Alibaba, Chongqing Changan Automobile, Dongfeng Motor, FAW, Suning and Tencent have joined forces to form a $1.46bn vehicle that will invest in the on-demand ride space.

The industry-focused VC vehicle is targeting $10m to make seed investments in companies including spinouts across technologies including robotics, internet-of-things and electronics.

The investment firm, which counts several corporates as backers, has completed the first close for a fund with a $1.48bn target, following commitments from China Everbright Trust and two state-backed funds.

Valor Siren Ventures I has signed up Starbucks as a cornerstone investor as it seeks to close its fund at $400m to back food and retail technology developers.

OSF Ventures, OSF Healthcare's corporate venturing unit, has backed healthcare-focused VC firm LRVHealth's fourth fund, which had set a $100m target for close.

Subsidiaries of True Corporation and Line are among the founders that have provided $22.7m in capital for a private equity fund that will invest in gaming technology startups.

The enterprise technology accelerator operator has amassed $51m for its debut fund, from limited partners including Vinci Energies, Crédit Agricole and BNP Paribas.

Hanwha's investment management arm has joined VC firm Golden Gate Ventures for a series B-stage fund that has already raised $80m.

Line's corporate venturing unit, Line Ventures, will invest $20m through its ScaleUp post-accelerator, which targets Thailand-based startups.

BCG Digital founder Jeff Schumacher has formed a decentralised technology investment vehicle that also counts ex-GM Ventures partner Jason Nolte as a founder.