Tencent-backed online learning platform developer Yuanfudao was reportedly valued at $15.5bn post-money in its series G2 round.

Softbank China and Sinopharm-CICC Capital returned for a series B-plus round after backing the online pharmacy's 2019 series B.

Utec was among the backers that helped University of Tokyo spinout Japan Data Science Consortium complete a $27.5m round.

The corporate-backed on-demand ride provider is reportedly looking at Hong Kong for a possible initial public offering, which could be preceded by more funding.

Chubu Electric Power, Daikin, Mitsubishi UFJ Capital, Mizuho Capital and SMBC Venture Capital were among the backers that helped Japan Data Science Consortium complete a $27.5m round.

Comment from Sakon Kuramoto, Benjamin Miller and Hiroki Sugita, Orrick, Herrington & Sutcliffe

Innovative region: Japan

Media group Emtek has sold its shares in PropertyGuru roughly a year after the real estate technology provider pulled back from plans to go public.

The computer vision chip producer is based on research at Tsinghua University and Chinese Academy of Sciences.

Shouqi Group's Baidu and Nio-backed ride hailing spinoff has secured hundreds of millions of dollars in its latest round.