News
VC-backed China group-buying site Meituan raises $700m
Meituan.com, a Chinese group-buying site backed by Alibaba Group and several venture capital firms, has raised $700 million in a new funding round from undisclosed investors.
Vision Knight loses managing partner Pak-Seng Lai
Pak-Seng Lai, a Hong Kong-based managing partner at Vision Knight Capital, will leave the China-focused private equity firm by the end of this month.
Japanese entrepreneurs' big data start-up raises $15m
Treasure Data - a Silicon Valley-based big data start-up founded by two Japanese entrepreneurs - has raised a $15 million Series B round of funding led by Scale Venture Partners with participation from AME Cloud Ventures.
Navis exits Australia's Peoplebank to Recruit Holdings
Navis Capital Partners has sold Australia-based IT and specialist recruiting firm Peoplebank to Japan’s Recruit Holdings for A$68.6 million ($56.6 million).
KKR’s McVey expects China restructuring, recapitalization opportunities
KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.
China creates $6.5b VC fund to support start-ups
China has launched a government-guided venture capital fund worth RMB40 billion ($6.5 billion) to support start-ups in emerging industries.
Club Med board recommends Fosun consortium's renewed offer
The board of French vacation resort operator Club Méditerranée (Club Med) has recommended that shareholders accept the most recent takeover offer from a consortium led by China's Fosun International.
CIC's Olivia Ouyang joins OTPP
Ontario Teachers’ Pension Plan (OTPP) has hired Olivia Ouyang, formerly managing director and head of emerging markets at China Investment Corp. (CIC), as a Hong Kong-based director of funds and co-investments.
SoftBank leads $600m round for China taxi-booking app Kuaidi Dache
SoftBank Group has agreed to lead a $600 million round of investment for Travice, operator and developer of Chinese taxi-booking app Kuadi Dache, with participation from existing backers Alibaba Group and Tiger Global Management.
Co-investment deals could be the next PE bubble LPs fear
Co-investment could represent the next bubble for global private equity says Erik Hirsch, global CIO for global fund-of-funds Hamilton Lane.
Alibaba buys majority stake in VC-backed AdChina
Alibaba Group has purchased a controlling stake in AdChina, a digital advertising technology firm that previously received funding from several VC investors.
Multiples makes partial exit from Cholamandalam Finance
Multiples Alternative Asset Management has made a INR1.9 billion partial exit from Indian non-banking financial company Cholamandalam Investment and Finance Company (CIF).
CDC commits $48m to India healthcare provider
UK development finance institution (DFI) CDC Group has invested $48 million in Indian multi-specialty healthcare provider Narayana Hrudayalaya Hospitals (NH) in return for a small minority stake.
Tiger Global invests in China P2P online lending site Dianrong
Tiger Global Management has invested an undisclosed sum in Dianrong.com, a Chinese VC-backed peer-to-peer (P2P) online lending service platform.
TA buys stake in India SaaS provider RateGain
TA Associates has taken a minority stake in RateGain, an India-based software-as-a-service (SaaS) provider that works with clients in the hospitality and travel sector.
Mobile app analytics firm App Annie raises $55m from VCs
App Annie, a mobile app analytics platform that was set up in Beijing but has since expanded globally, has raised a Series D round of funding worth $55 million, led by Institutional Venture Partners (IVP).
Yunfeng joins $1.6b deal for China drug maker Baiyunshan
Yunfeng Capital and other investors have agreed to invest up to RMB10 billion ($1.6 billion) in Chinese drug maker Guangzhou Baiyushan Pharmaceutical Holdings.
India's ChrysCapital makes $108m partial exit from ING Vysa
Indian GP ChrysCapital Partners has made a partial exit from ING Vysya Bank via an open market transaction, selling just over 80% of it holding for around INR6.7 billion ($108 million).
L Capital Asia targets India e-commerce
L Capital Asia, a PE firm sponsored by French luxury goods conglomerate LVMH Group, could invest up to $150 million in India this year as it targets opportunities in the country's fast growing e-commerce sector.
VC-backed 51Talk acquires education counterpart 91Waijiao
51Talk.com, a Chinese online English-learning platform backed by several VC investors, has acquired industry peer 91Waijiao.com for an undisclosed sum.
Cheetah Mobile plans fund to support Taiwan start-ups
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, plans to set up a NT$100 million ($3.1 million) fund to invest in Taiwan-based mobile internet start-ups.
Samurai Incubate launches Japan, Israel-focused fund
Japanese incubator and early-stage investor Samurai Incubate has launched a JPY1 billion ($8.3 million) fund with a new focus on Israeli start-ups.
Japanese 3D printing start-up raises $3.6m
A consortium of venture capital investors has committed JPY400 million ($3.6 million) to JMC, a Japanese casting and 3D printing services firm.
Carlyle promotes Hiroyuki Otsuka to partner in Japan
The Carlyle Group has promoted Hiroyuki Otsuka, a member of its Japan buyout team, to partner as part of global round of 59 appointments, including five in Asia.