Vision Fund is the largest shareholder of freight services provider Full Truck Alliance, which is reportedly seeking a $20bn valuation when it floats.

IP Group has set up a joint venture with China Everbright that will invest in Chinese subsidiaries of the commercialisation firm’s portfolio through a $235m-target fund.

The pharmaceutical firm co-led a series A equity and crossover financing round for the life sciences tool provider that will fund Chinese expansion.

AMTD Group is looking to spin off its digital financial services arm, which counts Maoyan Entertainment as an investor, through an initial public offering in the United States.

Affirm spinoff Resolve raised $60m from investors including its parent company, while sales and marketing software provider Qualified secured $51m in a Salesforce-backed round.

Respective endowments for University of Macau and Macau University of Science and Technology have contributed to a series A round.

Existing investor Da Heng Qin contributed to a round that increased the semiconductor technology provider's overall funding to $155m.

Existing backer Honeywell invested in a round that pushed the the logistics software producer's overall funding past $150m.

The Sumitomo-backed logistics marketplace operator was reportedly valued at over $1bn in a round that included Source Code Capital.

Legend Holdings’s venture capital spinout has executed a secondary transaction to close its healthtech-oriented vehicle, LC Healthcare Continued Fund.