Thailand-based Kaiskorn Bank has put up about $29m for a corporate venturing unit called Beacon Venture Capital that will target financial technology developers.

The Bertelsmann-backed dating app developer, described by some as China's answer to Tinder, increased its overall funding to $120m in a series D round.

Chinese Academy of Sciences has led a series B round through Cash Capital, while an unnamed unit of the institution entered a strategic partnership with SpeedyCloud.

Legend Capital's seventh Chinese fund reportedly hit its hard cap of $400m in April, but appears to have added another $48m since then.

MDI Ventures co-led the cloud communications technology provider's $8.15m series B round, which follows a $1.6m seed round in late 2015.

Tencent has made a strategic investment in Coocaa in exchange for a 7.7% stake, valuing the smart TV producer at $590m.

Japan will be the 10th country in which Plug and Play has set up an accelerator scheme, and Mitsubishi UFJ Financial Group will be the first corporate partner of the initiative.

Grail, the Illumina spinout backed by Bristol-Myers Squibb, Celgene, Merck & Co, Johnson & Johnson, Varian, McKesson, Amazon and Tencent, has agreed to merge with Cirina.

Yibuyongche has raised $19m in series A funding which will support its expansion within China and the deployment of 100,000 electric vehicles over the next three years.

PhiSkin has raised $17.7m in a series B round led by Legend Capital and will use the funding to expand its range of cosmetic treatment centres across China.