JD.com's medical products spinoff has gone public in Hong Kong's largest initial public offering this year, valuing it at close to $29bn.

The appliance and electronics retailer has spun off an e-commerce and retail services arm with external funding valuing it at $3.8bn.

Walmart is leading a $700m round being raised by financial services app developer PhonePe at a $5.5bn valuation as it is spun off by Flipkart.

State-owned banks and investment firms are behind the latest funding round for the Cisco, Country Garden and Greenland Holdings-backed big data technology provider.

Everyday Network has exited apartment manager BestBond in an acquisition of undisclosed size by SoftBank-backed Ziroom.

GMO VenturePartners, Nippon Life X, Ricoh Leasing, Shizuoka Bank and Tokai Tokyo Investment joined earlier LPs Chatwork, Goodpatch, Raksul, Shift and The Guild to close MFVP’s first vehicle.

The automotive manufacturer is supplying $91m for Dongfeng Bocom Yuanjing Motor Investment Fund, with Bocom International putting up the same amount.

The diabetes treatment developer, which counts Tasly and Legend Star among its investors, has received what it referred to as pre-IPO funding.

The CIM and Harel Group-backed provider of solar module cleaning robots said it has notched up $82.5m through a public tender for the offering.

The business management software provider's Zhongnan Capital-backed series D round lifted its overall funding to about $165m.