The digital gifting platform, which counts KDDI as its largest investor, expects to raise approximately $51.7m when it floats in Tokyo.

Online real estate platform 99.co raised $15.2m in a round that was co-led by Allianz X at a $75m post-money valuation, and plans to now expand in Southeast Asia.

ByteDance has paid an undisclosed amount for a 22.2% stake in the social referencing portal, in a bid to further take on rival Baidu.

Group 42 supplied $10m for the online services provider, whose existing investors include iDreamsky, Bertelsmann Asia Investments and Legend Star.

CAS-backed X-ray technology developer XpectVision Technology has added $14.2m to its coffers to drive the development of its mammography device.

Marico will acquire an additional 14.5% of fitness and wellness app developer Revofit over the next year having initially invested in 2018.

Bytedance invested $30m in a series C round closed by the smart EV developer formerly known as CHJ Automotive, at a $2.9bn valuation.

Naspers is exploring a $100m secondary investment in the fantasy sports platform, though corporate backer Tencent does not appear to be among the likely sellers.

Rakuten has backed a $70m round for the hotel booking platform that came less than a month after it completed a $45m series B.

SoftBank employees, including some key executives, are reportedly being offered up to $20bn in loans to invest in its Vision Fund II.