The corporate has a 44% stake in growth equity fund AP Ventures, which plans to invest more than $30m in a total of five or six portfolio companies.

The Alphabet-backed online accommodation platform is reportedly speaking to investors about new funding despite the coronavirus effect.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Tencent is reportedly set to co-lead a round for online education platform Yuanfudao with an original target size of $1bn and a rumoured $7.5bn valuation.

Shanghai Jin Jiang and Legend Capital could hypothetically lose out, after a letter from SoftBank raised doubts over an agreed $3bn share tender.

Meituan Dianping's budget hotel spinoff has secured an eight-figure dollar sum, in a round co-led by Sofina Group and GGV Capital.

The Lloyds Banking subsidiary has backed e-commerce fulfilment platform developer James and James, providing $15.5m in funding.

Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Recruit was among the participants as the hospitality software producer raised funding that will go to technology development.