Beijing Shishang Renjia Networks Technology Co. Ltd., known more commonly as Daojia.com.cn or Daojia, has completed a series C round of funding. JD.com (Jingdong), a B2C e-commerce company in China, and China early stage venture capital firm, Morningside Ventures- also an existing shareholder of Daojia- co-led the investment. The amount of money raised was not… Continue reading Jingdong takes a bite out of Daojia in series C round
Author: Katherine Steiner-Dicks
L Capital Asia fund hits $950m in six months
LVMH corporate venturing unit, L Capital Asia, has exceeded its original target for its second private equity fund, announcing it has reached its hard cap of US$950m. Launched in March 2013, targeting commitments of US$800m, the fund raising exercise has been completed within six months.
Alibaba nabs investor stakes in UCWeb
China-based online trade site, Alibaba, has increased its stake in China-based mobile browser company UCWeb and in the process replaced two investors.
Viki takeover translates into another Rakuten mega deal
Japan-based Rakuten, an electronic commerce, internet services and digital media content company, is on an ambitious path to one day go neck and neck with Amazon and Lovefilm subsidiary, Netflix. Its recent acquisition of Singapore-based Viki.com, a crowd-sourcing multi-lingual video streaming company, is likely to give it the global edge it needs to build scale. The Japanese company is reportedly set to pay close to $200m for Viki, according to media sources.
IP Bank leads $3.5m PV Nano Cell deal
Infinity IP Bank of China has led a $3.5m series A round in Israel-based PV Nano Cell, alongside co-lead investor Karat, the Israel Electric Corporation’s corporate venturing unit, and including the participation of Belgium-based Slobel and early-stage, Israel-based venture firm Terra VP venture capital fund, . The target company develops and manufactures nano metric materials that enable non-contact printing… Continue reading IP Bank leads $3.5m PV Nano Cell deal
Nipro invests $25m and gains Infraredx board seat
Japan medical device company, Nipro Corporation, has made a $25m equity investment in Infraredx, a US-based privately funded medical device company that has developed and commercialised the only multimodality imaging system to combine both intravascular ultrasound (IVUS) and near infrared spectroscopy (NIRS). Its device enables cardiologists to predict peri-procedural heart attacks by assessing not only… Continue reading Nipro invests $25m and gains Infraredx board seat
The Big Deal: 21st Century Fox turns to Vice
21st Century Fox, formerly a unit of Rupert Murdoch-owned News Corp, just made a big splash in corporate venturing. It has reportedly acquired a 5% stake worth $70m in US-based Vice Media, a web-based news site that sends journalists into precarious situations and now apparently valued at $1.4bn. The deal marks the first investment by… Continue reading The Big Deal: 21st Century Fox turns to Vice
Tata Elxsi incubator closes first deal
Tata Elxsi, an India-based design services firm that is part of the Tata group, has recently set up a business incubator to generate new avenues of growth, has made its first investment, the company has reported.
Intel Capital keen on data with $8m NxtGen deal
Intel Capital, the global investment organisation of Intel, has invested $8m in India-based IT infrastructure services provider NxtGen Datacenter & Cloud Technologies. Intel Capital and other news sources did not make public if the company had raised previous rounds of investment. NxtGen Datacenter & Cloud Technologies sells central IT platforms, providing full spectrum datacenter and… Continue reading Intel Capital keen on data with $8m NxtGen deal
Itochu makes $5m strategic move for Fab
Japanese trading conglomerate Itochu Corporation has become the latest investor in international fashion and lifestyle e-commerce company Fab. The deal follows a prior investment by Itochu Technology Ventures, the corporate venturing unit of Itochu, in the initial $150M Series D kick-off round announced on June 19th.
KDDI invests in Monoco in a flash
KDDI Open Innovation Fund, the corporate venturing unit of Japan telecommunications group KDDI and venture capital firm Global Brain, has invested an undisclosed amount of funding in Japan-based flash sales e-commerce site Monoco.
KDDI, Globis hacks a deal with Nanapi
KDDI, the corporate venturing unit of Japan telecommunications group KDDI, has set its sights on Nanapi, a consumer information sharing site that boasts 60 million monthly page views. The latest round was worth $2.7m and brings the start-ups funding to date to $6.1m.
Samsung lights up to Novaled
Asia electronics group Samsung is looking to gain greater control of the organic light-emitting diode, or OLED, technology as consumers favour thinner screens in smartphones and TV sets. It is hoping to get a piece of that market through a pending acquisition through its affiliate Cheil Industries, also known as Samsung Chemical, of German organic light-emitting diode (OLED) technology developer Novaled.
Microsoft India creates single entry for start-ups
Microsoft Ventures in India will bring its seed fund, start-up accelerator and BizSpark into a single programme.