UBtech has achieved a $5bn valuation after raising $820m in Tencent-led series C round that included fellow corporates Telstra and Haier.

Milk tea chain Heytea has received just over $63m from Meituan Dianping as it looks to more than double its number of branches this year.

The recommendation-based e-commerce platform is already backed by Tencent and plans to raise $200m or more at a $2.5bn+ valuation.

Goldman Sachs Private Capital Investing led a round that boosted SoftBank, Telstra and Amex-backed BigCommerce's overall funding to $219m.

The beauty retailer added $11.2m to a round now sized at $25.5m, on the heels of 2016 investments from Max Group and TCL.

The government-owned Scottish Investment Bank has returned to pour more funding into Strathclyde mycoprotein spinout 3F Bio.