Lilly Asia Ventures was among the participants in a series C round closed by the Ant Group and China Re-backed healthcare payment platform operator.

The telecoms and internet conglomerate revealed the gain after expanding its second Vision Fund to $40bn last month.

CRRC Times and Xiamen Xiangyu were among the LPs for the venture firm’s latest dollar vehicle that will invest in healtech companies concentrating on biotech, IVDs and medical supplies.

Alameda Research, Blockchain.com and Coinbase helped cryptocurrency exchange Pintu close a $35m round while small molecule drug developer Aardvark raised $29m.

JD Logistics and Meituan co-led a round that will help Inceptio improve its autonomous driving system for heavy-duty trucks.

Boyu Capital will manage the Shiseido Beauty Innovations Fund on behalf of the eponymous Japan-based cosmetics producer.

JD Health has backed a $93m series D round for Rimag, while a couple of India-based startups delivered exits.

The Ant Group, Aucfan, Emtek, Gree, Microsoft and Naver-backed digital marketplace owner’s shares on IDX jumped 25% on the first day of trading.

The fund has achieved a first close towards its $40m target, having been formed by MDI Ventures and Finch Capital in November last year.

The money was split across series A and A-plus rounds and came from investors including Chint and Sinopec.