Phone number recognition startup Teddy Mobile has now raised $29m in total, after securing an undisclosed amount in a round co-led by Fosun RZ Capital.

Nio Capital co-led the round, which also featured Daimler, and which will be used to enhance and commercialise Momenta's autonomous car technology.

Alibaba is in talks to lead the Indonesia-based e-commerce company's next round, which would include existing investors SoftBank and Sequoia Capital.

Microsoft may invest $50m to $100m in Ola as part of a strategic agreement that will involve the ride hailing service switching to its cloud platform, Azure.

BGU spinout Neuroderm, which is developing clinical-stage pumps containing medicine for Parkinson’s, has been bought by Mitsubishi Tanabe Pharma for $1.1bn.

E-commerce firm Infibeam has reportedly bid $700m for corporate-backed Snapdeal, which looked likely to be bought by Flipkart, in a deal that would allow its founders to stay.

Shanda-backed Iqianbang has secured series B funding as part of a strategic partnership to help Shenzhen Grand Electronics expand into the financial sector.

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

Alibaba's financial services affiliate has made an investment of undisclosed size in digital finance technology provider VFinance as part of a strategic partnership agreement.