Baidu has divested a majority stake in its financial services unit, raising capital from investors including Taikang and ABC International.

The corporate's Vision Fund is reportedly set to invest $150m in the insurance portal as part of the round, which could value it at $1bn.

The China Resources Enterprise-backed CRE Alliance has paid $40m for a minority stake in the online tutoring service.

Existing investors Edwards Lifesciences and Johnson & Johnson contributed to a round that took the medical device developer's total funding to almost $105m.

The online tutoring platform, which raised $200m in a Tencent-backed round last August, plans to double its valuation in its latest round.

Printing services provider Raksul, which has raised more than $68m from backers including Gree, Opt, GMO, Itochu, Plus, Mixi, Yahoo Japan and Nippon Life, will list in Tokyo.

Nissay Capital and Mitsui Sumitomo Insurance Venture Capital, both existing investors, returned for Optical Comb's $11.8m series B round.

Milk tea chain Heytea has received just over $63m from Meituan Dianping as it looks to more than double its number of branches this year.

The recommendation-based e-commerce platform is already backed by Tencent and plans to raise $200m or more at a $2.5bn+ valuation.