Bordrin Motor has collected $362m in funding from a group of investors led by Sinochem International, while Sumitomo and Positec also participated.

Santai Holding and iPinYou-backed fintech developer Wiseco Technology has secured $94m in a series A round co-led by Huading Capital and Sino-Ocean Group.

Singapore Academy of Law is starting a legal tech accelerator as part of a wider initiative helmed by its SAL Ventures targeting innovation in the provision of legal services.

The anti-fraud technology provider has received $50.7m in a round led by VMS Investment Group that was also backed by existing investor Legend Capital.

The Singaporean-state owned venture firm is targeting $770m for its latest fund and has secured $50m from NEC Capital Solutions and $20m from Aozora Bank.

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.