SoftBank and Foxconn are both looking to sell shares in the offering, which could represent confirmation of a recovery for the once troubled e-commerce platform operator.

Corporate-backed unicorns Via and Cohesity have both confidentially filed to go public while autonomous driving technology developer Haomo.AI raised nearly $157m.

The move to develop ties between corporate investors and angels follows similar efforts in other countries.

Mobile wallet developer Momo grabbed $200m in a Mizuho Bank-led round valuing it above $2bn while silicon wafer producer Mieke pulled in $188m.

Qualcomm and Flipkart-backed CE Info has gone public and secured a market capitalisation of approximately $1.1bn.

The Japanese IT services provider is targeting $150m from other corporates for its Orchestrating Future Fund, which is tasked with boosting the technology ecosystem.

China-based chipmakers Chipone Technology and Vastai Technologies raised a total of over $1.2bn while Reddit has confidentially filed to go public.

Data and analytics companies raise money in the hundreds of millions, while GV spreads investments across multiple sectors.

Sony Innovation Fund and Innovation Growth Ventures both had a spectacular 2021, and various team members spoke to GCV about their latest investments in Cruz Foam, Delos, Identiq and Kiswe.

SoftBank invested in rounds for Olist, Open Co and Juspay while Innovaccer raised $150m.