IDG Capital and Wanrong Hongtu have supplied $100m for ASR Microelectronic, which reportedly received the same sum in an Alibaba-backed round last year.

Yahoo Japan is paying $83.7m for a 45.6% stake in online recipe platform and portfolio company Dely, which has several other corporate backers.

The Xiaomi-backed digital brokerage closed the round at a valuation of more than $1bn and will spend the cash on hiring and R&D.

Kabir Misra, managing partner at SoftBank Investment Advisers, is raising up to $250m for a fund in which SoftBank will be anchor investor.

University corner: India

Jay Eum, TransLink Capital, lends his advice to Asian corporations looking to collaborate with early-stage US technology startups.

Itochu Technology Ventures was among the investors in a $10.8m round closed as the drone technology developer rebranded from V-Cube.

Baidu and Sunshine Insurance have supplied $150m in funding to Lionbridge, a week after Baidu announced a collaboration deal with the leasing service.

Baidu remains the largest investor in the home renovation marketplace, which went public with a $748m market cap.