Services

Tencent is reportedly in line to invest $1bn in the local services platform's latest round, which will be between $3bn and $5bn in size and will value it at up to $30bn.

Thrive Capital led a $6.4m round for the employee performance management platform that follows a Slack-backed seed round last year.

Existing investor Kaplan has returned for a NewSpring Growth Capital-led round that increased the leadership course provider's total funding to more than $23m.

Goldman Sachs Investment Partners led a $25m series B round for the budget hotel chain that follows a Qualcomm Ventures-backed round in June 2016.

Recruitment software provider JazzHR has now raised $24m in four funding rounds from a consortium including Salesforce Ventures.

The Alphabet-backed language learning platform increased its total funding to $108m with a series E round led by Drive Capital that valued it at $700m.

The investment increased the Southeast Asian tourism booking platform's funding to $500m over the past year, JD.com also having provided funding.

English language learning platform developer Liulishuo has closed a Hearst Ventures-backed round that was co-led by China Media Capital and Wu Capital.

Educational app developer Byju's has raised funding from Tencent as part of a round reportedly sized at $40m that could value it at up to $800m.