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.

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

Tsinghua University has become the first Chinese mainland institution to top the Times Higher Education’s Asia University Rankings, forcing National University of Singapore into second place.

The Tencent-backed cosmetic procedure-booking and social media platform floated at the top of its range in a US offering that came after more than $229m of funding.

Deskera has pushed its SIG and Cisco-backed series A round beyond $100m, after securing more than $40m in an extension led by Mirae Asset - Naver Asia Growth Fund.