The series B capital was provided by undisclosed backers, and follows a $10m series A investment by Baidu in 2014.

The hotelier acquired a 30% stake in boutique hotel operator 25hours through the deal and will now look to help it expand internationally.

Kr Space, a co-working spinout of 36Kr, has received $30m in series B funding from IDG Capital Partners and Prometheus Capital.

Emissary has launched its business intelligence platform and added $10m to a $2m seed round backed by Alphabet subsidiary GV and The New York Times.

Google Capital-backed Freshdesk has secured funding in a Sequoia Capital India and Accel Partners-backed series F round, taking its overall funding to $150m.

The amount was spread across two rounds, with corporate venture capital unit Bertelsmann Asia Investments co-leading the series D round.

Legend Star, which also took part in the education mobile app producer's angel and series A rounds, has returned to contribute to its $15m series B.

UPS, Mercedes-Benz and Yamaha are among the corporates using venture activity to assess technology in the transport space.