Prosperity Holdings led a $43.5m round for the co-working space provider, which already had several corporate backers, at a $1.8bn valuation.

Nobutake Suzuki, former partner at Global Brain, has returned to Mitsubishi UFJ Financial Group as a managing director.

The motion control technology producer has set up an $85m corporate venturing unit, Nabtesco Technology Ventures, with Emerald Technology Ventures.

Giant Network Group has returned for the co-working space provider's latest round, having backed its series B in March.

Essel Group has invested $43.7m in ZipGo through its Essel Green Mobility subsidiary that will fund the expansion of its bus service.

The smart electric vehicle producer, whose largest investor is Tencent, was valued at $5bn as of late last year and has filed to go public in the US.

The e-commerce firm has joined Sequoia Capital China and the state-owned China Reform Holdings for a late-stage fund with a $5.8bn target.

Antibiotics developer Bugworks Research has been backed by Utec in its bid to commercialise a treatment for hospital superbugs.

Fresh produce distributor Wangjiahuan has raised $58.5m from Global Logistic Properties subsidiary Hidden Hill Modern Logistics Private Equity Fund.

Jennifer Xuan Li has moved from an investment position at Baidu to a similar post at SenseTime, which is becoming increasingly active in corporate venturing.