The on-demand ride provider, which is backed by a host of corporates, could float as soon as this year with a valuation of $70bn to $80bn.

The car sharing initiative received the funding from investors including Legend Capital across two rounds that will soon be joined by a third.

James Mawson, editor in chief, explores Alibaba and Tencent's different approaches to managing portfolio companies

Amazon has supplied $22m to help the business lending platform boost its latest round to $67m and its overall funding to almost $110m.

The Intel-backed autonomous driving chip developer is raising hundreds of millions of dollars, while smart EV developer Nio will shortly close a $500m fund.

The gaming equipment maker, which already owns 35% of online payment platform MOL, will wholly acquire the company at a valuation of almost $100m.

The scooter rental service is set to raise up to $7m in a round co-led by Ola, Stellaris Venture Partners and Matrix Partners India.

SoftBank Vision Fund, Alphabet's CapitalG unit and Tencent all took part in a round that valued the trucking services platform at $6.5bn.

SoftBank is set to sell a big slice of its stake at a 60% profit as part of a deal that will value the India-based e-commerce company at $20bn.