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Tencent to invest US$1B in China's Lianjia; WeWork receives funds from SoftBank

S&P Global Market Intelligence provides a roundup of recent investment deals and updates in the Asia-Pacific technology, media and communications sector.

TOP NEWS

* Beijing Homelink Real Estate Brokerage Co. Ltd., also known as Lianjia, is looking to receive about US$2 billion in capital from investors, including US$1 billion from Chinese internet giant Tencent Holdings Ltd. and US$500 million from U.S. private equity firm Warburg Pincus LLC, The Wall Street Journal reported. The Beijing-based real estate brokerage could see a valuation of about US$13 billion in the funding round.

* Japanese conglomerate SoftBank Group Corp. invested US$1 billion in WeWork Cos. in the form of a convertible bond. The funding will allow WeWork to raise its existing cash to US$4 billion, the Financial Times reported.

* Facebook Inc. will invest over US$1 billion to set up its first Asia data center in Singapore, Reuters reported. The 170,000-square-meter facility is expected to open in 2022.

* Amazon.com Inc. invested another 27 billion rupees in its India operations, taking the Seattle-based e-commerce giant's total investment in the country to over $1 billion since January, The Economic Times (India) reported Aug. 14.

STARTUP FUNDING

* In other SoftBank news, the group is looking to invest US$500 million to US$750 million in Zume Pizza Inc., a California-based startup that uses robots to create and deliver pizza, Bloomberg News reported Aug. 8.

* Chinese robotics startup Makeblock said Aug. 30 it closed a series C funding round worth 300 million yuan led by China International Capital Corp. Ltd.'s CICC Alpha. The startup will use the funds to accelerate research and development and marketing.

* Singapore-based ride-hailing company GrabTaxi Holdings Pte. Ltd. will invest US$250 million in Indonesian startups in both series A and B financing rounds over the next three years through its new initiative called Grab Ventures, Liputan6 reported Aug. 29.

* Private equity firm GSR Capital agreed to invest up to US$270 million in blockchain startup tZero, a subsidiary of online retailer Overstock.com Inc.

* Essel Group's Essel Green Mobility invested 3 billion Indian rupees in urban mobility startup ZipGo Technologies, The Economic Times (India) reported Aug. 9.

* Manbang Group is seeking to raise US$1 billion in a new financing round that could take the startup's valuation to US$10 billion, The Wall Street Journal reported. The Chinese truck-hailing platform is currently valued at more than US$6 billion, following a US$1.9 billion funding round in April that attracted investments from SoftBank Group Corp. and Alphabet Inc.'s late-stage venture investment fund, CapitalG.

CAPITAL INVESTMENTS

* Kakao Group's ride-hailing service Kakao Mobility invested ¥1.5 billion to acquire a 3.4% stake in in JapanTaxi, Yonhap News Agency reported Sept. 6.

* Baidu Video completed a US$100 million series B funding round led by its parent company Baidu Inc., 36Kr reported Sept. 5. Funding proceeds will be invested in original content and AI application.

* Australian software company NEXTDC Ltd. plans on investing A$2.25 billion to build data centers on three new sites in Sydney, Melbourne and Perth, The Australian Financial Review reported.

* Chinese production company Nice Film will invest 500 million yuan into a fund to finance projects with movie veterans and launched a brand, Rabbit Hole, focusing on minivideos, comics, internet films and pay TV series, Tencent News reported Aug. 30.

* Japanese software company Cookpad Inc. said Aug. 23 its unit CookpadTV raised ¥4 billion via a private equity placement with Mitsubishi Corp. The company will use the capital to expand its business in foreign markets.

* JOLED Inc. raised a total of ¥47 billion through private equity placement with DENSO Corp., Toyota Tsusho Corp., Sumitomo Chemical Co. Ltd and SCREEN Finetech Solutions Co., Ltd. The capital will be allocated to start mass production of OLED displays. JOLED is a manufacturing joint venture of Sony Corp., Japan Display Inc. and Panasonic Corp.

* Tencent Holdings will invest 30 billion yuan to build three data centers in Zhang Jia Kou, a city in northern China, Sina reported Aug. 22.

* SoftBank Group led a US$300 million series D funding round for U.S.-based car rental startup Getaround, Inc., TechCrunch reported Aug. 21. Getaround will use the proceeds to expand its product offerings and partnerships, as well as grow its operations in the U.S. and internationally.

* Maimai.cn, LinkedIn Corp.'s rival in China, raised US$200 million in its series D funding round, 36Kr reported Aug. 21. Investors in the latest round include DST Global, DCM Ventures, IDG Capital and Morningside Venture Capital, reported China Money Network.

* Singaporean data company AirTrunk Pte Ltd. said Aug. 20 it raised A$850 million to fund the expansion of its data centers in Australia and across Asia-Pacific markets. AirTrunk shareholders Goldman Sachs Group Inc. and TSSP participated in the funding round.

* Indonesian telco PT Gihon Telekomunikasi Indonesia Tbk utilized the proceeds from its 178.8 billion Indonesian rupiah IPO for tower expansion and repayment of bank loans, Kontan reported Aug. 19.

* Australian telco Singtel Optus Pty. Ltd announced Aug. 14 that it completed construction of 37 new mobile sites across the country's Tasmania state in a A$42.2 million investment to improve call quality and increase internet speeds. The telco will invest a further A$4.5 million to build 8 new sites by March 2019.

* Huawei Technologies Co. Ltd.'s Thailand unit will invest 700 million baht in two data center projects to provide cloud services, Prachachat reported Aug. 14.

* Reliance Jio Infocomm Ltd. will spend 10 billion rupees to build a greenfield data center in Kolkata, India, The Economic Times (India) reported Aug. 13.

OTHER FUNDING

* Tencent Holdings and Goldman Sachs Investment Partners LP led a US$450 million funding round for Chinese e-commerce platform MissFresh, China Money Network reported Sept. 6.

* Berkshire Hathaway Inc. invested in India's One97 Communications Ltd., the parent of digital payments company Paytm, Bloomberg News reported. Berkshire acquired 3% to 4% of One97 Communications in a transaction that values the company at more than $10 billion.

* Chinese enterprise solution provider Duiba Group completed a US$110 million series C funding round, which had private equity firms Orchid Asia Group Management, Ltd. and TPG Capital Management LP as investors, China Money Network reported Aug. 22.

* SoftBank Group's venture capital arm, SoftBank Vision Fund, will invest in China-based ZhongAn Online P & C Insurance Co. Ltd. subsidiary ZhongAn International under a shareholder agreement.

* Indian mobile games distributor Nazara Technologies Ltd. made a minority investment in Bengaluru-based virtual reality gaming company InstaSportz Consultancy Pvt Ltd in a move to enter the offline gaming market, BusinessLine reported Aug. 15. Nazara is all set to hit the capital markets in coming weeks with a 10 billion rupees IPO.

* STAR India Pvt. Ltd.'s Novi Digital Entertainment Private Ltd., parent company of Indian streaming platform Hotstar, received an investment worth 5.16 billion rupees from Star US, The Economic Times (India) reported Aug. 13.

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