The China-based fashion brand will look to boost its offerings by investing in emerging brands and companies that can enhance its online retail channels.

Workday Ventures will fund machine learning and data analysis startups, and has revealed the identity of its first four portfolio companies.

The healthcare research services provider will contribute $50m of the capital as an anchor investor and seek to fund China and US-based portfolio companies.

The Google-backed company will use the Consumer Growth Fund to match the cash raised by selected consumer brands on its crowdfunding platform.

The agribusiness venture fund, backed by partners including Tereos, AG2R-La Mondiale and Groupama, has funded eight companies since its April 2014 formation.

The company will invest the cash in 'internet of everything' startups as part of the $1bn investment it plans to make in the next three-to-five years.

The corporate-backed private equity fund is in talks with China-based firms over financing the Chance platform, which would link them with European portfolio companies.