JG Summit Holdings and Uni-President Enterprises were among the investors as Tencent-backed internet company Garena rebranded to Sea and raised new funding.

Semiconductor technology provider Canaan has received $43m in a series A round featuring hotel manager Jin Jiang International at a $480m post-money valuation.

The SoftBank-backed round could give the China-based ride hailing company the financial base it needs to compete internationally, where it may well use its CVC investments to forge a path.

Hotel industry data provider Fornova has closed a series B round led by Deutsche Telekom Capital Partners that will support sales, marketing and product development.

The insurance firm, which has had a dedicated venture capital unit since 2012, will invest in healthcare and financial technology developers through the Ping An Global Voyager Fund.

The Rakuten-backed on-demand ride platform has raised cash at a $3bn post-money valuation as it seeks to bat away competition in its home market of Indonesia.

Xiaomi will put up a third of the capital for Xiaomi Yangtze Industry Fund, which will target hardware investments, with Hubei's guidance fund and the province's largest city the other LPs.

Corporates Meituan-Dianping and JD.com have joined Sinovation Ventures to co-lead a series A round for high-grade pig farming business Weiyang.

Financial institution Krungsri has set up a corporate venturing subsidiary called Krungsri Finnovate to back fintech startups that can be integrated with its products.