Congress report: GCV Asia 2017

The government will invest approximately a third of the overall commitment in startups, with VC firms providing the remaining two-thirds. Applications to become a co-investor are open until 15 January.

The Tencent-backed online services provider floated above its range, showing the promise in Southeast Asia for Chinese internet companies.

The unit is set to lead a $100m round for Horizon Robotics as part of $60m investment in data-focused companies, taking its total 2017 spending to almost $570m.

SoftBank and Abu Dhabi's Mubadala Investment have formed a $400m venture fund, as the former lays out plans for more massive vehicles.

The genetic testing service, spun out from City University of Hong Kong, took its total funding to approximately $53m with a round co-led by Alibaba and Beyond Ventures.

The online services provider has raised $4bn in a Tencent-led round that included Priceline, and which valued the company at $30bn.

The genetic testing service took its total funding to about $53m with a round co-led by Alibaba Entrepreneurs Fund and VC fund Beyond Ventures.