The logistics service, backed by Alibaba and a host of other corporates, has reportedly raised funding at a $7.7bn valuation, illustrating the effect e-commerce has had on the logistics sector.

Imperial Innovations led the round, while Consort Medical also participated as it enters into a collaboration agreement with the retinal disease treatment developer.

Qualcomm and ZopSmart both took part in a round that will support the produce sourcing platform's growth and the strengthening of its technology base.

Baidu has backed a series B round of undisclosed size for wifi service provider Exands, which now plans to expand internationally.

Sinclair Broadcasting and Horizon Media invested an undisclosed sum in mobile video technology company Burst, which had previously raised $5.5m.

The sales management software provider had previously raised more than $160m across four rounds but has not disclosed the size of its series E round.

VR technology developer USens has raised an eight-figure sum from a consortium featuring Fosun-backed fund Kinzon Capital.

Autodesk has co-led a funding round for the 3D printing technology developer, already backed by corporates Spirox, Landa and Applied Materials.