Ping An Insurance has led IDG and Bertelsmann-backed luxury goods retailer Secoo’s series E round, taking its total equity funding to more than $200m.
Month: July 2015
Saavn makes noise with $100m
Bertelsmann and Liberty Media were among the investors in a round that will support the India-based music streaming service’s expansion into video.
Zound finds Time for Growth
Growth equity firm Time for Growth has paid $11m for for a 10% stake in TeliaSonera-backed consumer electronics manufacturer Zound Industries.
Chernin plugs into $17m Doppler series B
Chernin Group has joined a series B round revealed last month to include Live Nation Entertainment, WME and Universal Music Group.
Dai leaves CyberAgent for new ventures
Joey Dai has left his position as general manager of CyberAgent Ventures China, a corporate venturing subsidiary of Japan-based internet company CyberAgent, to set up a new fund, The Bridge reported yesterday. Dai, who had worked at the unit since 2007, is now looking to raise approximately $30m for his new venture capital firm, Gravity… Continue reading Dai leaves CyberAgent for new ventures
Alibaba splashes $300m to boost e-commerce holdings
The firm has invested $206m in SingPost and its e-commerce logistics subsidiary, and a further $100m in flash sales site Mei.com.
Whipclip compiles $40m series C
The video content platform raised the cash seven months after a $20m WME-backed round that valued it at $100m, and will spend it on product development and expanding content.
Wuzhou sweetens Oramed stake with $52m
Israel-based pharmaceutical company Oramed Pharmaceuticals has secured a $52m investment from pharmaceutical company Guangxi Wuzhou Zhongheng Group in return for a 10% stake, Reuters has reported. The stake purchase gives Wuzhou exclusive distribution rights for Oramed’s insulin treatment in China, pending regulatory approval, according to Fierce Drug Delivery. Oramed has developed a platform dubbed Protein… Continue reading Wuzhou sweetens Oramed stake with $52m
IdInvest launches $1.1bn Sino-European investment initiative
The corporate-backed private equity fund is in talks with China-based firms over financing the Chance platform, which would link them with European portfolio companies.
Didi Kuaidi picks up monster $2bn fare
Ping An, Tencent and Alibaba all contributed to the round, raised at a $15bn valuation, which will help the China-based ride sharing service fend off Uber.
Anhui Xinhua Media commits $80m to VC unit
The media distributor has invested an initial $32m, and will provide the rest at a later date in a bid to increase its stake in the fund to 100%.
McRock powers up with EDF investment
EDF joined Cisco and a host of Canadian venture capital investors in backing McRock Capital, which is targeting $65m for its industrial internet of things fund.
Creative Functionapps adds Spice
India-based telecommunications technology producer Creative Functionapps Lab has secured an undisclosed investment from content aggregation services provider Spice Digital in return for a 26% stake, the Business Standard has reported. Creative Functionapps Lab has become an associated company of Spice Digital in conjunction with the investment. Spice Digital is a subsidiary of telecoms firm Spice… Continue reading Creative Functionapps adds Spice
Sole Society walks away with $8m
Women’s shoes, bags and accessories producer Sole Society has raised the series B funding from investors including retail chain Nordstrom.