News
US-based Metaway Capital backs China online finance site
Metaway Capital has led a RMB100 million ($16 million) Series A round for Chinese online banking site Bankwel.
VC-backed Mogujie leads $30m round for China C2C retail player
Mogujie – a Chinese online shopping platform and social network that has received several rounds of VC funding – has led a $30 million investment in Taoshiji, a cross-border consumer-to-consumer (C2C) mobile retail app.
Tiantu leads $60m round for China electronics recycling site
Consumer-focused GP Tiantu Capital has led a $60 million Series C round of funding for Aihuishou, which claims to be the largest online electronics recycling platform in China.
Juren leads $9m Series A round for ChinaNetCloud
Juren Capital has led a $9 million Series A round for Chinese cloud server solutions start-up ChinaNetCloud.
Japan's Lemonade Lab raises $5.8m
Japanese sport analytics platform Lemonade Lab has raised $5.8 million from FIH Mobile, a subsidiary of Taiwan-based electronics giant Foxconn International, and several angel investors.
Tencent leads $60m round for Hong Kong online brokerage
Tencent Holdings has led a Series B round of funding worth $60 million for Hong Kong-based online brokerage Futu5.com, with participation from Matrix Partners and Sequoia Capital.
Adenium Energy, Hudson Clean Energy form $300m Japan solar JV
Dubai-based Adenium Energy Capital and US PE firm Hudson Clean Energy Partners have set up a joint venture that will invest $300 million in Japanese solar power projects.
China mobile health solutions provider raises $36m
Shanghai KingYee, a Chinese mobile healthcare services provider, has completed a RMB221 million ($36 million) Series C round of funding led by Sensegain Investment. SoftBank China Venture Capital (SBCVC) and HighLight Capital also participated.
Baidu leads $100m round for China's laundry app Edaixi
Baidu has led a $100 million Series B round of funding for Edaixi, an mobile-based on-demand laundry service.
Rebright backs Indian logistics firm LetsTransport
Indian last-mile logistics marketplace LetsTransport has raised $1.3 million from Rebright Partners, along with several angel investors.
Sequoia, Accel commit $8m to India's WizRocket
Sequoia Capital India and Accel Partners have invested $8 million to Indian analytics and mobile engagement platform WizRocket.
SoftBank leads $100m round for India's Oyo Rooms
SoftBank has led a $100 million Series B round of funding for Oravel Stays, the start-up behind Indian budget hotel booking marketplace OyoRooms.
WestBridge increases holding in Indian tire maker
India's WestBridge Capital Partners has increased its stake in CEAT, a publically-listed tire manufacturer headquartered in Mumbai.
Tencent backs take-private for China travel site eLong
Tencent Holdings has offered to buy Chinese online hotel booking site eLong - which it holds a 15% stake - and privatize the NASDAQ-listed company.
China second-hand car trading platform Renrenche raises $85m
Tencent Holdings has led a $85 million Series C round of funding for Renrenche.com, a Chinese peer-to-peer second-hand car trading platform.
Australia's QIC in $735m first close on global infrastructure fund
QIC, an investment manager controlled by the Queensland government, has reached a first close of more than A$1 billion ($735 million) on its global infrastructure fund. The overall target is A$1.75 billion.
Hopu, YuanMing lead $200m investment in US cancer specialist - update
China-based Hopu Investments and YuanMing Capital have led a $200 million investment in US-based cancer treatment specialist Mevion Medical Systems.
SCPE, IFC, ADB back India affordable housing JV
Standard Chartered Private Equity (SCPE), the International Finance Corporation (IFC) and the Asian Development Bank (ADB) have formed an affordable housing joint venture with Indian real estate giant Shapoorji Pallonji.
Riverside invests in Australia's IPAR Rehabilitation
The Riverside Company has acquired in IPAR Rehabilitation, an Australia-based provider of injury prevention and management and rehabilitation services that minimize the impact of workplace injury and illness.
KKR to invest $150m in Indian polyester manufacturer
KKR has agreed to invest $150 million in JBF Industries, an India-based polyester products manufacturer, with a portion of the capital going to the company’s international subsidiaries.
All-Stars Investment leads $300m round for China's Tujia
All-Stars Investment has led a $300 million new funding round for Tujia.com, valuing the Chinese vacation-rental website at more than $1 billion.
India's TripFactory raises Series A round from Aarin Capital
Aarin Capital has committed a Series A round to Indian online travel agent TripFactory.
Navis exits ECO Industrial to China's Beijing Capital
Navis Capital Partners sold ECO Industrial Environmental Engineering, a Singapore-based hazardous waste management firm, to Beijing Capital Group (BCG) for S$246 million ($179 million)
VC-backed mobile ad platform OptAim acquired by iClick
Online digital marketing platform iClick has acquired mobile advertising solutions provider OptAim, which is backed by Bertelsmann Asia Investments (BAI).