Alibaba and SAIC Motor helped provide fresh funding for the in-car system provider having formed it as a joint venture in 2015.

Gogox, which counts Alibaba, Cainiao, 58 Daojia, Renren and Singapore Press Holdings as shareholders, has received about $100m in a round co-led by Bocom and Cyberport.

The chipmaker’s $45.4m fund is set to operate for 10 years, investing and backing startups working on innovative semiconductor technologies and products.

Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.

MIT’s battery technology spinout will collect $200m in a private investment in public equity financing and list on the New York Stock Exchange.

The Ant Group, Info Edge and Delivery Hero-backed restaurant listings and food delivery app operator is floating in a dual listing, having secured $562m from anchor investors yesterday.

General Motors, Hyundai, Kia, Geely, SAIC Motor, Koch Industries, Foxconn and LG took part in a $200m PIPE supporting a $3.6bn reverse merger for lithium-metal battery developer SES.

The corporate-backed bulk grocery retailer has ceased operations approximately a year after it was formed by a merger between Tongcheng Life and Linlinyi.

Tigermed and WuXi Biologics took part in the biopharmaceutical company's series D round, which will accelerate the development of its immuno-oncology drug candidates.

Lilly Asia Ventures co-led a series A round for ProfoundBio that will help it develop its novel technology and targeted cancer therapeutics.