Bertelsmann achieved an exit as the cloud services provider raised $284m in an initial public offering that reportedly valued it at about $2bn.

The Bertelsmann, UCommune and Ant Financial-backed property manager raised nearly $130m depite downsizing its initial public offering.

The Tasly and Genexine-backed drug developer floated above the mid-point of its range, in an initial public offering that could end up topping $119m.

The Xiaomi-backed, China-headquartered podcast app developer priced its shares at the bottom of their range to raise $45.1m in a US offering.

Naver has backed four health and education technology developers – Huray Positive, Ichrogene, N.Cer and SoundGym – through its D2 Startup Factory accelerator.

Baidu Ventures reinvested in the 3D mapping services provider through a $14.5m series B-plus round led by Guangfa Qianhe Investments.

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

Wipro's strategic investment arm has followed its $100m first fund with a second one, having backed 16 companies and exited two.

MDI Ventures’ acting chief executive, Setyanto Hantoro, has shifted to managing director of another Telkom Indonesia subsidiary, Telkomsel.

Ping An's financial technology spinoff, which also counts SoftBank Vision Fund and SBI as shareholders, has sold an additional $35.2m in shares in the offering.