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.

The financial services firm has approved four companies to join its regulatory sandbox, enabling the businesses to launch their financial services.

An unnamed Chinese e-commerce company, reportedly Alibaba or JD.com, has taken part in a series A round for autonomous driving technology developer AI-Drive.

Shansong Express, which closed a $50m series C round in February, has raised a $50m series C+ round co-led by Hualian, while Hearst Communications also participated.

The conglomerate is targeting investments totalling $100m in India-based businesses by the end of the year.