Talks between the companies are reportedly at a critical stage and could involve Walmart buying shares from corporate investor SoftBank at a $20bn valuation.

Fosun has led financial data technology startup Taodata's latest round, in which it raised $15.8m, as part of a big data and AI investment strategy.

The personalised news aggregator has raised more than $100m in a Tencent-led round that could reportedly precede an initial public offering.

Baidu is now the widescreen projector maker's largest external shareholder, having returned for a round that follows its initial investment last year.

The publicly-listed fast food retailer has committed almost $80m to a consumer and retail-focused fund that will be managed by Tiantu Capital.

Hanwang Technology is among the participants in a $15.8m round for the genetic testing services provider, which has now raised $23m in total.

Ovo has acquired the mobile video technology developer for just over $10m, with Incoming backers Intel, Citrix and Warner Brothers getting stakes in Ovo.

Singha Ventures will invest in areas such as consumer products, retail, logistics, enterprise healthcare and renewable energy as well as other funds.

The healthcare innovation services provider has joined forces with Tikehau Capital for a fund called TKS1 that has reached its first close.

Rocket Internet-backed short-term accomodation provider Zen Rooms is in talks with investors for a sale as its capital reserves reportedly dwindle