Masatoshi Ueno, who was part of GCV's 2017 Powerlist, has departed from Asahi Glass where he had been a senior manager at its AGC Ventures unit for nearly eight years to join Komatsu.

JD.com has agreed to lead a $500m round for Aihuishou and will merge its own second-hand e-commerce platform Paipai with the electronics recycler.

Alibaba has injected $150m into personalised education platform Knowbox, whose backers already include TAL Education, Bertelsmann, Baidu and Legend Star.

India-based payment tech company PhonePe is looking to raised $1bn at $7bn-$8bn valuation from various investors, including Tencent.

Piau Voon Wang has joined Legend Capital as managing director and chief operating officer, on the back of earlier appointments at a number of investment firms.

Tencent was among the participants in a pre-series A round for IoT security outfit Zeepson that was sized at approximately $14.4m.

Raksul has exited custom printed product marketplace InkMonk in an acquisition of undisclosed size by Printo, with the deal reportedly creating India's largest printing services provider.

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

Yonyou Network Technology has supplied $15.9m for the livestreaming services provider that will fund the development of AI and big data technology.

Philippines-based Union Bank has allocated more than $9m annually to its UBX subsidiary to pursue financial technology opportunities.