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.

Varsha Tagare to be promoted to head of Qualcomm Ventures India and its $50m fund.

The internet company has joined forces with private equity firm Oriental Fortune Capital to launch a fund aimed at the entertainment sector, reaching a first, oversubscribed close at $73m.

SF Holding and UPS Parcel Delivery Service have agreed to set up a joint venture called Global Connect Holding and supported with $10m in capital.