Suning has joined forces with Yunfeng Capital, the private equity firm co-founded by Alibaba founder Jack Ma, committing up to $210m to a fund that is targeting a $2.5bn close.

PayPay, the mobile payment platform launched by SoftBank and Yahoo Japan last July, has received $419m in additional funding from the former.

The financial comparison platform has received a total of $80m to date from investors including Aegon, at least $30m of which was secured in 2019.

Bertelsmann Asia Investments co-led a $22.1m round that will enable the industrial software provider to expand its engineering and sales teams.

Shionogi has participated in an $11m round for flu detection device developer Aillis in connection with the formation of a partnership agreement.

KDDI, Saison Ventures, SB Players and Itochu are among the host of corporate investors that backed crowdfunding platform Campfire in its $20m series C round.

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.