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WeWork sells China business for $200m
Trustbridge Partners has acquired a majority stake in WeWork China, a SoftBank-backed company that was at one point valued at $5bn.
Corporates help ship $200m to Xingyun
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.
ETS starts corporate venturing
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 embraces $100m across two rounds
Nucarf has procured approximately $100m in combined series A and A-plus funding, with the former round featuring Xiamen C&D.
Outschool passes $45m series B test
Sesame Workshop's online education portfolio company has raised fresh funding to seize on higher demand during the coronavirus pandemic.
Zhonggu Logistics to move onto stock exchange
Zhonggu Logistics has filed for a $218m on the Shanghai Stock Exchange, providing exits to Zhonggu Shipping and SoftBank.
Leyan locks in series C2
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.
Baijiayun basks in $26.3m series B
Cash Capital was among the investors for Baijiayun, a Mooc platform whose shareholders also include Xiaodu Huyu, Huatu Education and BaishanCloud.

Other News

Corporate venturing deal net: 14-18 September 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Mitsui Fudosan constructs second 31Ventures fund
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.
Timee recruits corporate investors
Colopl Next, Mixi, Prologis, Global Bridge, Higin Capital, Higin Venture Fund and Kintetsu Venture Partners all contributed to a $12.7m round for the part-time job app developer.
Volansi takes delivery of $50m
Merck Global Health Innovation Fund contributed to a series B round that boosted the drone-based delivery service's total funding to $75m.
Leleketang lets in $40m
New Oriental Education and Culture Industrial Fund contributed to a series C round that lifted the educational content provider's total funding to $85m.
Opendoor welcomes reverse merger
Lennar, SoftBank, Access Industries and Alphabet are set to score exits from the real estate transaction manager, valued at $4.8bn in the deal.

Editor's Picks

Opendoor welcomes reverse merger
Lennar, SoftBank, Access Industries and Alphabet are set to score exits from the real estate transaction manager, valued at $4.8bn in the deal.
Byju’s bags $500m
The online course and tutoring provider, which counts Tencent, BCC and Naspers as investors, bumped its valuation up to $10.8bn in the round.
CVC in the Time of Coronavirus: Blake Luse, Ferguson Ventures
Ferguson's investment arm is in weekly contact with portfolio companies and expects digitisation to be more widely adopted in the construction industry as work practices change.
Airbnb adds $1bn in new round
Silver Lake and Sixth Street Partners supplied debt and equity financing for the Alphabet-backed online short-term accommodation platform at a $26bn valuation.
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