Consumer

RGU expects its University Entrepreneurship Accelerator to back at least 25 projects each year in areas such as healthcare, digital and social enterprise.

The Amazon-backed baby monitor developer will use the proceeds to support the launch of two new products this year.

The social commerce platform, backed by Tencent and Bertelsmann, has hired Morgan Stanley, Credit Suisse and China Renaissance as underwriters for its initial public offering.

Walmart invested in the e-commerce platform at a $20.8bn valuation, allowing SoftBank, Naspers and eBay to achieve billion-dollar returns.

E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the Rocket and Ooreedo-formed Asia Pacific Internet Group.

Koubei and Ant Financial joined asset manager CDH Investments for catering service provider Xiyun International's series A round.

The food and agtech accelerator has accepted an inaugural cohort of eight, with half of the intake focusing on the agtech space.

Companion robot developer Embodied, backed by Intel, Amazon and Sony, has raised $12.4m in a round with a target size of approximately $18.8m.

China-based electronics producer Xiaomi has reportedly filed for an initial public offering at a $100bn valuation in Hong Kong.

Logistics firm SF Express committed capital to freight logistics platform Flexport, which was previously backed by Bloomberg Beta and GV, among other corporates.