News
Indian government announces FDI liberalization
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
KKR exits French energy firm to Australia's First State
KKR has sold its stake in French district heating provider Coriance to First State Investments, the asset management division of the Commonwealth Bank of Australia.
NewMargin leads $10.6m round for China's Flower Plus
NewMargin Ventures has led a RMB70 million ($10.6 million) Series A round of funding for Flower Plus, a Chinese mobile flower ordering platform.
AVCAL calls for reforms ahead of Australian election
The Australian Private Equity & Venture Capital Association (AVCAL) is urging major political parties to do more to help scale up domestic companies ahead of a federal election next month.
Carlyle hires ex-Johnson & Johnson chair to advise Asia buyout
The Carlyle Group has hired Jesse Wu, the former chairman of Johnson & Johnson China, as a senior advisor to the firm’s Asia buyout team.
OrbiMed, Chinese strategic to buy Canadian healthcare player
OrbiMed will consolidate its control of Canada-listed clinical equipment producer Response Biomedical in an C$11.1 million ($8.6 million) take-private deal including participation by Shanghai Runda Medical Technology.
Tax law eased for Indian start-up investments
India's Central Board of Direct Taxes (CBDT) has implemented an exemption on income taxes for investments in some start-ups.
TPG buys stake in Philippines rural bank
TPG Capital’s growth unit has agreed to buy a 40% stake in One Network Bank (ONB), the rural subsidiary of mainstream Philippines lender BDO. Financial terms were not disclosed.
HighLight Capital leads $7.6m round for TCM play
Chinese healthcare-focused GP HighLight Capital has led a RMB50 million ($7.6 million) Series B round for Jun He Tang, a traditional Chinese medicine (TCM) business, followed by existing investor Qiming Venture Partners.
SAIF leads $12m round for India's ClearTax
SAIF Partners has led a $12 million Series A round for Indian online tax filing website ClearTax.
Shenzhen Hepalink commits $60m to TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical has agreed to commit $60 million to TPG Capital’s latest biotech fund.
IFC to support Abraaj's $200m Pakistan fund
The International Finance Corporation (IFC) has proposed investing up to $20 million in a Pakistan-focused fund being raised by The Abraaj Group. The vehicle has an overall target of $200 million.
Lei Jun, CEO withdraw take-private proposal for China's YY
The chairman and CEO of YY, a VC-backed Chinese social networking platform, have withdrawn their take-private bid for the company. The move comes as regulators study the impact of overseas-listed companies re-listing domestically through IPOs, M&A and...
Sequoia leads $20m Series B for India's Voonik
Indian personalized fashion portal Voonik has raised a $20 million Series B round of funding led by existing investor Sequoia Capital.
China search giant Baidu launches $303m media fund
Baidu, China's leading internet search provider, has set up a RMB2 billion ($303 million) fund that will support the production of at least 30 movies over the next two years.
Pavilion invests $5.8m in Japan's Soracom
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has committed JPY600 million ($5.8 million) to Japanese internet-of-things (IoT) company Soracom.
China parenting site Beibei raises further $100m
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
India's Lok Capital reaches $40m first close on third fund
Indian venture capital firm Lok Capital has reached a first close of $40.5 million for its third fund, which is targeting a $100 million total corpus within 12-18 months.
IFC to anchor $200m round for India's Glenmark
The International Finance Corporation (IFC), the investment arm of the World Bank, will anchor a planned $200 million funding round for India's Glenmark Pharmaceuticals, committing up to $75 million.
China's Fenqile receives $235m in Series D funding
Fenqile, a Chinese installment payment platform, has received $235 million from investors including Huasheng Capital, CoBuilder Partners and an unnamed Chinese insurance company.
China's Didi Chuxing raises $7.3b in equity, debt financing
Didi Chuxing, China’s leading ride-hailing app operator, has raised $7.3 billion in new funding, comprising $4.5 billion in equity and $2.8 billion in debt. The round is said to value the company in excess of $25 billion.
China delivery service provider UC Express raises $46m
Chinese delivery service provider UC Express has raised about RMB300 million ($46 million) in a Series A round of funding from Eastern Bell Venture Capital and Kerry Logistics.
KKR to buy Korean retailer Kim's Club - report
KKR has agreed to buy Korean luxury grocery chain Kim's Club from its owner, Korean retail conglomerate E-Land Group.
IBM launches Asia-focused tech accelerator in Singapore
IBM has launched an accelerator in Singapore that will help Asia Pacific start-ups commercialize blockchain technology and the cognitive computing system known as Watson.