Alibaba has paid an undisclosed sum to acquire collaboration software tool developer Teambition, enabling Microsoft and Tencent to exit.

The bicycle rental service, which counts Ant Financial, Fosun and WM Motor among its investors, is said to be targeting $500m to $1bn in its next round.

Existing investor Mahindra & Mahindra is reportedly in line to lead the car rental platform's next round with an investment of between $300m and $400m.

The healthcare management software producer received $74m in a series C round backed by China Pacific Insurance and will use the cash for product development.

Electronics monitoring system developer ProteanTecs has now raised nearly $50m in two years, having completed a series B round featuring Intel Capital.

B Capital has returned to reinvest in Ola-backed payment terminal supplier Mswipe in a round sized at $30m that is expected to fuel domestic growth.

The UTokyo IPC 1st Round accelerator is being supported by six corporates, providing 10 startups each year with the chance to receive up to $900,000 in funding.

Airbnb has confirmed an investment in the short-term accommodation platform reportedly sized at up to $200m, at a valuation substantially higher than $5bn.

The healthcare insurance and financing platform secured $74.3m in a Tencent-led series B round that will fund hiring and AI technology development.

Intel's corporate venturing vehicle has announced participation in 14 funding deals and backed non-profit organisation HBCU.vc.