News
Ekuinas sells Burger King franchises in Malaysia, Singapore
Ekuinas, the Malaysian government-backed private equity investor, has sold the Burger King franchises in Malaysia and Singapore, generating proceeds of MYR74.6 million ($17.7 million).
China's Qihoo to acquire HK-listed Vision Values
Chinese internet security software provider Qihoo360 Technology, which recently received a take-private offer from its management and VC investors, intends to acquire a majority stake in Hong Kong-listed Vision Values. It is suggested Qihoo might seek...
India's One97 to split e-commerce, payments businesses - report
Indian mobile services One97 Communications will spin off its electronic payment service Paytm into a separate entity under One97's co-founder Shekhar Sharma.
VCs exit China online furniture retailer Meilele to strategic buyer
Several VC investors – including Lightspeed China Partners, Vertex Ventures and China Renaissance K2 Ventures – will exit Meilele as Shanghai-listed Guangdong Yihua Timber Industry agreed to buy an 18.21% stake in the online furniture retailer.
Taiwan plans $609m M&A fund
Taiwan's National Development Council (NDC) will launch a NT$20 billion ($609 million) fund to assist domestic companies with mergers and acquisitions.
China online campus convenience store secures $31m
Shenzhen Capital Group has led a RMB200 million ($31 million) pre-Series B round of funding for 59store.com, a Chinese online convenience store focused on serving students.
Chinese second-hand car platform Youche raises $18m
Youche.com, a Chinese online trading platform for second-hand cars, has raised an $18.2 million Series B round led by Galaxy Capital, followed by IDG Capital Partners, ZhenFund and China Growth Capital.
Standard Chartered, CFF lead $207m round for China's Dianrong
A consortium co-led by Standard Chartered Bank and China Fintech Fund (CFF) has invested $207 million in a Series C round of funding for Dianrong.com, a Chinese VC-backed peer-to-peer (P2P) online lending service platform.
NEA, Orios commit $4m to India's IntelligenceNODE
IntelligenceNODE, a retail-oriented big data analytics start-up based in India, has raised a $4 million Series A round led by New Enterprise Associates (NEA) and Orios Venture Partners.
IFC to back Jungle Venture's second fund
International Finance Corporation (IFC) will invest up to $10 million in Singapore-based Jungle Ventures' second venture capital fund.
Didi Kuaidi, CIC join $350m round for Southeast Asia's GrabTaxi
Didi Kuaidi, China’s largest mobile ride-hailing app operator, and China Investment Corporation (CIC) have participated in a $350 million funding round for Southeast Asia-focused mobile taxi-booking app GrabTaxi.
Softbank's Nikesh Arora commits $482 million to the firm
Softbank President and COO Nikesh Arora has invested JPY60 billion ($482 million) in the firm in a personal stock market transaction.
Yunfeng leads Series C round for China's logistic app Yunmanman
Yunfeng Capital has led a Series C round of funding for Yunmanman, a Shanghai-based mobile logistic distribution platform. Existing investors Sequoia Capital and Lightspeed China Partners also participated.
Tata Opportunities Fund invests in Uber
Tata Capital will make a significant investment in ride-hailing service Uber through its Tata Opportunities Fund (TOF).
TPG's Ben Gray to start his own PE firm
Ben Gray, managing partner at TPG Capital, is preparing to set up his own private equity firm focused on investment opportunities in Australia.
Singapore online grocer RedMart raises $26.7m
Singapore-based online grocery marketplace RedMart has raised $26.7 million in a bridge round from existing investors Garena Online, Softbank Ventures Korea and US-based Visionnaire Ventures.
Kerogen to invest $100m in North Sea gas developer
Kerogen Capital, a Hong Kong-headquartered energy investor, has committed up to $100 million to Zennor Petroleum, an exploration and production (E&P) company that focuses on the UK’s North Sea area.
Softbank, Foxconn, Alibaba lead $500m round for Snapdeal
SoftBank Group, Foxconn Technology Group and Alibaba Group have led a $500 million investment in Indian online marketplace Snapdeal.
IDG, JD in $174m round for Shanghai Pharma's e-commerce unit
Chinese online retailer JD.com and IDG Capital Partners have participated in a RMB1.11 billion ($174 million) Series A round of funding for Shanghai Pharmaceuticals’ online drug distribution platform.
India's IIFL to raise $153 million VC fund
IIFL Wealth Management, the Indian financial services firm backed by Fairfax Holdings and the Carlyle Group, will raise a seed venture fund of up to INR10 billion ($153 million).
Tiger invests $15m in Indian fashion site Roposo
Tiger Global has invested $15 million in Indian fashion-oriented social network Roposo.
PE-backed La Chapelle, Legend Capital launch PE fund
Hong Kong-listed Shanghai La Chapelle Fashion, a ladies' apparel maker backed by a string of PE investors, has partnered with Legend Capital to set up a PE fund worth RMB153 million ($24 million).
Sequoia, CBC back Airbnb to expand in China
Airbnb, an online vacation home rental marketplace based in San Francisco, has forged a partnership with China Broadband Capital (CBC) and Sequoia China to expand into the Chinese market.
Chinese event venues search portal raises $20m
HotelGG.com, a Chinese online booking platform for event venues, has raised $20 million in a Series B round of funding from existing investors including Matrix China Partners, Chengwei Ventures and SIG China.