SoftBank Vision Fund is in discussions to invest some $500m in the online educational assistance platform, which was spun off from Baidu three years ago.

Tencent joined Hillhouse Capital to make an equity investment in fast fashion retailer Miniso as the latter continues to expand internationally.

Cancer biosimilar developer JHL Biotech raised an undisclosed sum in a Sanofi-backed round as it prepares to re-list on a stock exchange, this time choosing Hong Kong.

Liulishuo has listed on the New York Stock Exchange following a $71.9m initial public offering that provided an exit to publishing house Hearst.

Universities in Japan will be given the right to take long-term equity in spinouts as the government looks to improve availability of funding for homegrown research.

The customer service platform developer raised $43.5m in a Legend Capital-backed round that took its total funding to approximately $66m.

The cross-border e-commerce platform raised $14.6m in a Taofen8-led round that included Santuo Investment Management and Ningbo Municipal Government Angel Guidance Fund.

General Atlantic India has acquired a 5% stake in Tencent-backed Byju’s in return for a $100m commitment that pushed the education services provider’s valuation to $2bn.

UCLA co-led the online meat and fish merchant's series C round, which included Bertelsmann, Sistema Asia and Vertex Ventures.

Meritech Capital led a $30m round for Codecentric spinoff Instana, increasing the app performance manager's total funding to $57m.