Nissay Capital and Mitsui Sumitomo Insurance Venture Capital, both existing investors, returned for Optical Comb's $11.8m series B round.

Milk tea chain Heytea has received just over $63m from Meituan Dianping as it looks to more than double its number of branches this year.

The recommendation-based e-commerce platform is already backed by Tencent and plans to raise $200m or more at a $2.5bn+ valuation.

Changcheng Investment Partners is an independent firm sponsored by Baidu and managed by its ex-CFO that will target internet and artificial intelligence.

Existing investors Legend Capital, Lilly Asia Ventures and Taikang Insurance all took part as the drug developer took its total funding to more than $530m.

The artificial intelligence development startup has emerged from stealth with funding from backers including Robert Bosch and Samsung.

The optical frequency spinout from Tokyo Institute of Technology has secured series B funding from investors including the institution's Innovations and Future Creation fund.

Bertelsmann-backed learning assistance platform Knowbox has received series C funding from returning investor Tal Education Group and Yunfeng Capital.

Goldman Sachs is set to lead a $300m funding round for used vehicle e-commerce platform Renrenche that will include existing backer Didi Chuxing.