Transport

Tencent has supplied $29.8m for ChinaRoad, developer of a parking app that has collected 50 million users.

MIT has put $35m into The Engine's second fund – up from its $25m commitment to the first fund – and has been joined by Harvard as a new LP.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The in-car electronics technology provider closed a series A round led by strategic partner Baidu that also featured SIG Asia.

The automotive e-commerce platform, which counts SoftBank as an early investor, has increased its overall funding to $350m.

The Microsoft-backed driverless car training platform was valued at $1.25bn in a round co-led by VC firms Andreessen Horowitz, Lux Capital and General Catalyst.

Sungwoo Hitech and Kyocera returned to supply series B funding for AdaSky, a creator of thermal imaging technology for driver safety.

Alibaba´s financial subsidiary Ant has received approval from regulators which will allow a dual listing on the Shanghai and Hong Kong stock exchanges and enable it to raise up to $35bn at a reported valuation of $250bn.

Airtel led an eight-figure dollar round for the Chinese automotive supply chain platform that included investment firm Zhaohui Capital.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The Tencent and Didi-backed online automotive marketplace, which was valued at $1.7bn just two years ago, could sell its major assets for next to nothing.