Korea Telecommunications Operators Association is among the limited partners in a $42m fund aimed at technologies such as artificial intelligence, big data and 5G networks.

The smartphone maker has launched a $29m VC and consulting business subsidiary based in the Chinese city of Chongqing.

Chief financial officer Maggie Wu has been put in charge of strategic acquisitions and investments at Alibaba, replacing executive vice-chairman Joe Tsai.

Chugai, Eisai, SoftBank, Takeda and Celgene have contributed to healthcare venture firm Catalys Pacific’s inaugural fund, which has a target size of $100m.

GMO and Mastercard-backed online payment technology developer Razorpay has raised $75.4m at a reported $450m valuation to bring its overall funding to $107m.

The Rafael-backed, email-focused cybersecurity software developer scored $15m in a series B round led by existing investor K1 Investment.

Qualcomm Ventures took part in a $72.3m round that valued the moped rental service at $200m post-money, increasing its overall funding to $92m in the process.

The TAL Education-backed live-video art lesson provider has collected tens of millions of dollars in a series B round co-led by Qiming Venture Partners and Matrix Partners China.

Tencent has led a $160m series D round for business-to-business e-commerce platform Zhenkunhang that was also backed by return investor Legend Capital.

The internet-of-things software provider has sourced $72.2m in a series B round that featured Galaxy Holding Group.