China Life Insurance has led a $78m series C round for Vazyme Biotech following the regulatory approval of its Covid-19 detection kit.

Sunshine Insurance has led a $60m series C-plus round for the bookkeeping software developer that also attracted existing shareholder Xiaomi.

Telkom’s investment division has recruited a former partner at AC Ventures, Donald Wihardja, as CEO with the role having been vacant for the past nine months.

India-based challenger university Atria University has launched a VC fund contest for aspiring students aged from 16 to 18.

Cancer therapy developer Hummingbird Bioscience increased its series B haul to $25m after adding SK Group to a consortium that already included a division of Kooksoondang Brewery.

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Tencent has returned for a series B round raised by the semiconductor technology developer, having also participated in a $43.4m funding round last year.

Yuan Gao, formerly head of strategic investments, has ascended to head of corporate strategy and investments, almost five years after joining the parent company.