Chauffeured lift service UCar has formed a $1.47bn investment subsidiary and its first move has been to lead a series B round for electric car developer Xiaopeng Motors.

The firm's 2017 Innovation Program will feature Unilever Ventures and Amazon Internet Services as partners, both of which could invest in graduates from the scheme.

Kakaku has led a series B round for financial comparison platform MoneySmart that included Singapore Press Holdings' SPH Media Fund.

Fosun Group led a $14.7m round that came just two months after Alibaba invested $50m in the data centre and cloud computing services provider.

The information and communications equipment maker is investing more than $45m in a corporate venturing fund that will target robotics, fintech and the internet of things.

The insurer's $1bn Global Voyager Fund will look to invest between $10m and $30m in international financial technology developers as its parent aims to grow into a data business.

The internet company will leverage the expertise of Venture Reality Fund to make investments in virtual and augmented technology developers.

The carmaker has spread an eight-figure sum across Israel-based venture capital funds run by Magma Venture Partners and Grove Ventures.

Conglomerate Neoglory Holdings has led a series B round for work and living space provider Coming Space, which intends to expand globally from its Chinese base.