FAW Group will reportedly provide $100m for TUS Holdings-backed Byton for a $500m round likely to value the electric SUV developer at more than $2.5bn.

FAW Group will reportedly provide $100m for Byton for a $500m round likely to value the electric SUV developer at more than $2.5bn.

Ola's electric vehicle-focused spinoff has added an undisclosed amount to the $56m in series A funding the company received in March.

Drone Fund, which invests in unmanned aerial vehicle technology, has increased its Fund II to $47m with commitments from a range of corporates.

Tencent will have to wait a little longer to exit livestreaming platform Douyu, which has decided to delay its initial public offering due to American tariffs on Chinese goods.

Center Laboratories Group and Formosa Laboratories are in line for exits as cancer drug developer Tot Biopharm aims to go public.

The Indonesian state-owned bank has set up a corporate venturing team and will reportedly provide $70m to $100m for investments.

Steve McGrath, who headed Shell Ventures' Asia Pacific activities for two years, has joined Mach49 as a Singapore-based managing director to help corporates in the region launch venture capital funds.

The digital cartoon producer has raised $15.3m in a round that was led by SoftBank and backed by Oriental Pearl Media, WingsMedia and Pipilu.

SoftBank is mulling the possibility of taking its $98.6bn Vision Fund public and is in talks with Oman over a commitment to a second fund.