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.

Bertelsmann Asia Investments has backed a series C+ round that followed an initial series C backed by Tencent.

The fashion marketplace has raised a total of $82m in funding after closing a series C round that featured all existing investors, including SIG and Hubert Burda.

Tencent has led a series C round for the health e-commerce company, which will use the cash to bolster its business and technology development efforts.

Lee had left IDG Ventures Korea in early 2016 and has spent the past near-two years as managing partner of Cognitive Investment.

Ola has acquired Times Internet-backed public transportation app developer Ridlr in an all-stock deal reportedly worth almost $50m.