Transport

Existing investors Fosun and Ant Financial contributed to the first tranche of the bicycle rental platform's series E round, four months after a $500m series D.

Tencent led a $3bn funding round raised by e-commerce platform Pinduoduo at a $15bn valuation.

The Liberty Mutual, Sumitomo and Asgent-backed automotive cybersecurity technology developer's overall funding stands at $27m.

Rolls-Royce, Boeing and existing investor BAE Systems all contributed to a $37.3m round for advanced engine developer Reaction Engines.

Go-Jek, which is in the process of raising $1.5bn in a round that will value it at $4bn, has pulled in $35m from Allianz X.

Electric vehicle developer Xiaopeng Motors intends to raise $2.7bn this year, having already secured $348m from investors including Alibaba and Foxconn in January.

Imperial College London spinout Microtech Ceramics has received capital from investment firm Kero.

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

The UMCP jet propulsion spinout has become the third company to secure the backing of University System of Maryland's Momentum Fund.