Hanwha Investment & Securities led a series B round for the payment software producer that also featured SoftBank Ventures Asia and SK Networks.

The advertising services provider’s first fund is raising up to $14.5m and will operate on a geography-agnostic basis, targeting startups in the health, beauty and food sectors.

The SoftBank-backed TikTok and Toutiao owner is reportedly raising $2bn in a round that will be co-led by KKR and Sequoia Capital.

Tencent-backed group buying platform developer Xingsheng Youxuan has formed a strategic collaboration with JD.com in lower-tier cities.

The payment services provider's Saison Ventures unit will oversee the microfinance initiative, which is targeting Southeast Asia.

Coloridoh, Ellie, Hakken, Greenspoon, TechMagic and Lyxis will all join the five-month programme overseen by Ajinomoto Group Accelerator powered by 01Booster.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

SoftBank Ventures Asia formed part of a round that will help the retail digitalisation software provider expand overseas and grow its team.

Sistema Asia Fund put up a share of the cash, helping to push construction industry supplies marketplace Infra.Market's overall funding to about $35m.

The CCC Marketing-backed salon operator has set a range for an initial public offering set to net it between $16.8m and $19.2m.