Tom Whitehouse, contributing editor, spoke to Jin Hu, BP Ventures’ Shanghai-based China lead, about how she is re-adapting to her country of birth after 16 years in the UK. Hu also set out the strategic rationale behind BP’s $10m backing of Nio Capital and pledged to demonstrate value to venture investors in China.

Special report: GCV Asia Congress 2018

Alibaba has backed smart enterprise tools provider Landray through its DingTalk communication app office, building on earlier collaborations between Landray and the corporate’s AliCloud unit.

Dentsu and Times Internet have reportedly both invested in a $75m round for the automotive e-commerce marketplace that could eventually reach $170m.

Aditya Swarup, a former principal at Rakuten Ventures, has been promoted to partner.

Bsense Bio Therapeutics has emerged from stealth with a round of undisclosed size that involved Takeda Ventures and Johnson & Johnson Innovation–JJDC.

YJ Capital and Sumitomo Electric Industries both chipped in for a $24.6m round that lifted the cybersecurity company's total funding to $36m.

Internet and e-commerce company DMM.com views its new venture capital fund as complementary to its M&A investments.

Car sharing platform Togo increased its total funding to $72m in an SIG-backed series B2 round that followed a $26m round in January.

Venturra Discovery will invest in seed and pre-series A startups on behalf of its Lippo-backed parent firm.