The lidar technology startup has secured funding in a series A round co-led by Nio's corporate venturing arm and Fidelity's Eight Roads Ventures and F-Prime Capital units.

Rakuten has scored an exit from digital invoicing platform MakeLeaps after Ricoh agreed to buy the company for a reported eight-figure amount.

Guohua Life Insurance and 58 Group supplied series B funding for online insurance platform Wukongbao, adding to $15.3m in pre-series A funding in 2016.

TAL Education joined conglomerate Fosun and VC firm Shunwei Capital in a round for parenting app developer QinBaoBao sized in the eight-digit dollar range.

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Axiomatic was among the new investors in Epic Games, developer of the hugely popular Fortnite, which is now valued at almost $15bn.

Amazon, Eon and Čez Group have backed a $50m funding round for smart thermostat manufacturer Tado that nearly doubled its equity to $102m.

Bristol Myers-Squibb, Merck Group and Novo all took part in a $90m series C round for Galecto Biotech, which is commercialising research from Lund and Edinburgh universities.

Quark Venture and GF Securities have invested $1.9m in Sitka Biopharma, a spinout of University of British Columbia and Centre for Drug Research and Development.

Bristol Myers-Squibb, Merck Group and Novo all took part in a $90m series C round for Galecto Biotech that was co-led by Ysios Capital and OrbiMed.