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

The prospective deal would follow a $350m investment by Tencent in early 2017 and would value the video streaming platform at $25bn pre-money.

Didi Chuxing has set up its autonomous car unit as a new business that remains unnamed for now, with the aim of attracting external investment.

The Legend Capital-backed cross-border fashion e-commerce platform has raised a $65m commitment from Group 42 in a series C-plus round.

The VC firm has closed the $43.2m fund following limited partner commitments from G-bits Network Technology, Xiamen Torch, ITG Holdings Group and Good First Group.

Reliance Industries has acquired a majority stake in the fashion e-commerce platform through a $41.7m majority stake purchase that will enable Google to exit.

HashPort Accelerator will help international entrepreneurs to enter the Japanese market, assisting them with fundraising and localisation.

GCV Powerlist member Gen Tsuchikawa on Sony and Daiwa Capital Holdings’ new investment vehicle.

Kreatif Media Karya took part in a $19m extension to a series C round already featuring CapitalG, Dentsu and Bennett, Coleman & Co, boosting CarDekho's total funding to about $200m.

Japan Post Capital led a series E round that increased the valuation of the news aggregation app developer to $1.1bn, and its total funding to $116m.