative of Providence Equity Partners, has left the GP to join technology-focused venture capital firm Zodius Capital.
Chinese robot developer gets $820m Series C round
Tencent Holdings has led an $820 million Series C round of funding for Ubtech, valuing the Chinese manufacturer of consumer humanoid robots at approximately $5 billion.
GSR invests $236m in China environmental technology player
GSR Capital, a Chinese private equity firm with a strong interest in clean energy technology, has agreed to invest RMB1.5 billion ($236 million) in overleveraged domestic environmental project developer Shenwu Technology Group.
HQ raises $250m for Asia secondaries fund
HQ Capital has closed an Asia-focused secondaries fund at the hard cap of $250 million as part of an oversubscribed global fundraising drive that has received $674 million in third-party commitments.
PE-backed Xiaomi set for Hong Kong IPO
Xiaomi, a Chinese smart phone maker that has received substantial venture capital and private equity funding, has filed for an IPO in Hong Kong.
Lilly Asia leads $25m round for US-based Avedro
Lilly Asia Ventures (LAV) has led a $25 million round for Avedro, a US-based ophthalmic pharmaceutical and medical devices company with a view to expanding in Asia.
PE-backed GR Infraprojects files for India IPO
Indian road and highway developer GR Infraprojects has filed for an IPO that will see Motilal Oswal Private Equity (MOPE) exit the bulk of its stake.
India's Bizongo gets $22m round
Indian business-to-business packaging marketplace Bizongo has raised a $22 million Series B round led by B Capital and the International Finance Corporation (IFC).
CVC buys currency trading platform to support Asia expansion
CVC Capital Partners has agreed to acquire currency trading platform Oanda Global Corporation with a view to helping the company further develop its business in Asia.
India's Unitus reaches $15m first close on second impact fund
Indian VC firm Unitus Ventures (formerly Unitus Seed Fund) has reached a first close of INR1 billion ($15 million) for its second early-stage impact investment fund.
China's Decheng targets $450m for third fund
Chinese healthcare and life sciences-focused GP Decheng Capital is targeting $450 million for its third US dollar-denominated fund.
Singapore's Dymon closes Fund II at $450m
Singapore-based Dymon Asia Private Equity (DAPE) has closed its second fund targeting lower middle-market companies in Southeast Asia with $450 million in commitments. It had initially targeted a corpus of $350 million.
PE-backed STX Entertainment files for Hong Kong IPO
STX Entertainment, a film and TV studio that claims to bridge the US and Chinese markets, has filed for an IPO in Hong Kong. The company’s investors include Hony Capital and TPG Capital’s growth arm.
PennSERS to invest $75m in Hahn & Co's Korea fund
Pennsylvania State Employees’ Retirement System (PennSERS) has agreed to commit up to $75 million to Hahn & Company’s third Korea-focused fund.