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.

The deep learning technology developer has raised $40m in a series A+ round from a consortium including Samsung and Ant Financial.

The artificial intelligence technology developer plans to launch a strategic investment fund as well as incubator and accelerator initiatives.

The text-to-video platform developer took its total funding to more than $30m with a $20m round led by Bertelsmann Digital Media Investments.

SBI Group and Siam Commercial Bank contributed to the round, which will fund the mobile banking app developer's international expansion.

The deep learning technology developer has raised $40m in a series A+ round from a consortium including Samsung and Ant Financial.