News
Ping An Ventures leads $200m round for China’s Mogujie
Ping An Ventures, a VC arm under Ping An Insurance, has led a Series D round worth $200 million for Mogujie.com, a Chinese social networking and shopping platform.
China B2B travel site raises $78m Series B round
Lvyouquan.cn, a Chinese business-to-business (B2B) online travel platform, has raised RMB500 million ($78 million) in a Series B round of funding from a group of domestic investors.
NEA, Accel commit $12.5m to India's MindTickle
Accel Partners and New Enterprise Associates (NEA) have invested $12.5 million in a Series A round of funding for Indian business training and networking platform MindTickle.
Bain makes part-exit as Japan's Bellsystem24 goes public
Bain Capital has made a partial exit from Bellsystem24 as the Japan-based call center business raised JPY48.1 billion ($391 million) through an IPO. The company plans to broaden its service offering and expand into Southeast Asia.
Alibaba picks Gobi, CDIB to run HK, Taiwan entrepreneur funds
Alibaba Group has officially launched its entrepreneur funds - worth a collective $450 million - in Hong Kong and Taiwan, picking Gobi Partners and China Development Industrial Bank (CDIB) to manage the vehicles in those respective markets.
Shenzhen Qianhe leads $47m round for China education platform
Shenzhen Qianhe Capital, an investment firm set up by former leading Chinese mutual fund manager Yawei Wang, has led a RMB300 million ($47 million) Series B round for education group Uniquedu.
Bessemer leads $25m round for India's UrbanClap
Bessemer Venture Partners has led a $25 million Series B funding round for Indian local services marketplace UrbanClap.
Kalaari commits $4m to India's ScoopWhoop
Kalaari Capital has invested $4 million in Indian internet news and media outlet and production company ScoopWhoop.
PE-backed ZhongDi Dairy targets $65m Hong Kong IPO
China ZhongDi Dairy Holdings, a private equity-backed dairy farm operator that supplies raw milk to leading brands such as Mengniu Dairy and Yili Group, is targeting a Hong Kong IPO of up to HK$508.4 million ($65.6 million).
Offshore service providers see regulation driving up costs - survey
The law firms, corporate service providers and accountants responsible for the offshore structures that underpin most private equity funds and transactions expect costs to rise as tighter regulations take hold.
India's NSR promotes Arvind Malhan to partner
Indian growth-stage private equity firm New Silk Route (NSR) has promoted Arvind Malhan to partner.
Ameba Capital closes second China VC fund at $157m
Ameba Capital, an early-stage VC firm co-founded by former executives from Alibaba Group and Kingsoft, has closed its second renminbi-denominated fund at RMB1 billion ($157 million).
Chinese online education platform TutorGroup raises $200m
TutorGroup, a Chinese online education platform, has raised $200 million in a Series C round of funding from new investors including GIC Private and the Russia-China Investment Fund (RCIF).
OrbiMed exits India's Ecron Acunova for $17.4m
Indian life-science technology company Take Solutions has agreed to pay INR1.15 billion ($17.4 million) for Ecron Acunova (EA), providing an exit for healthcare-focused private equity firm OrbiMed Advisors.
Taiwan’s CDIB Capital launches cross-strait VC fund
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), is raising a later-stage venture fund to focus on cross-strait expansion.
CHAMP's Ferris to lead Innovation Australia
Bill Ferris, co-chairman and co-founding partner of CHAMP Private Equity, has been appointed chairman of Innovation Australia, an independent, government-established body with a mandate that includes supporting start-ups and venture capital.
China cinema ticket sales app Wepiao raises $234m
Wepiao, a Chinese mobile app specializing in movie ticket sales, has completed a Series C round of funding worth RMB1.5 billion ($234 million) led by the government-backed Beijing Cultural Assets Chinese Film & Television Fund.
India's Ola receives $500m Series F round
India ride-hailing service Ola has completed a Series F round of funding, raising $500 million at a reported valuation of around $5 billion.
KKR buys controlling stake in India's Avendus
KKR has bought a 70% stake in Indian financial services firm Avendus Capital for an undisclosed sum.
CreditEase's online P2P lending unit files for US IPO
Yirendai.com, an online peer-to-peer (P2P) online platform owned by China-based micro-credit loan player CreditEase, has filed for an IPO in the US.
Sequoia, Lightspeed lead $34m round for India's Craftsvilla
Sequoia Capital and Lightspeed Ventures have led a $34 million Series C round for Indian online ethnic products marketplace Craftsvilla.
Hamilton Lane opens Korea office
Hamilton Lane has opened an office in Seoul, the firm's 12th globally. It will be headed by Sung-ji An, who is relocating from Hong Kong.
Lakeshore closes first Thailand fund at $60m
Lakeshore Capital Asia has closed its first Thailand-focused fund - one of the few such vehicles, if not the only fully institutional player - at $60 million.
KKR makes $90m China fish food investment - update
KKR has made a fifth investment intended to leverage rising food quality and safety in China by taking a significant minority stake in Yuehai Feed Group, which primarily supplies shrimp farms, for about $90 million.