Baidu has sold its food delivery service Waimai to food delivery company Ele.me for a reported $800m, retaining a small stake in the venture.

He had been in charge of DeNA's investment in US market since April 2014 after a year in San Francisco, California, as a senior director.

The personal finance app developer has received approval for a Tokyo IPO that will give exits to corporates including Credit Saison, GMO and Mitsui Sumitomo Insurance.

China Life will invest as much as $800m and Baidu $200m, in a fund formed by the China-based corporates to make mid and late-stage investments in internet-focused companies.

On-demand ride service Go-Jek has followed a reported seven-figure investment from Tencent with $100m from JD.com as part of a round set to be sized at about $1bn.

The underwater drone developer, a spinout of University of Tsukuba, raised the funding in a Beyond Next Ventures-led round that included several corporates.

Mobile payment platform Ezetap, which counts American Express as an investor, has now raised $51m in total, after securing funds in a JS Capital-led round.

Petroleum trading platform Zhaoyouwang has secured $31.8m in a series B round that included Huochebang and SIG Asia Investments.

The Korean accelerator operator has formed a $50m early-stage fund with steel pipe maker Seah and Korea Development Bank as anchor investors.