Temasek led a funding round that expanded the UC-RNT Fund-backed health and wellness services platform's overall financing to approximately $390m.

The ride hailing service is reportedly near to raising $300m in a round led by existing backer SoftBank that will follow $18.3bn in earlier financing.

Unilever Ventures returned to back a round led by Temasek that expanded the health and wellness services platform's overall financing to approximately $390m.

The quantum computing technology developer secured $17.5m in a round that was co-led by Harel Insurance, taking its total funding to $23m.

Alibaba Pictures is investing $56.5m for 60% of the Yinhekuyu's shareholding, its sister company Youku already having taken a 20% stake.

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

SoftBank is in talks for $5bn that it will match itself, to support Vision Fund portfolio companies and possibly opportunistic acquisitions.

Tencent is reportedly set to co-lead a round for online education platform Yuanfudao with an original target size of $1bn and a rumoured $7.5bn valuation.

Insurance technology developer InsGeek, whose shareholders already include Tsinghua University-linked THG Ventures and TusStar, has added $25m in series C funding to its coffers.

Faisal Rehman, previously a partner who managed SoftBank Vision Fund’s Middle East investments, has ascended to managing partner following the departures of several key executives.