Consumer

Tencent has reportedly led a $3bn funding round for e-commerce company Pinduoduo at a $15bn valuation, having previously backed a $110m round in 2016.

Conductive Ventures, which is solely funded by Panasonic, will focus on enterprise software and hardware companies, and has announced its first four investments.

Fonterra Ventures and Ringier Digital Ventures both took part in a $27.1m round for the nutritional product brand.

Alisports, the sports affiliate of China-based e-commerce firm Alibaba, received $190m from China Taiping Insurance, while announcing an acquisition of its own.

Following an initial $200m close two months ago, the Amazon, Amex and Comcast-backed grocery delivery company has added $150m to its series E round.

Susquehanna Growth Equity has invested $35m in OrderMyGear, which said it processed almost $200m worth of commerce last year.

The fashion marketplace has raised a total of $82m in funding after closing a series C round that featured all existing investors, including SIG and Hubert Burda.

China Taiping Insurance has backed a series A round for Alisports, the sports affiliate of Alibaba that revealed the deal at the same time as its acquisition of wearables maker Ledongli.

Following reports in February, Alibaba has confirmed it will acquire the remaining shares in Ele.me, currently owned by investors such as JD.com, Tencent and Baidu.