Alibaba is investing $50m in the grocery e-commerce platform at a $1.2bn valuation to retain its position as the company's largest shareholder.

Gree Ventures and Miki have both contributed to a North Asia-focused venture capital fund that Infinity Ventures plans to close at $120m.

Kyoto University has taken part in an $8.1m series A round for Alphanavi Pharma, which is developing drugs for neuropathic pain that will partly be based on the institution's research.

Tencent invested $6m as educational app developer Byju's raised $31m to boost its overall funding to more than $820m.

Alibaba-backed software services provider Authine has secured $14.9m in a series B round led by Gaorong Capital.

BNP Paribas’ Opera Tech Ventures and Standard Bank have backed a series A round for remittance banking services provider Rewire, which plans to spend the cash on expansion and recruitment.

Dai-ichi Life has supplied $9m for the fund, which is targeting technologies such as renewable energy, electric vehicles and energy storage.

BMW Group Asia, Intel and Nielsen have formed partnerships with Tribe Accelerator, which is focusing on distributed ledger startups.

Claris Lifesciences has exited the online clinic management platform in a cash-and-share acquisition by NetMeds.