Financial

Bicycle rental platform Mobike has had a hugely successful 2017 so far, with two multimillion-dollar funding rounds as well as expansion out of its native China into Southeast Asia and, most recently, Europe.

Susquehanna Growth Equity has provided $50m in funding for HighRadius, which operates a cloud-based platform to manage account receivables.

Ant Financial and Kunlun Tech are among the investors set to exit as the online lending platform, which has filed to go public in the US.

AddVentures, the corporate venturing arm of Thai conglomerate Siam Cement Group (SCG), has been named new entrant of the year in the 2017 Global Corporate Venturing Asia Congress awards. The fund was set up in June this year and will be funded by SCG to the tune of up to $85m over the next three to five years.

The huge strides made by Tencent Investment since 2015 are largely the result of its increased appetite for dealmaking on a grand scale as well as its willingness to look outside of China for new ventures.

SoftBank will take a 5% stake in the online insurer, investing up to $550m, in an initial public offering in Hong Kong that could top $1.5bn.