Dah Chong Hong will join forces with parent company Citic Pacific to form an $80m healthcare and consumer-focused vehicle dubbed Tamar Alliance Fund.

Xiaomi-backed personal electric vehicle manufacturer Ninebot has secured new funding from investors including China Mobile Innovation Industry Fund.

The Fujitsu-backed network communications developer expects to achieve a $30m close for the round in early 2018.

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.