Home rental finance service Jetty bagged $23m from investors including Citi, Farmers Insurance and CreditEase, while ByteDance co-led IoT technology developer RiVai's latest round.

The corporate-backed synthetic silk producer increased its valuation to over $1.2bn in a round led by Carlyle Japan Partners.

PayPal was one of several corporates to invest in Paidy before agreeing this week to purchase the consumer finance service provider.

Tencent, BCC and Naspers-backed study materials provider Byju's reportedly hiked its valuation to $16.9bn in the round, which was led by Asmaan Ventures.

Country Garden and Poly Group-backed Real Estate Industry Chain Empowerment Fund led a series B round for the vacuum cleaner producer that included Xiaomi.

Urmin Group helped the tea provider raise $23.5m in a round that increased its overall funding to more than $39m.

Channel Talk, Segari and Borneo are all among the companies that have raised corporate venture capital, while Tepco celebrated an exit with the acquisition of Me:New.

TikTok owner ByteDance and Fosun Health backed the mental health service provider’s $31m series C round.

Kakao Investment has led a series C round for the Samsung Ventures-backed automated accommodation provider.

The Tsinghua-backed data storage company has secured backing from corporates Legend Holdings and Hundsun to further develop its technology.