Fidelity has contributed to a $140m funding round for Alkami, which has built a cloud-based digital banking platform and has now raised $365m overall.

Tencent has led a round worth hundreds of millions of dollars for New Ruipeng, which is now valued at $4.4bn and also backed by Boehringer Ingelheim and Country Garden.

SoftBank Vision Fund 2, PICC Group and Morningside Venture Capital co-led the round, which also attracted Tencent, China Life Insurance, SIG China and others.

Delivery Hero and SoftBank-backed Rappi has picked up more than $300m from a group of investors including T. Rowe Price Associates.

Tencent joined GL Ventures and YF Capital to co-lead a $176m funding round for Taimei Technology, while SoftBank China Venture Capital also invested.

Lilly Asia Ventures has returned for a $147m series D round that will allow InventisBio to advance its treatments for breast cancer and gout into phase 2 clinical trials.

Schneider Electric co-led EV charging services provider Star Charge's series A round with China International Capital Corporation's CICC Capital.

Dell Technologies Capital has returned for a $240m series B round, having already backed a $53m series A for the silicon chip designer last November.

Children’s debit card provider Greenlight is valued at $1.2bn after raising $215m in funding from a host of investors, though none of its corporate backers participated this time.

CapitalG has led a $250m series D round for Next Insurance, while Munich Re also returned for the deal that increased the workplace insurance provider’s total funding to $631m.