China’s economy has returned to growth in post-COVID-19 recovery, and the government is looking to harness renewed investor sentiment with regulatory updates designed to further open financial markets to international capital. Mainland Chinese regulators have approved updates to the Qualified Foreign Investor (QFI) program, streamlining the application process and… Read More
Finch Capital led an undisclosed investment in Pintek, a fintech providing credit to students and education institutions in Indonesia, with participation from Accion Venture Lab and unnamed angel investors. Read more… Read More
Axiom Asia Private Capital has reached a USD1.8b final close for Axiom Asia VI, its sixth Asia-focused fund-of-funds. Read more… Read More
KV Asia Capital has fully exited Malaysia-based grocery retailer TF Value Mart via a sale to Intermediate Capital Group (ICG) for an undisclosed amount. Read more… Read More
The Asian Infrastructure Investment Bank (AIIB) has committed USD100m to ADM Capital to seed ADM Capital Elkhorn Emerging Asia Renewable Energy Fund, a new USD-denominated private debt fund focused on renewable energy investments in Asia. Read more… Read More
DST Global led a USD80m Series C for CRED, an India-based fintech helping credit card users manage their finances, with follow-on from Sequoia Capital and Ribbit Capital. Read more… Read More
Alibaba and Jeneration Capital led a USD196m Series C3 for Nice Tuan, a Chinese community-based e-commerce platform for fresh produce and household products, with participation from Kunlun Capital, China Capital Investment Group, CDH Investments, GGV Capital, Joy Capital, Qiming Venture Partners, Ince Capital, and Cygnus Equity. Read… Read More
GL Ventures, the VC arm of Hillhouse Capital, led a USD265m Series C for Empower Education Online, a China-based SaaS active in the education sector, with participation from Tencent, SIG, Ince Capital, and Gaocheng Capital. Read more… Read More
Matrix Partners China and Efung Capital led a CNY890m (approximately USD135m) Series E for Beijing Biostar Technologies, a China-based developer of anti-tumor, small-molecule chemical drugs, with participation from CCB International Capital, Sinopharma-CICC Capital, Tianjin Venture Capital Management, and Chengdu Tianfu International Bio-Town Investment & Development. Read more… Read More
Apis Partners led a USD35m Series B for India-based digital payment services provider Cashfree, with participation from Smilegate Investment and Y Combinator. Read more… Read More
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