Hillhouse Capital has agreed to invest USD310m in Shanghai-listed drug maker Joincare Pharmaceutical Group Industry through a private placement for an 8% stake. Read more… Read More
Walmart led a USD1.2b investment in India-based e-commerce company Flipkart, with participation from existing shareholders. Walmart first invested in Flipkart in 2018, when it acquired a 77% stake for USD16b. Read more… Read More
Google has announced the launch of a INR750b (approximately USD10b) fund to make equity, operational, infrastructure, and ecosystem investments that accelerate the pace of digitization in India. Read more… Read More
Qualcomm Ventures has agreed to invest INR7.3b (approximately USD97m) in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 0.15% stake. Read more… Read More
International Finance Corporation has approved a USD60m commitment to Mekong Capital’s Mekong Enterprise Fund IV. Of the USD60m, USD30m has been allocated to co-investment opportunities. The vehicle, which targets USD250m, will invest in consumer-related sectors in Vietnam. Read more… Read More
Hudson Bay Capital led a USD102.8m Series C for US- and China-based biotech Harbour BioMed, with participation from Orbimed Asia, Country Garden VC, GTJA Investment Group, Octagon Capital, and Sage Partners, and follow-on from existing investor Greater Bay Area Investment Fund. Read more… Read More
CICC Capital led a CNY900m (approximately USD129m) Series D for China-based energy services platform Newlink Group, with participation from Xiaomi Corporation and existing investors Joy Capital, Nio Capital, and Korea Investment Partners. Read more… Read More
Yingke Private Equity has reached a USD286m final close for its latest CNY-denominated fund. The vehicle will invest in biomedicine, consumer, military and aerospace sectors in China. Read more… Read More
SkyLake Investment has agreed to acquire Doosan Solus, the EV battery materials maker unit of South Korea-based conglomerate Doosan Group. The company is looking to sell its entire 61% stake for KRW700b (approximately USD585m). Read more… Read More
SoftBank-backed DCM Ventures has reached a USD780m final close for China-focused DCM IX and has secured a further USD100m for DCM A-Fund III. Read more… Read More
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