Sectors

The image recognition technology provider backed by Alibaba, Dalian Wanda, Suning and Qualcomm, reportedly expects to raise the cash at a $10bn valuation.

The electric vehicle producer is adding $300m to an initial $500m in series C-plus funding as the Alibaba, Foxconn, UCar and Xiaomi-backed company gears up for a US listing.

Bertelsmann, Joyy and Tencent-backed group buying platform Tongcheng Life has joined forces with Suning-backed peer Lininlyi in a deal that involved a nine-figure dollar investment.

The SoftBank-backed automotive e-commerce company secured convertible note financing in a round co-led by Farallon Capital Management and Baupost Group.

The private equity firm will join investors in the on-demand ride service including SoftBank, Toyota, Hyundai, Kia, Qunar, Booking.com, Central Group, Yamaha, Microsoft, Didi and Ping An.

The Tunghsu, ZGC and BAIC-backed hydrogen fuel engine producer has reportedly raised at least $67m of the $193m target for its initial public offering.

The corporate-backed financial news and data provider secured $71.5m from backers including Xu Hui Guo Tou and China Internet Investment Fund.

Telecom Italia is putting up about $70m for a growth-stage fund with a $175m targeted close that will be managed by VC firm United Ventures.

UCL Technology Fund 2 has achieved a first close on the way to its $131m target, with a cornerstone investment from UCL itself.

JLL Spark returned to back a $15.9m round for the construction imaging technology developer, taking its overall funding to more than $33m.

Tidhar Construction and Innogy Ventures have both invested in the building imaging software startup, which has revealed seed and series A rounds.