VCNN

Beijing-based online brokerage company, Tiger Brokers Co has raised up to 200 million yuan (about US$29 million) in a Series B funding round participated by Citic Goldstone Management Co Ltd, and Huagai Capital.

Fosun Group, China's global investment firm has led the Series B investment round in Qinbaobao, a baby picture mobiles app that allows users to upload and share baby pictures and videos.

Chinese mall business, Dasin Retail Trust is looking to raise at least 586.4 million yuan (about US$84.5 million) in its initial public offering on the Singapore Exchange (SGX) mainboard.

Shouqi Car Rental raises US$309 million in a fundraising round led by Taiping Assets Management. Tianan Property Insurance and CCB International has also participated in the investment.

Indonesian retail firm MDS has increased its ownership in Global Ecommerce Indonesia (GEI), the parent company of local e-commerce startup, MatahariMall.com for a price tag of RP 164.9 billion (about US$12.2 million).

Singapore-listed SATS has entered into a conditional share sale agreement with Malaysia Airlines to acquire a 10 percent stake in Evergreen Sky Catering Corporation (ESCC) for RM100 million (about US$22.3 million).

Taiwan-based Next Entertainment, a live broadcasting platform, has closed its US$25 million in Series A financing which is led by Inke with participation from FunPlus, GSR Ventures and Mayfield. The funds will be used for global expansion.

GIC, Tencent, and NavInfo will be part of a consortium to acquire a 10 per cent stake in HERE as the company unveils its plans to bring its products and services to China.