Group buying service Xingsheng Youxuan raised the money at a $5bn valuation and has reportedly secured upwards of $1.8bn in the past 18 months.

CyberLink has reinvested in the beauty product sampling service through a series C round that was led by Goldman Sachs.

The furniture-focused e-commerce platform secured the funding in a round co-led by SoftBank as it looks to expand its physical footprint and launch own-brand products.

Business-to-business (B2B) e-commerce marketplace Udaan extended its series D round with a $280m tranche, featuring Tencent. The company is one of the comparatively few B2B e-commerce deals we have reported, despite the relative size and importance of the B2B in it.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

MUI formed Pan Malaysia Ventures (PMV) last year and has invested up to $200,000 each in six startups.

Fabrics trading platform developer Baibu has closed a series C-plus round led by GLP subsidiary Hidden Capital and has now raised $540m inside three years.

Tyson Ventures has returned for the plant-based shellfish substitute provider's series A round, bumping its total funding up to $26m.

Tencent was among the investors that added $280m to the business e-commerce marketplace's series D round, valuing it at $3.1bn.

Jubilant Foodworks is providing $12.9m for the barbeque restaurant operator at a valuation of about $115m.