Chinese early-stage VC Qingsong Fund closes its fourth RMB fund at $152m
Qingsong will continue to focus on early- and growth-stage investments.
Indian healthtech startup HealthPlix raises $13.5m led by Lightspeed
Existing investors JSW Ventures, Kalaari, and Chiratae also invested in the round.
Alibaba, DST lead $750m investment in Chinese grocery app Nice Tuan
D.E. Shaw & Co., Anatole Investment, and Jeneration Capital also invested.
S Korea’s SK Group mulls investment in Vietnam’s Pharmacity
SK Group’s portfolio companies in Vietnam include Vingroup and Masan Group.
As big tech enters the race, PE-VCs look for next big thing in China’s growing EV market
Smartphone maker Xiaomi is the latest to enter EV making, pledging to pour $10 billion over 10 years.
Warburg-backed New Ease partners QuadReal to launch $1b logistics fund
The fund will deploy capital in China’s logistics sector especially in top-tier cities.
Asia Partners names DFC, DEG as LPs in $384m debut PE fund
DFC and DEG committed a total of $47 million in the fund.
India: Annapurna Finance raises $30m from Nuveen Global Impact Strategy
As part of the transaction, Nuveen has acquired a significant minority stake in Annapurna.