Autohome has made a strategic investment in used car auction platform Tiantianpaiche, whose backers already include SoftBank, SIG, Tencent and Bitauto.

M17 Entertainment, backed by MCN, Yahoo Japan and LeSports, was expected to float on the New York Stock Exchange yesterday but still has not begun trading.

Reculta was founded by a former recruitment secretary at IIMA to help universities and companies streamline the process behind making offers.

The round was already the largest ever at the previously reported $10bn mark but has been revealed to stand even taller with an additional $4bn.

Marine product maker EPropulsion, which was founded by a HKUST graduate, will soon launch a 4K resolution subsea drone camera.

Taikang Life and Lilly Asia Ventures, which backed the initial $59.7m series B round last year, have also contributed to a $35m series B+ round of Hangzhou Just Biotherapeutics.

The corporate venturing arms of CMA CGM and PSA International have joined forces to drive digitisation and innovation in the logistics sector.

Claridge Israel has purchased a minority stake in Cyberbit, a hitherto wholly-owned subsidiary of defence contractor Elbit Systems.

Legend and Susquehanna International Group have supplied $12m to Goopal.