Parent company Legend Holdings contributed 25% of the total as early-stage investment arm Legend Star closed its fourth renminbi-denominated fund.

ProfitBoard Ventures, a vehicle for the tax and legal services provider, is expected to invest $100m in technology developers by mid-2022.

New retail holding company Ficus raised equity funding from EWTP Capital, which is backed by corporate parent Alibaba.

Teijin has led the second close of an $11.4m round for the flash memory technology developer, investing with backers including Marubeni Ventures and NEC Capital Solutions.

The remote education software provider, which counts Xiaodu Huyu, Huatu Education and BaishanCloud as investors, secured $13.9m.

Ten Israel-based startups have joined the third batch of Intel Ignite as its corporate sponsor prepares to export the concept internationally.

Several corporates are set to exit the financial services provider in the biggest IPO in history, while parent company Alibaba will buy about $7.5bn of shares.

Several of the online fresh fruit and vegetable retailer's subsidiaries have filed for bankruptcy despite it raising more than $800m from investors including Alibaba and Suning.

Tencent led a round sized at nearly $100m, with fellow coprorates Kuaishou and technology firm Susquehanna International Group also contributing.

Bixin Ventures is investing in crypto technology developers and has just co-led a $10.9m round for light blockchain developer O(1) Labs.