Lenovo, Tencent, Baidu and JD.com could all potentially exit the smart vehicle developer, which has confidentially filed for a US offering.

The hub will operate a venture capital fund, an accelerator and a facilitator of university-industry collaboration.

Alibaba's financial services affiliate is now the most valuable VC-backed startup of all time, having reportedly closed funding in a GIC-led round.

Tencent invested $198m in Beijing DHC Chengxin Computer Technology, taking a 24.7% stake and signing a partnership agreement.

Existing investor SBI led the financial comparison platform's series B round, with SIG Asia Investments also investing.

The Sinar Mas and Yahoo Japan-backed EV Growth led the beauty e-commerce platform's latest round, which included existing backer iStyle.

Tel Aviv University’s TTO has set up a business called Nemis Technologies in partnership with BioSynth to develop pathological bacteria detection technologies powered by chemiluminescence.

Data from GCV Analytics and Pitchbook showed corporate venturers are increasingly opting for larger deals, consequently reducing the total number of deals.