JD.com and JD Finance were among the investors as Jiatui Technology, a digital business card platform, secured $26.2m.

DheeYantra has raised an undisclosed sum from investors including Indian Institute of Management Ahmedabad to build out its NLP software for native Indian vernaculars.

Returning investor Legend Capital has participated in a round that valued the cross-border fashion e-commerce platform at $1bn.

Baidu, Legend Holdings and Tencent are all in line to exit the used vehicle marketplace, which plans to go public in the US.

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.