News
China's Didi Kuaidi completes $3b funding round
China-based ride-hailing app operator Didi Kuaidi has closed a $3 billion funding round, said to be the largest-ever fundraise by a private internet start-up globally.
Cisco commits $10m to Monk's Hill Southeast Asia fund
Cisco Investments has committed $10 million to Monk's Hill Ventures' latest Southeast Asia-focused venture capital fund.
Australia's Blue Sky buys stake in Origo Education
Australia-based Blue Sky Private Equity has acquired a significant minority stake in Origo Education, a mathematics tuition provider for primary school students.
Everbright leads $63m round for China's Baifendian
Baifendian, a Beijing-based big data technology developer backed by several VC investors, has raised RMB400 million ($63 million) in a Series D round of funding led by Everbright Securities.
Delivery start-up Lalamove gets $10m bridge round
Lalamove, a Hong Kong-based delivery start-up, has received $10 million in funding from MindWorks Ventures, AppWorks and Crystal Stream Capital, as well as several individual backers.
500 Startups to raise Japan seed fund
US-based accelerator 500 Startups has extended its Asia footprint with the launch of a $30 million fund dedicated to early-stage Japanese technology companies.
Alibaba, Yunfeng, Sina launch sports business
Alibaba Group has set up sports unit alongside Chinese internet company Sina Corporation and Yunfeng Capital, a PE firm backed by Alibaba founder Jack Ma.
CHAMP PE to make partial exit from Accolade Wines
Australia-based CHAMP Private Equity is set for a partial exit from Accolade Wines after agreeing to sell its 50% stake in UK-based drinks wholesaler Matthew Clark to Conviviality Retail, owner of a franchised off-license chain in the UK.
Everstone buys Hindustan Unilever's bakery business
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
Uber CEO confirms China fundraising plans
Travis Kalanick, founder and CEO of ride-hailing app Uber, has confirmed that the company has raised $1.2 billion for Uber China, a dedicated unit set up to address the local market.
H Capital leads $30m round for China education site
China-focused venture capital firm H Capital has led a $30 million Series A round of funding for Lexue Education, an online education platform.
Temasek, Vy Capital lead $60m round for India's Zomato
Temasek Holdings and existing investor Vy Capital have committed $60 million in funding to Indian online restaurant and event guide Zomato.
Paine & Partners' Indonesian Icicle exit falls through
Paine & Partners’ proposed exit from North America-based seafood business Icicle Holdings to a company owned by Indonesia’s Soetantyo family has been terminated.
CHAMP PE, Sigdo Koppers pull plug on Bradken deal
CHAMP Private Equity and Chilean conglomerate Sigdo Koppers have abandoned merger discussions with struggling Australian mining industry supplier Bradken.
MBK consortium to buy Tesco's Homeplus in $6.4b deal
A consortium led by MBK Partners has agreed to buy Homeplus – Tesco’s South Korea unit – at an enterprise valuation of GBP4.2 billion ($6.4 billion). Canada Pension Plan Investment Board (CPPIB) will contribute $534 million to the deal. Other co-investors...
China Post Capital invests in Alibaba's Ant Financial
China Post Capital, an investment arm of postal service operator China Post Group, has purchased a minority stake in Ant Financial, Alibaba Group’s online financial services affiliate.
GGV leads $19m round for China AR toy maker
GGV Capital has led a RMB120 million ($19 million) round of funding for Neobear, a China-based company that develops interactive learning tools for children.
Australian SME lender Prospa raises $41m
Prospa, an online platform that focuses on lending to Australian small and medium-sized enterprises (SMEs) has raised A$60 million ($41 million) in a funding from a string of private equity firms.
Tencent, Yunfeng back China social-networking site for doctors
Tencent Holdings and Yunfeng Capital have committed $40 million in a Series B round of funding to Medlinker, a Chinese social-networking platform for doctors.
Korea outbound fund supports $377m China logistics deal
STIC Investments and Korea’s National Pension Service (NPS) have agreed to support a KRW455 billion ($377 million) acquisition of a majority stake in China-based Rokin Logistics by CJ Korea Express Corp.
Founder of Japan's Beenos launches $60m Asia VC fund
The founder of Japanese e-commerce company Beenos, Teruhide Sato, has a launched a $60 million venture capital fund that will support internet and mobile start-ups in India, Southeast Asia, Japan and the US.
Sequoia, Legend back Baidu's education spin-out
Sequoia Capital and Legend Capital have invested an undisclosed sum in a Series A round of funding for Zuoyebang, a K-12 learning and teaching mobile app that spun-out from Chinese online search giant Baidu.
China's HNA to buy PE-backed Avolon for $2.5b
Chinese aviation and shipping conglomerate HNA Group, has agreed to buy Avolon, a PE-backed aircraft leasing company, for approximately $2.5 billion.
MBK named preferred bidder for Tesco's Korea business - report
A consortium led by MBK Partners is said to have been named the preferred bidder for Tesco’s South Korea-based Homeplus business in a deal that could be worth around $6 billion.