The number of venture deals in China rose 56% in the first quarter from a year earlier, the fourth consecutive quarter of rising activity, as startups pulled in RMB354bn ($55bn) in investment, according to data provider ITjuzi reported by the Financial Times.

Baidu contributed to a round pushing the medication supply platform developer's overall funding near to the $500m mark.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Tencent and Sunshine Life-backed recruitment app developer floated at the top of its range and has seen its share price more than double since.

The Alibaba Health-backed medical data technology and services provider has chosen the US for its planned initial public offering.

SoftBank Vision Fund 2 and MSIG are among the investors that have backed the used car marketplace’s latest round, valuing it at more than $1bn post-money.

The Google-backed on-demand ride service spun off by Kakao has received fresh funding from returning investors Carlyle and TPG.

Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

The joint venture between Grab and BRI’s respective accelerators will concentrate on Indonesia-based developers of technology for merchants and small businesses.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.