Baidu has participated in a series A round for sonic-focused AI technology developer SoundAI that took its total financing to $57m.

Bahrain's sovereign wealth fund is considering a commitment that will help SoftBank's fund reach its $100bn target for a final close.

Continental is reportedly in advanced talks over a $400m acquisition of Magna and Allianz-backed in-car cybersecurity technology provider Argus.

Peter Nagler is leaving Evonik Industries, where he was head of international innovation, for a position at Singapore's AStar.

Congress report: GCV Asia 2017

Rakuten-backed mobile marketplace operator Carousell appears to have closed a series C round worth between $70m and $80m.

Tencent's senior director of corporate strategy and investment, Grace Yun Xia, has departed for a principal role at venture capital firm Jungle Ventures.

WM Motor-backed Hellobike is set to merge with Shanghai Stock Exchange-listed peer Youon Bike in an effort to better fight off competitors.