Naspers' Tencent share sale and the legacy of investor Li Ka-shing indicate the capital generated in Hong Kong in recent years.

Fireside Ventures has closed a $52.3m fund backed by corporate limited partners Unilever, ITC, RP-Sanjiv Goenka, Hero Enterprise and Emami.

Existing backer SoftBank and two new investors are reportedly in discussions to invest between $500m and $800m in the budget accommodation provider.

Sea has contributed to a $31.6m round for Nox, the China-based developer of a programmatic advertising platform that aims to overcome regional differences.

The corporates, together with venture firm Yahoo Japan, have committed $100m to a Southeast Asia-focused tech fund that will invest up to $15m at series B stage and later.

Hospital and clinic operator Columbia Asia has secured $210m in a round that containted $140m from Mitsui, which had previously supplied $101m in 2016.

Fidelity subsidiary Eight Roads Ventures has attracted $375m for a Europe and Israel-focused fund that will target enterprise, consumer, fintech and healthcare IT.

SBI Investment's blockchain and artficial intelligence fund has led a $10.4m series A round for autonomous driving software developer Ascent that will fund R&D.

The wedding services platform developer has received funding from investors including Fosun subsidiary Fosun RZ Capital.

Xiaoguang Sun, a former Intel Capital director, has moved from an MD role at private equity firm Yellow River Capital to head RBVC's China activities.