News
China's CIC sets up $184m cross-border tech fund with Ireland
China Investment Corporation (CIC) has teamed up with state-controlled Ireland Strategic Investment Fund (ISIF) to launch a EUR150 million ($184 million) cross-border technology fund.
LPs want stability plus innovation from Chinese GPs - AVCJ Forum
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China closes debut RMB fund at $110m
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
NIIF, DP World acquire India's PE-backed Continental
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest closes flagship fund-of-funds at $1.7b
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.
Tencent leads $200m round for China's Qutoutiao
Tencent Holdings has led a Series B round worth more than $200 million for Qutoutiao, a Chinese mobile news reading app. The round gives the company a post-money valuation of $1.6 billion.
Asia GPs must spend more time, effort extracting value - survey
Asian PE investors must accustom themselves to longer holding periods and more aggressive value creation initiatives if they are to achieve their target returns in a pricey market, according to Bain & Company.
CLSA buys Japanese online appliance business
CLSA Capital Partners (CLSA CP) has acquired Moa Group, a Japanese online retailer primarily focused on household appliances.
Chinese tech firms target overseas expansion – AVCJ Forum
More Chinese technology companies have developed capabilities to expand overseas with a view to acquiring new customers that can support growth and strengthen their leading positions at home, industry participants told in AVCJ China Forum.
China leads the world in internet technology - AVCJ Forum
Mobile payment represents a “big inflection point between China and the rest of the world,” underlining how the country has become a leader in technology, according to Victor Koo, founder of video streaming platform Youku.
Capital Square-owned Aegis to merge with US-based Startek
Indian business process outsourcing (BPO) service provider Aegis, which was acquired by Capital Square Partners last year, has agreed to merge with US-based counterpart Startek. The deal will give Capital Square control of the combined company.
Carlyle exits Asia containership joint venture
The Carlyle Group has fully exited Greater China Intermodal Investments (GCI), its Asia-focused containership-building joint venture with US-based Seaspan Corporation.
OTPP appoints Asia head
Ontario Teachers’ Pension Plan (OTPP) has appointed Datuk Ben Chan, formerly of Malaysia’s Khazanah Nasional, as regional managing director for Asia Pacific.
Delos Capital buys India's Sage Metals
US-based private equity firm Delos Capital has acquired Indian specialty metal products manufacturer Sage Metals for an undisclosed amount.
China's CIC exits Blackstone stake
China Investment Corporation (CIC) has exited its remaining stake in The Blackstone Group, ending an investment of nearly 11 years.
Investors advise caution in face of crazy valuations - AVCJ Forum
The current climate of “crazy valuations” globally – and particularly in China’s internet space – cannot be sustained indefinitely and prudent investors should ensure portfolio companies are well capitalized in anticipation of a downturn, the AVCJ China...
Korean cross-border fund supports US solar panel buyout
The Corporate Partnership Fund (COPA Fund), a cross-border program backed by Korea's National Pension Service (NPS), has joined Korea Electric Power Corporation (KEPCO) in the acquisition of three US solar power projects.
Australia invests $12m in domestic agtech ecosystem
The state government of Victoria in Australia has confirmed a plan to invest A$15 million ($12 million) in the local agricultural technology sector.
TPG secures partial exit from Australian poultry player
TPG Capital has made a partial exit from Inghams Group, the Australian poultry producer it acquired in 2013 and took public in November 2016.
China's PE-backed Ucommune acquires domestic rival
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
India's Brand Capital appoints CEO
Brand Capital, an investment arm of India’s The Times Group, has named Sam Subramaniam as its CEO.
Singapore's GTR Ventures invests five fintech companies
GTR Ventures, a Singapore-headquartered VC firm launched last September, has made its debut investments in five financial technology companies.
Actis leads $82m round for India's Pine Labs
Emerging markets-focused private equity firm Actis has led an $82 million funding round for Indian financial technology company Pine Labs.
Alibaba leads $866m round for China's Ofo
Chinese bike-sharing start-up Ofo has raised $866 million in a new funding round – comprising equity and debt – led by existing investor Alibaba Group. It is said to be the largest round raised by a bike-sharing company to date.