Sequoia China led a $17.6m round for lift advertising network Tikin Media, whose early investors reportedly include several corporates.

Alibaba, Fosun, UCar and Foxconn-backed electric car developer Xiaopeng secured $585m in series B-plus funding at a $3.7bn valuation.

The corporates invested $52.6m in Canxing, a television production company best known for its talent shows, at a valuation of about $2.5bn.

A $1bn investment by Toyota was matched by backers including Ping An and Naver, valuing the on-demand ride service at $11bn post-money.

Additor, AND Global, Elumium, Groovy Antoid, Immersive Systems, Jazzy Pay, Retarget Links, Rooit, Talk-A-Bot and Shoffr are Rakuten Accelerator's first entrants.

Spice Digital has exited Luharia, the operator of online lending marketplace AnyTimeLoan, having invested late last year.

Yanolja has provided funding as part of a deal that gives it the option to wholly acquire the short-term accommodation booking platform.

Existing investor Hero MotorCorp has agreed to supply $18.9m of convertible debenture financing for electric scooter developer Ather Energy.

Ada, a digital advertising technology spinout from Axiata, has received $20m in a strategic investment by Sumitomo.