Global Logistic Properties took part in a $14.4 round for business-to-business food supplier Dingding Fresh Food, adding to its portfolio of logistics-orientated businesses.

SenseTime and Alibaba’s Hong Kong AI and Data Laboratory has chosen its first cohort, with each startup set to receive $100,000 in funding plus office space and access to AI resources.

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.