The fund will back dozens of project teams each year, while giving some students and graduates a spot on its investment committee.

Life sciences incubator and company builder Pivotal Bioventure Partners China, part of Nan Fung Group, has closed its latest fund at $150m.

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.