Alibaba's financial services spinoff, which counts China Life and China Post as investors, has reportedly set a target for a dual offering that would be the largest in history.

Biocon's biosimilar subsidiary is valued at $3.5bn in the deal, which will involve Tata Capital acquiring a stake sized at under 1%.

Nestlé is the main backer of the consumer investment firm's latest fund, which has a $150m target for its final close.

Business-to-business petroleum marketplace Nengyuanhui has now raised more than $29m in total, with 51zhaoyou backing a round sized at about $14m.

The Tsinghua University-backed hydrogen fuel engine producer has reportedly raised at least $67m of the $193m target for its initial public offering.

Cash Capital portfolio company Standard Robots has secured fresh funds to enter new markets with its logistics robot offering.

The image recognition technology provider backed by Alibaba, Dalian Wanda, Suning and Qualcomm, reportedly expects to raise the cash at a $10bn valuation.

The electric vehicle producer is adding $300m to an initial $500m in series C-plus funding as the Alibaba, Foxconn, UCar and Xiaomi-backed company gears up for a US listing.

Bertelsmann, Joyy and Tencent-backed group buying platform Tongcheng Life has joined forces with Suning-backed peer Lininlyi in a deal that involved a nine-figure dollar investment.

The private equity firm will join investors in the on-demand ride service including SoftBank, Toyota, Hyundai, Kia, Qunar, Booking.com, Central Group, Yamaha, Microsoft, Didi and Ping An.