Alibaba has partnered with Yunfeng Capital for a $1.22bn investment in video streaming service Youku Tudou in a deal that will enhance Alibaba's internet offerings.

The company invested in CO2Nexus, the developer of a textile cleaning system, through its $20 Million & Change corporate venturing fund.

Salesforce-backed FinancialForce.com has raised $50m in a round that will support its product, sales and marketing expansion.

Microsoft will seek to develop data visualisation and modelling through the investment.

Aerpio Therapeutics, a developer of drugs to combat vascular diseases, has raised $22m in a round featuring pharmaceutical company Novartis.

The online photo storage company, backed by Google and Tencent last year, has been bought by Dropbox alongside another startup, Hackpad.

Cisco-backed cloud software developer Parallels has further developed its strategic alliance with Ingram Micro alongside a new equity investment.

The financial planning app producer was bought from media company DMG for an undisclosed amount.

The online holiday booking service has reportedly now raised about $125m from investors also including Intel Capital.

The healthcare system provider has now raised almost $120m from investors including Google's corporate venturing unit.