Trustbridge Partners has acquired a majority stake in WeWork China, a SoftBank-backed company that was at one point valued at $5bn.

Xingyun has picked up $200m in a series C round co-led by Taikang Insurance, Shanghai United Media Group and Highlight Capital, while GLP and C&D Group also invested.

The nonprofit educational organisation’s ETS Strategic Capital unit will invest in edtech companies at early to late-stage, having already made five deals.

Nucarf has procured approximately $100m in combined series A and A-plus funding, with the former round featuring Xiamen C&D.

Sesame Workshop's online education portfolio company has raised fresh funding to seize on higher demand during the coronavirus pandemic.

Zhonggu Logistics has filed for a $218m on the Shanghai Stock Exchange, providing exits to Zhonggu Shipping and SoftBank.

The Kunlun-backed customer engagement software provider has closed its series C round at about $44m, having raised a similar amount in series C1 funding four months ago.

Cash Capital was among the investors for Baijiayun, a Mooc platform whose shareholders also include Xiaodu Huyu, Huatu Education and BaishanCloud.

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

The property developer has teamed up with Global Brain again for an $81m corporate venture capital vehicle that will have a similar focus to its predecessor.