The Dongfeng, Suning and Xiaomi-backed IoV technology developer secured cash in a round led by FAW Group and backed by investors including Changchun Fawsn and Shanghai Tunnel.

Hongtai Group, Phison Electronics, Taiwan Mobile, Wistron, Cathay Life, Fubon Life and TransGlobe Life all chipped into the accelerator and venture firm’s latest vehicle.

SoftBank Ventures Asia led ERP software provider Mabang's $46.3m series B round while Mainport Innovation Fund exited electrification technology developer ViriCiti.

The executive education provider's latest round was co-led by SoftBank Vision Fund 2, while Bertelsmann was among the sellers in a secondary investment portion.

Sino Biopharmaceutical was among the participants in a round valuing the drug development technology provider at over $2bn.

The corporate-backed operator of multilingual news portal Dailyhunt and short video app Josh secured its latest funding in a round that valued it at almost $3bn.

Dream Capital is equipped with $250m from daily fantasy sports provider Dream Sports and will invest in sports, fitness and gaming technology.

Nanox is paying up to $230m for corporate-backed medical technology developers Zebra Medical Vision and USARad, while electronics marketplace JustFit raised over $46m.

The online marketplace has added $20m from Taiwan Mobile to a round with a reported $200m target for its final close.

Country Garden Venture Capital led a $66.3m series B2 round for the bioplastic and pathogen detector developer that included Septwolves Venture Capital.