Several financial services firms have contributed to a $25.5m round for the contract review technology developer.

The Kyoto University spinout backed by the institution’s i-Cap fund has secured $25.5m in funding from returning investors.

JD Logistics has filed for an initial public offering on the Hong Stock Exchange and is reportedly eyeing a $40bn valuation.

BigBasket is reportedly being valued between $1.8bn and $2bn in a transaction that would give Tata Group a majority stake.

Cloopen, also known as Ronglian and Yuntongxun, priced its shares at $16 to raise $320m in an initial public offering that provided an exit for Telstra Ventures and New Oriental.

WuXi AppTec and New World Development-backed Adagene has raised close to $140m in its initial public offering after having secured $155m in equity financing.

Lee Kum Kee Products’s Happiness Capital has co-led a series A round for the provider of 3D-printed meat substitutes.

Rising Stars Q&A – Banafsheh “B” Fathieh, head of investments for the Americas, Prosus Ventures

The round consisted of a primary and secondary transaction and the latter allowed Xiaomi to fully exit the company and Kunlun to reduce its shareholding.

The $9.5m investment vehicle will be run by Opt unit Bonds Investment Group for up to 13 years, targeting local entrepreneurs.