Existing investors SoftBank and Tencent are in advanced discussions to invest in a round that will increase the trucking services platform's valuation from $6.5bn to $9bn.

The online travel agency is reportedly seeking $1bn from an initial public offering in Hong Kong that would provide exits to Tencent, Ctrip and Dalian Wanda.

The Saudi Telecom-anchored STV led the round, while Raed Ventures also invested in cloud communications technology provider Unifonic.

The Fosun-backed data analytics provider has closed a $72m round that increased its overall funding to more than $117m.

Airbus Ventures has returned to back autonomous driving technology developer Cognata’s series B round, having participating in a $5m round for the company last year.

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

Sumitomo Dainippon Pharma, Dai-ichi Life ans SBI all invested in a $17.7m round for robotics devloper Meltin MMI, after a $2.1m series A last year.

Alibaba is set to invest $288m in the alcoholic drinks retailer at a time when consumer demand for wine and spirits is rapidly growing in China.

Smart projector and TV manufacturer Holatek has attracted $86.5m in series D funding from a consortium led by Alibaba that featured the newly unveiled 36Kr Fund.

The technology media company and data and business services provider has been operating a $144m fund for almost a year and backed 25 companies.