The fund is set to target Israel-based biotech startups and, according to Globes, plans to raise between $50m and $100m.

Ping An Ventures led the social e-commerce company's latest round, and it has now raised more than $410m in total from investors also including IDG and Bertelsmann.

IDG Capital Partners and FXiaoke are teaming up for a fund that will invest in early-stage China-based sharing economy software developers.

The China-based corporates will invest across the healthcare industry in order to build a diversified ecosystem in the sector.

Alibaba's financial services affiliate will own a 60.8% stake in finance information company Shumi, also backed by Hundsun, through the deal.

The language learning platform, backed by Alibaba and CyberAgent, raised the money at a $1bn valuation and intends to expand into other on-demand services.

The $307m Taiwan Entrepreneurs Fund and $129m Entrepreneurs Fund for Hong Kong will invest in companies leveraging its technology ecosystem to develop products.

The facial recognition technology producer, backed by Legend Holdings at angel-stage, increased its series B round to $47m with an extra $25m.

Konica Minolta Digital Health Accelerator will fund Singapore-based startups operating in the digital health technology space.