Chinese EV maker Lixiang raises $530m Series C funding led by Meituan founder

The total financing Lixiang has received now nears $1.58 billion.

Analysis

Lazada records strong order uptick in June quarter

Lazada achieved over 100% YoY order growth driven by user loyalty and purchase frequency.

Deals

ByteDance backs Chinese Wikipedia-like platform Baike in search push

Baike, which means encyclopedia in Chinese, is the country’s second largest such reference platform.

Private Equity

Japanese PE Longreach Group exits Nippon Outsourcing

Private Equity

Australia’s Pacific Equity acquires US-based Horizon Global’s APAC unit for $230m

Private Equity

Rest of Asia

WPP agrees to sell Kantar’s ANZ businesses to Bain Capital

The deal is part of UK-based media conglomerate WPP's decision to sell 60 per cent of Kantar's global business to Bain Capital.

Rest of Asia

Australia’s Pacific Equity acquires US-based Horizon Global’s APAC unit for $230m

PEP will back the management of APAC business by investing in product development and acquisition of additional brands.

India

India Digest: CCD to restart talks with Coca-Cola; KKR, Everstone eye emids Tech

The late CCD founder, VG Siddhartha, had been in talks with the beverage giant as of last week of June.

Venture Capital

China/HK

Chinese EV maker Lixiang raises $530m Series C funding led by Meituan founder

The total financing Lixiang has received now nears $1.58 billion.

India

India Dealbook: Vir Sanghvi backs Mishry; Venture Catalysts invests in Instoried

Mishry recommends best buying options for a range of categories like groceries, snacks, dairy products and kitchen appliances.

India

AVIOM Housing nabs $8.5m from Japan’s Gojo, Capital 4 Development fund

Aviom will use the funding proceeds to expand its reach into tier-II and tier-III cities.

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Q & A

Singapore

DSG Consumer Partners nears final close of third fund at $65m hardcap

India

Food-tech in India is in early stages and has a long way to go, says Naspers Ventures’ Ashutosh Sharma

Indonesia

Indonesian VC firm Ideosource plans foray into venture debt funding

Indonesia

Coca Cola Amatil’s venture capital arm to close first Indonesia deal this year

Deals

World

Juul raises $325m in equity, debt financing for global expansion

The company launched its products in S Korea, Philippines and Indonesia when San Francisco, where Juul is headquartered, approved an ordinance to ban

China/HK

ByteDance backs Chinese Wikipedia-like platform Baike in search push

Baike, which means encyclopedia in Chinese, is the country’s second largest such reference platform.

Singapore

[Updated] SG Digest: Carousell results; StaffAny raises $722k; Ardmore Medical withdraws IPO plans

Singapore-headquartered online classifieds marketplace Carousell has seen its revenues jump a whopping 307.09 per cent year-on-year (YoY) to $7.03 mil

IPOs and Markets

China/HK

Chinese e-commerce firms block sales of protest gear to Hong Kong

Queries on Alibaba Group’s Taobao for umbrellas and helmets would return the searches as “item not found” for buyers in Hong Kong.

Rest of Asia

Japan’s Slack competitor Chatwork gets nod for IPO on TSE

Chatwork received $2.5 million in Series A from GMO Venture Partners in April 2015. It raised another $12.5 million in Series B from JAFCO Japan, SMBC