The carmakers have supplied $250m in connection with an electric vehicle promotion deal, and the round already includes Toyota, Ping An, Microsoft and Citi Ventures.

Ant Financial was among the participants in a series C round for the rural microfinance and financial trading provider that was led by Rise Fund.

Hotel smartphone provider Tink Labs already counts Foxconn and TCL as investors but has reportedly approached travel and hospitality companies for funding at a $1.5bn valuation.

Microsoft-backed automated drone provider Airobotics took its total funding past the $100m mark with a round led by Singapore's Pavilion Capital.

Tencent is contributing $250m to a larger funding round reportedly being raised by online education platform Yuanfudao at a valuation of $2.8bn.

The corporate revealed it has backed 600 companies, more than 100 of which achieved $1bn-plus valuations, and it will now move further into industry-based deals.

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

Music tutoring platform Peilian has added $150m in funding from investors including Tencent to the series B funding it raised in January.

Mitsubishi Estate and Koei Tecmo have backed a $50m series D for space junk removal service Astroscale that almost doubled its total funding to $102m.

Intel Capital and Coinbase Ventures both chipped in as the blockchain technology developer raised its second round in less than a year.