Tsinghua Holdings, the investment firm backed by Tsinghua University, commits at least $7.6bn to research over the next five years and will set up a commercialisation fund.

Virtual Reality Venture Capital Alliance is helmed by HTC Vive and made up of 28 partners including Colopl and Legend Holdings with a total of $10bn in deployable capital.

The messaging service has set its range at $26.50 to $31.50 per share, potentially raising $1.1bn when it floats in Tokyo and New York next month.

The Qualcomm-backed connected device technology developer has raised $10.5m in a round led by holding company China Merchants Group.

IT services firm Wipro has invested a sum sized at under $5m in venture capital firm TLV Partners' $115m debut fund.

The online lending platform's latest round, made up of $20m in equity and $12m in debt, was led by Bertelsmann's local corporate venturing unit.

SBI Holdings has acquired a 35% stake in the corporate venturing subsidiary of ICCP Group, which plans to raise up to $100m for its next fund, for an undisclosed sum.

E-commerce company Infibeam Incorporation has agreed to provide the funding to online payment and e-commerce service Avenues India, already a strategic partner.