Alibaba's financial services affiliate has reportedly already raised $3bn from investors including Temasek and is targeting an $8bn to $9bn close.

Game producer Youzu Interactive led a round that took the credit risk assessment platform's overall funding to more than $50m.

NTT Group is preparing to launch a third corporate venturing fund in July this year aimed at technologies such as artificial intelligence.

Electric vehicle developer Xiaopeng Motors intends to raise $2.7bn this year, having already secured $348m from investors including Alibaba and Foxconn in January.

The YY-founded live game streaming platform raised $462m from Tencent last month at a valuation of $1.16bn.

Doosan Group and AJU Capital invested in Kakao-backed streaming portal Watcha, taking the company's total funding to $21m.

The age-related disease drug developer, which counts Mayo Clinic and WuXi PharmaTech as investors, raised $55m as recently as last month.

The travel services marketplace secured the series C funding from Tempus Group, Ant Financial and CCB International.

The artificial intelligence technology producer secured the money at a reported $4.5bn valuation, with Alibaba leading the round and Suning also investing.