The Tokyu-backed scheme has hosted the fifth batch’s demo day with Subsclife, Barus, Luup, Fun Up, Self Link and Sora (MagicPrice) receiving awards.

The state-owned corporates have set up an industry investment fund focused on China's Greater Bay Area as part of a larger $1.41bn initiative.

The corporate-backed mobile wallet provider has secured a blend of debt, equity and warrant financing totalling $29.7m from an investor called MK SPV IX.

The mapping software developer has secured $14.1m in a round led by venture firm Everest Venture Capital, two years after being spun off by SF Express.

Former NTUitive chief executive Jui Lim will lead the Singaporean government's deep tech-focused investment unit from this May.

TusStar-backed semiconductor laser developer Berxel received $14.1m in a round that was led by Vision Knight Capital.

The Ping An subsidiary is providing strategic assistance to portfolio companies during the Covid-19 pandemic, though managing director Lacey cautioned that startups with high burn rates are facing high risk.

Gaming and internet company Kunlun is committing about $140m to the internet and AI-focused fund as one of its two cornerstone investors.

Lilly Asia Ventures, an investor in the cancer drug developer since its series A round, returned to back a series C that doubled its overall funding to $140m.

Legend Holdings-backed semiconductor laser developer Berxel received $14.1m in a round that was led by Vision Knight Capital.