Lightspeed and Sequoia are selling part of their shareholding back to Oyo’s founder for a combined $1.5bn as Oyo also seeks to raise up to $1.5bn in new funding.

Lianjias's online real estate brokerage spinoff has secured $1.2bn at a reported $9.5bn valuation, with Tencent leading the round.

CEO Adam Neumann has divested a total of $700m in shares of SoftBank-backed co-working space provider The We Company to undisclosed buyers.

Hellobike is talks to raise $400m in an Ant Financial-led round that could increase the bicycle rental platform's valuation to $5bn.

Recruit Strategic Partners, Brand Capital and Visa have backed the series D round, which the digital payment platform developer plans to close at $25m.

The online streaming service is preparing an IPO after a Fidelity-led round that included corporate investors MNC, JTBC, Sky, Hearst and Yoshimoto Kogyo.

Baidu led the children's fiction provider's series C round, investing alongside fellow corporates New Oriental Education & Technology and TAL Education.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

FlixMobility has raised a reported $561m in series F funding, adding to earlier capital provided by investors including TUM-linked UVC Partners and carmaker Daimler.

FlixMobility has raised a reported $561m in series F funding co-led by TCV and Permira, securing capital for the first time since a Daimler-backed round in 2016.