The round reportedly valued the online food ordering platform at $3.3bn and was led by $660m from Naspers, while Meituan Dianping and Tencent also invested.

Tencent reportedly owns more than 30% of online brokerage Futu Securities, which has confidentially filed to go public, targeting a $2.5bn valuation.

Brand Capital contributed to a $35m round for the AI-based examination preparation app, which raised the money at a valuation of up to $200m.

Tencent-backed medical diagnostics technology developer VoxelCloud has now raised $78.5m in total, Shenzhen Hongtai Capital Management having led its latest round.

Baidu has led a series D round for the smart device maker, whose existing investors reportedly include Fosun, Legend Star, Xiaomi and Red Star Macalline.

Shanghai Electric will invest $9.9m in the fund, which is targeting AI and smart manufacturing industries, while a Golden Concord subsidiary is putting up $10.2m.

The smart home subsidiary of China-based Haier Group has completed a series A round led by China International Capital Corporation.

The cancer cell therapy developer and medical services provider has closed a $134m round co-led by China Pacific and Haier Capital along with China Industrial Asset Management.

Ola has followed its participation in scooter rental startup Vogo's series A round in August with a $100m investment and a commercial tie-up.

Innovative region: China