Rakuten has scored an exit from digital invoicing platform MakeLeaps after Ricoh agreed to buy the company for a reported eight-figure amount.

Guohua Life Insurance and 58 Group supplied series B funding for online insurance platform Wukongbao, adding to $15.3m in pre-series A funding in 2016.

Sumit Jain has taken on a managing partner job at Sistema’s Asia Fund on the back of nine years at Kalaari Capital which included a role in seeding two VC funds.

TAL Education joined conglomerate Fosun and VC firm Shunwei Capital in a round for parenting app developer QinBaoBao sized in the eight-digit dollar range.

Nomura Holdings, Daiwa Securities, Mitsubishi UFJ, Sumitomo Mitsui Financial and Mizuho Financial will aim to raise up to $1.78bn for the fund, in partnership with China Investment Corporation.

Baidu is in talks to provide half the funding in the prospective round while another of the EV producer's existing investors, Tencent, could also take part.

China Life's Healthcare Fund led the series B-1 round, which followed a series B featuring fellow corporates Google and Tencent in January.

The employee training software provider has confirmed a $50m round that included SIG, the corporate that led its series B round in 2017.

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

The corporates will establish a blockchain lab to look at applications using the cryptographic record system while also running related workshops and competitions.