English language learning platform developer Liulishuo has closed a Hearst Ventures-backed round that was co-led by China Media Capital and Wu Capital.

Yusuf Bashir has resigned as managing director of Infosys Innovation Fund, the $500m corporate venturing fund formed by Infosys, after two years at the helm.

Educational app developer Byju's has raised funding from Tencent as part of a round reportedly sized at $40m that could value it at up to $800m.

The internet company is in advanced discussions over an investment that could boost the on-demand ride service's latest round to more than $800m.

SoftBank and Hony Capital have provided $500m in funding for WeWork's newly formed Chinese subsidiary, with each set to take a minority stake.

Cybersecurity software provider 360 Enterprise Security Group was among the participants in a series A round for data security startup SkyGuard.

Verizon Ventures, Robert Bosch Venture Capital, Dell Technologies Capital and CME Ventures all invested in the data analytics technology provider, which is valued at $100m.

ST Engineering Ventures will focus on startups developing technologies relevant to its parent company, such as robotics, data analytics and cybersecurity.

E-commerce marketplace Flipkart has had a bid of between $900m and $950m accepted from the board of corporate-backed rival Snapdeal that now needs only shareholder approval.

Grocery e-commerce platform BigBasket is in talks with both companies over an investment that would value it at about $1bn, while Amazon is also interested.