Transport

The SoftBank-run fund will invest an initial $900m in the GM subsidiary, with an extra $1.35bn to come when its autonomous driving technology is commercialised.

The electric bus producer, which is backed by BMW, GM, Mitsui, Edison Energy and Exelon, is raising money at a valuation of up to $840m.

Baidu, Legend Holdings and Tencent are all in line to exit the used vehicle marketplace, which plans to go public in the US.

Daimler invested $100m to lead the ride hailing service's latest round, which included Didi Chuxing, valuing it at more than $1bn.

Lenovo, Tencent, Baidu and JD.com could all potentially exit the smart vehicle developer, which has confidentially filed for a US offering.

BMW Financial Services US Collaboration Lab is the third partnership between L Marks and BMW, and marks the former's first US initiative.

Existing investors in the on-demand ride provider include Didi Chuxing, Rakuten, Saudi Telecom, Al Tayyar and Daimler.

Automotive e-commerce marketplace Frontier Car Group has received the series C funding just weeks after announcing its last round.

Coatue Management, Altimeter Capital and TPG are reportedly among the investors involved in the round, allowing employees of corporate-backed Uber to sell shares.