Asian Venture Capital Journal (AVCJ)
Convergence Ventures and CyberAgent Ventures have led a $4.2 million pre-Series A round for Indonesian hotel reservation service provider Nida Rooms.
Shanghai Jahwa United, a Chinese chemical products maker wholly owned by Ping An Insurance Group, has agreed to buy Mayborn Group – the UK-based manufacturer of Tommee Tippee baby bottles – from 3i Group.
Gary Rieschel’s career in venture capital began in the US before the dotcom bubble burst. Now the co-founder of China-based Qiming Venture Partners advocates a cautious investment strategy
Chinese state-backed Tsinghua Unigroup has withdrawn its NT$56.8 billion ($1.7 billion) offer to acquire a stake in Silicon Precision Industries (SPIL), a Taiwanese semiconductor testing and packaging company.
Xiaoming Huang, a Chinese actor who co-founded celebrity fund StarVC, has launched a new venture capital firm called Ming Capital.