Transport

Ping An, Tencent and Alibaba all contributed to the round, raised at a $15bn valuation, which will help the China-based ride sharing service fend off Uber.

Renren has taken part in a series A round raised by trucking information app developer Trucker Path, which has just launched an online shipping marketplace.

SoftBank, which invested $250m in the ride sharing service in December, is reportedly among the investors in a series E round being raised at a $1.5bn valuation.

The General Motors, Mitsui and Exelon-backed electric bus manufacturer has increased its total debt and equity financing to more than $200m.

The chauffeur service, which operates in 60 Chinese cities, has raised $125m from partner CAR and a further $125m from Legend Holdings and Warburg Pincus.

The commercial vehicle hire service intends to use Business Growth Fund's investment to almost triple the size of its fleet.

Flipkart reportedly invested in the online logistics platform in order to support its own upcoming hyperlocal delivery service.

The Weibo, Tencent and Alibaba-backed ride sharing company, the largest in China by market share, is set to raise the funding at a $15bn post-money valuation.

Automatic Labs has raised $24m in series B funding from backers including Comcast, CDK Global, with which it formed a strategic partnership, and USAA.