Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The food delivery service, a portfolio company of Ant Group, Info Edge and Delivery Hero, is now valued at $5.4bn ahead of a possible IPO in the coming months.

JG Summit Holdings participated in a series B round for the digital banking network and will help it apply for a licence in the Philippines.

South China University of Technology spinout POI-Tech is working on industrial internet applications and will use some of the money to expand R&D activities.

The Bertelsmann-backed manufacturing software developer took its total funding past $110m with the close of the $77.3m round.

The bicycle rental service, which was spun off by Didu Chuxing, is reportedly to close a $600m series B round alongside $400m in debt financing.

The JD.com, Shanghai Pharma and SoftBank China Venture Capital-backed O2O medical services operator, has secured fresh funding from investors including Sinocare.

Baidu Ventures, Mango Media and Zhongnan Red Cultural Group are set to exit the screen projector producer in an IPO on Shanghai’s Star Market.

The Qilu Pharmaceutical-backed cancer, immune disorder and metabolic disease drug developer has closed a series B round led by Lilly Asia Ventures.

Google has disclosed $75m in financing commitments to equity and debt initiatives in areas including Europe and Latin America.