News
BlueRun leads $100m Series C for China's QingCloud
China-based cloud computing platform QingCloud has raised a $100 million Series C round led by existing investor BlueRun Ventures.
G.S.K. Velu launches India VC fund
G.S.K. Velu, a former promoter of medical diagnostic chain Metropolis Healthcare, has launched a $100 million venture capital fund.
Accel leads $3m Series A round for India's Ninjacart
Accel Partners has led a $3 million Series A round for Indian business-to-business (B2B) online marketplace Ninjacart.
Malaysia's VC-backed PurelyB buys Singapore yoga portal
Malaysian health and wellness company PurelyB has acquired Singaporean yoga lifestyle website Stretch City.
Jafco, Voyage in $2.6m round for Japan's Repro
Japanese mobile analytics provider Repro has raised JPY300 million ($2.6 million) for a US expansion from investors including Jafco and Voyage Ventures.
Philippines-based PDS secures funding
Philippines-based mobile fintech start-up Pitaca Digital Services has raised a funding round managed by Carillion Partners, a boutique investment services and financial advisory company affiliated with Hong Kong-based Angeon Advisors.
Hallyu Ventures invests $13.8m in Korean coffee house
Singapore’s Hallyu Ventures will acquire a 38% stake in South Korean coffee shop operator Caffe Bene for a cash consideration of KRW16.6 billion ($13.8 million).
Philippines online pawn store secures VC funding
Manila-based online pawnshop PawnHero has raised an undisclosed amount of pre-Series A funding from a group of venture backers.
Alibaba buys Hong Kong-listed AGTech
Alibaba Group and its financial services affiliate Ant Financial have purchased Hong Kong-listed gaming technology company AGTech in a move aimed at expanding the target’s existing mobile and internet lottery businesses.
China VC-backed online campus store 8Dol raises $30m
8Dol.com, a Chinese campus O2O services provider backed by several VC investors, has raised an extended Series B round worth RMB200 million ($30 million) led by Longrich, a Chinese cosmetics company.
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
Advantage acquires Japan's Ishii Sports
Advantage Partners has acquired Tokyo-based outdoor sports equipment retailer Ishii Sports.
CHAMP PE backs Australian forex broker
CHAMP Private Equity has invested in Pepperstone, an Australian foreign exchange broker that facilitates more than $100 billion in transactions every month.
China's LeTV raises $153m for cloud-computing unit
LeTV Cloud, a cloud-computing service platform owned by Chinese online video company Leshi Internet Information & Technology (LeTV), has raised RMB1 billion ($153 million) from state-owned Chongqing Industrial Investment Fund.
Equis launches SE Asia's largest solar project
Renewable energy-focused developer and investor Equis Funds Group has launched Southeast Asia's largest solar energy project in the Philippines.
India's Access buys network solutions provider Teleysia
Access Asset Managers has taken a controlling interest in Indian wireless telecom consultancy Teleysia Networks.
Guo Jin leads $15m round for China education platform
Guo Jin Capital, a Shenzhen-based early-stage VC firm, has led a RMB100 million ($15.3 million) Series B round for ABC360, an online English learning platform.
Relationships key to raising capital from family offices - AVCJ Forum
Relationship-building should underpin fundraising efforts targeting family offices, with an emphasis on understanding individual needs and motivations, industry participants told the AVCJ Australia & New Zealand Forum.
Warburg Pincus trims stake in China Biologic
Warburg Pincus has generated $425.7 million by selling an approximately 16% interest in US-listed biopharmaceuticals developer China Biologic Products.
Japan marketplace Mercari gets $74m Series D round
Japan’s Mitsui & Co has co-led a JPY8.4 billion ($74 million) Series D round of funding for smart phone peer-to-peer marketplace Mercari.
AION supports buyout of GE's India commercial lending business
GE Capital will sell its India commercial lending and leasing businesses to a consortium led by AION Capital Partners.
UK-based Blippar raises $54m for Asia expansion
Blippar, a UK-based developer of augmented reality, computer vision and artificial intelligence technology, has raised a $54 million Series D round to support its Asia expansion plans.
AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
Malaysia car sale platform raises $2m Series A round
Malaysian PE fund IdeaRiverRun has led a $2 million Series A round of funding for Carsome, a local car purchasing platform.