Transport

Automotive parts supplier Valeo has backed the Cathay Capital-formed Sino French Innovation Fund, which aims to raise about $280m before close.

Baidu followed up its $600m in Uber by participating in a $1bn fundraising for Uber China, which could be set to spin out in an initial public offering.

Internet company Tencent led an extension of undisclosed size for China-based trucking logistics platform Huochebang.

The company, backed by Google and Autodesk, is the first 3D printing technology developer to raise a nine-figure round, and could herald the next stage in the sector's evolution.

Tata, which sponsors the fund, has joined an investor base that as of earlier thus month also includes another India-based conglomerate, Times Group.

China-based Didi Kuaidi is the surprise investor in its Southeast Asian counterpart, which reports last week suggested was set to raise $400m.

The SoftBank-backed ride sharing company has now raised $740m in under two years, and will use the cash to fund an expansion push in Southeast Asia.

Jay Onda has moved from Docomo Capital, where he served as principal, to Yamaha in order to take up a senior position at its corporate venturing division.

Tuhu, a platform that enables users to book car service appointments and purchase replacement parts, raised cash in a Legend-backed round in July last year.

Tencent invested in the used car marketplace at a $500m valuation, more than three times that at which it raised series B funding less than a year ago.