The instalment finance provider, which counts several corporates as investors, almost tripled its valuation to $31bn in the round.

Great Wall Motor's automotive battery technology spinoff has raised $541m in a round co-led by Bank of China Group Investment and CMG-SDIC Fund Management.

The bicycle rental service, which was spun off by Didu Chuxing, is reportedly to close a $600m series B round alongside $400m in debt financing.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

Tencent has backed another round for the bulk grocery shopping service, which also attracted China Evergrande Group and valued Xingsheng at $6bn pre-money.

Spacecraft manufacturer SpaceX has pushed its valuation to $74bn, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

Hyperconnect is being acquired for nearly $1.73bn by the Match Group, giving an exit to SoftBank, which was one of the early investors in the company.

The share trading platform operator reportedly secured a combination of equity and debt funding to face obligations arising from the recent stock market frenzy.

The Alphabet and Roc Nation-backed share trading platform operator reportedly secured the equity funding together with up to $600m in debt financing.

AWS, CapitalG and Salesforce Ventures helped the data management software provider increase its valuation more than fourfold to $28bn.