Already backed by Qualcomm, Alibaba and Suning, facial recognition software developer SenseTime could receive up to $1bn from SoftBank Vision Fund.

The data analytics software provider took its total funding to $25m with a series B round that included existing investor Cisco.

Deep learning technology startup DeePhi had raised funding from investors including Tsinghua Holdings as well as Samsung, Ant Financial, MediaTek and its new owner, Xilinx.

Tencent led a nine-figure renminbi round for Haoyiku, which enables brands to sell on excess inventory through the corporate's WeChat app.

Deep learning technology startup DeePhi had raised funding from investors including Samsung, Ant Financial, MediaTek and its new owner, Xilinx.

The oil, gas and chemicals provider has formed a vehicle that will invest in new energy and materials, intelligent manufacturing and AI.

Ex-Geely vice-president Nathan Yu has taken the fourth managing partner position at Nio's strategic investment vehicle.

Dell Technologies Capital was among the investors as Toka, which develops cybersecurity products tailored for government security, raised $12.5m.

Gaosi Education and Elex both invested in a $29.9m round for examination assessment system developer 7Net.