Alibaba has bought $3bn of shares in Ofo from another existing backer, GSR Ventures, according to a relative of GSR's managing director.

The company, which holds the largest share of China's mobile ticket retail market, is backed by Tencent, Meituan-Dianping and Enlight Media.

Hyundai has invested an undisclosed sum in Grab's $2.5bn series G round, which includes SoftBank, Didi Chuxing and Toyota, as part of a strategic partnership.

Industrial and commercial drone developer Autonomous Control Systems Laboratory raised $18.8m in a round that featured University of Tokyo Edge Capital.

36Kr's co-working space spinout has closed a $92.3m funding round featuring new and existing investors such as IDG Capital and Gobi Partners.

Industrial and commercial drone developer Autonomous Control Systems Laboratory raised $18.8m in a round led by Toyota-backed Mirai Creation.

The vehicle rental service has reportedly signed a term sheet for a round that will involve $30m from Mahindra & Mahindra and $20m from Ford.

The automotive alliance plans to supply $200m for startups and open innovation schemes out of Alliance Ventures in the next year.

The e-commerce design platform Base has secured $13.3m in a Money Forward-backed round that took its total funding to about $38m.