Private car hailing service Yitu8 followed its March seed funding with a round led by refrigeration and air conditioning component maker Sanhua Holdings.

The firm's Jio Digital India Startup Fund is being launched in conjunction with its forthcoming 4G network, and the money is set to be invested in the next five years.

Xenodata, the developer of a financial data platform, won the $19,000 first prize at the demo day with stock trading platform Alpaca DB taking second.

Sinar Mas Digital Ventures returned for a funding round larger than the $12m series A closed by the Southeast Asian grocery service a year ago.

The funding, provided through a MediaTek investment unit at a $4.8bn valuation, is set to form part of a $300m round expected to include Alibaba, Fosun and Foxconn.

William Wang has been appointed managing director of the Tsinghua Technology Transfer Fund.

Xiaomi has led a series A round for Yi Technology, a manufacturer of drones and low-priced action cameras.

The CVC unit has launched a $270m tech fund and a $225m healthcare fund this year, while sister firm Hony Capital has raised a $2.2bn private equity fund.

Focus Media and China Everbright Group are teaming for a technology, media and telecommunications investment fund that will initially target $300m in fundraising.