Tencent Investment's Jeffrey Li, number one on the GCV Powerlist this year, spoke to Michael Redding of Accenture Investments about how he approaches investing.

Wangdiantong has received a $14.5m capital injection from the $300m China Ventures Fund I, established last year by SoftBank Ventures Korea and TPG Growth.

Baidu and China Citic Bank-owned AIBank is looking to raise up to $1bn in the coming months, adding to the $576m in capital provided by the corporates so far.

The travel information and services platform raised $250m in a Tencent-led round also backed by General Atlantic, Qiming Venture Partners and Yuantai Investment Partners.

The data and key findings from the JVCA/GCV survey reveal an open, innovation-oriented community.

GLP and China International Marine Containers-backed Yidaichu has allocated the $17.4m it raised to hiring staff, further developing its technology and improving its core offering.

Ingka Group, a franchisee of furniture retailer Ikea, invested a reported $10m to $15m in interior design services platform Livspace, which will use the cash to expand its offering.

Susquehanna International Group has led a series B round for elderly healthcare services provider Shanzhen that was in the eight-figure dollar range.

The university has signed up Grab Ventures Velocity, part of ride hailing service Grab, to its new UI Works startup accelerator.

The JD.com-backed IT equipment leaser has received a nine-figure renminbi sum, adding to the pre-series B financing it raised in March.