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.

Alibaba, Lenovo and Tuling Century all contributed to the deep learning chip developer's series A round, which reportedly valued it at more than $1bn.

Becton, Dickinson and Company has participated in a round that took the GE Ventures-backed medication analysis technology provider's total funding to $8m.