The corporate is one of nine co-investment partners rounded up by Spring Seeds Capital for a scheme that will operate over the next eight years.

The Xiaomi-affiliated smart wearable device maker has become the latest Chinese company to go public in the US, floating in the middle of its range.

Video sharing platform AcFun, which had raised at least $110m from backers including Youku Tudou and SoftBank, has shut down its operations.

Corporate venturing units Sistema Asia Fund and Bertelsmann India Investments took part in the round's $10.5m first close in September last year.

The carmake has invested almost $69m in ride hailing app developer JapanTaxi as part of a strategic partnership deal.

Alibaba's financial services affiliate is reportedly targeting a valuation of $80bn to $100bn for the round, which could precede an initial public offering.

An affiliate of delivery group Deutsche Post DHL has supplied $9.6m in financing to the logistics software developer that will fund international growth.

The Tencent-backed electric vehicle developer, formerly known as Future Mobility, is seeking between $300m and $400m at a $1.2bn valuation.

Naspers Ventures led the round, investing alongside Meituan-Dianping and increasing the food delivery platform's total funding to $255m.