Tag Archives: Midea

Top 20 Asia & Pacific Deals for December 2014

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,100,000,000 Xiaomi Consortium Hardware & Infrastructure Investment
2 $1,000,000,000 Flipkart Consortium Ecommerce Investment
3 $804,000,000 ChinaVision Media Group Alibaba Media Acquisition
4 $600,000,000 Flipkart Consortium Ecommerce Investment
5 $575,000,000 Financial Software and Systems Premji Invest Software & Services Investment
6 $523,500,000 Jobstreet Seek Transactions Acquisition
7 $475,000,000 Renesas SP Drivers Synaptics Hardware & Infrastructure Acquisition
8 $350,000,000 Koudai Tencent, Tiger Fund Ecommerce Investment
9 $328,500,000 ISSC Technologies Corporation Microchip Technology Hardware & Infrastructure Acquisition
10 $300,000,000 Coupang Consortium Ecommerce Investment
11 $250,000,000 GrabTaxi SoftBank Internet and Media Transactions Investment
12 $250,000,000 Lazada Consortium Ecommerce Investment
13 $250,000,000 Nimbuzz New Call Telecom Mobile & Apps Acquisition
14 $234,481,802 Campaign Monitor Insight Venture Partners Software & Services Investment
15 $210,000,000 Olacabs SoftBank Transactions Investment
16 $210,000,000 Flipkart Consortium Ecommerce Investment
17 $200,000,000 Midea Xiaomi Hardware & Infrastructure Acquisition
18 $200,000,000 Mogujie Consortium Media Investment
19 $200,000,000 LY.com Ctrip Transactions Investment
20 $195,000,000 China South City Holdings Tencent Transactions Investment

More information

  1. Xiaomi confirms it raised monster $1.1B round and is now valued at $45B (VentureBeat)
  2. India’s Flipkart Raises $1 Billion, Among The Largest In Single Funding Round In Global E-Commerce (Forbes)
  3. Alibaba Pays $804M To Take Majority Stake In TV And Movie Producer ChinaVision (TechCrunch)
  4. Flipkart secures another $600m, taking funding total to nearly $2.5bn (Red Herring)
  5. Financial Software and Systems Secures $57M in Fourth Funding (FinSMEs)
  6. Australia’s Seek to Buy Jobstreet in $524 Million Deal (Wall Street Journal)
  7. Synaptics announces acquisition of Japan’s Renesas SP Drivers (The China Post)
  8. Koudai secures giant $350 million Series C funding round (Red Herring)
  9. Microchip Technology about to acquire Taiwanese tech company for $328.5M (Phoenix Business Journal)
  10. Coupang Raises $300M in Financing (FinSMEs)
  11. GrabTaxi Receives US$250M Investment from SoftBank Internet and Media (FinSMEs)
  12. Lazada, Rocket Internet’s Amazon Clone In Southeast Asia, Raises $250M Led By Temasek (TechCrunch)
  13. Messaging App Nimbuzz Goes To UK’s New Call In $250M Deal (TechCrunch)
  14. Campaign Monitor partners with Insight Venture Partners (Campaign Monitor)
  15. Olacabs raises $210 million from Japan’s SoftBank Corp; enters $1b Club (Economic Times)
  16. Flipkart Raises $210M In New Funding From DST Global And Returning Investors (TechCrunch)
  17. Xiaomi Furthers Its Smart Home Ambition With $200M Investment In Appliance Maker Midea (TechCrunch)
  18. Social Shopping Platform Mogujie Raises $200 million Funding at a Valuation of $1 billion (TechNode)
  19. China’s Ctrip invests over $200 million in an online ticketing site (Tech In Asia)
  20. Tencent Invests $195M In Logistics Firm China South City To Compete With Alibaba (TechCrunch)

Xiaomi’s bold ambition

Apple and Samsung are facing intense competition from Beijing-based smartphone maker Xiaomi. That’s because Xiaomi smartphones have become worthy opponents of the iPhone and the Galaxy phones. With high-tech specs such as, a 2.3GHz Snapdragon 800 chipset, a 13MP camera, 2GB of RAM, 16GB of internal storage and a 5-inch 1080p resolution display, Xioami smartphones are increasingly becoming a favourite of consumers looking for solid hardware at an affordable price. According to a new report from Gartner, Xiaomi is now the fourth biggest seller of smartphones worldwide with sales of more than 18 million units in the third quarter of 2014. A recent regulatory filing also showed that Xiaomi made a profit of $56.1 million in 2013. It is also worth noting that Xiaomi recently hired Hugo Barra, former Vice President of Android Product Management at Google to be in charge of the company’s products and operations in all markets outside of Mainland China.

In addition to its smartphone business, Xiaomi has diversified its product line to include air purifiers, fitness bands, routers, blood pressure measurement kit, battery packs, a smart TV and others. Today it announced a $203.7 million investment in Midea, a Chinese company that manufactures smart appliances. The funding underscores Xioami’s ambitions to be a major player in the smart home space. You can read about the funding here.