A Baidu subsidiary will take an 11% stake in Skyworth's smart TV spinout, which also counts Tencent and iQiyi as backers, after buying primary and secondary shares.

Talks between the companies are reportedly at a critical stage and could involve Walmart buying shares from corporate investor SoftBank at a $20bn valuation.

Khosla Ventures has led the Comcast-backed smart mattress producer's series B round, increasing its overall funding to $27m.

GV has led a series C round for activewear producer Outdoor Voices, which will use the funding to grow its chain of brick-and-mortar stores.

T. Rowe Price, which previously led the eyewear retailer's $100m round in 2015, has returned to lead a round that took its total funding to $290m.

Blue Pool Capital, an investment vehicle for two Alibaba co-founders, has increased the Advance Publications-backed company's total funding to $210m.

Baidu is now the widescreen projector maker's largest external shareholder, having returned for a round that follows its initial investment last year.

The publicly-listed fast food retailer has committed almost $80m to a consumer and retail-focused fund that will be managed by Tiantu Capital.

Singha Ventures will invest in areas such as consumer products, retail, logistics, enterprise healthcare and renewable energy as well as other funds.

Allegion Ventures will invest between $250,000 and $5m in physical security technology developers on behalf of its parent company.