Mobile payment platform Ezetap, which counts American Express as an investor, has now raised $51m in total, after securing funds in a JS Capital-led round.

Petroleum trading platform Zhaoyouwang has secured $31.8m in a series B round that included Huochebang and SIG Asia Investments.

The Korean accelerator operator has formed a $50m early-stage fund with steel pipe maker Seah and Korea Development Bank as anchor investors.

Tencent has participated in a round that valued the online education platform at more than $1.5bn, taking its total funding past the $325m mark.

Alibaba has teamed up with venture capital and innovation company InnoSpring for an innovation centre in the Shanghai district of Jiading that will focus on foreign startups.

YJ Capital, San-In Chuo Television Broadcasting and Tanabe Corporation were among the investors in a round that almost doubled the app developer's total funding.

Automotive information portal Autohome has led the augmented reality startup's series A round and plans to begin using its technology to help users test cars.

The Saudi Aramco-backed online payment processor has raised $20m from unnamed investors that will fund a geographical expansion drive.

Epsilon Venture Partners, the fund formed by Sudheer Kuppam when he left Intel Capital in 2015, has reached a first close and is targeting a $350m final close in 2018.

The Chinese Academy Of Sciences spinout, which is developing deep learning chipsets, has secured $100m in a series A round featuring CAS Investment.