Vietnam-based IT and telecom group CMC has launched a $2.2m innovation fund to help commercialise ideas from several IT-related sectors.

Daimler Trucks has led StoreDot's latest funding round, which included Samsung Ventures, as part of a strategic partnership agreement.

Zhang joined Baidu, where she held a executive director for investment role, in 2015, and will now oversee Chinese internet and technology deals at General Atlantic.

The hotel chain has formed a strategic partnership with South Asian budget room booking platform Oyo that will involve it investing $10m in the company.

The round was co-led by China Life Insurance and SDIC Fund Management and valued the medical device developer at more than $5bn post-money.

Online insurance provider ZhongAn is set to raise up to $1.5bn next week and SoftBank's Vision Fund is considering buying $500m of shares.

The corporate's first deal out of its Samsung Automotive Innovation Fund is an $89m investment in networked safety control system developer TTTech.

The retailer has provided $15.9m for the e-commerce platform, boosting its overall investment in the company to almost $42m.

The imaging and sensor system developer has secured new funding in a WRV-led round that featured Qualcomm Ventures.