WeWork India, a local franchise of co-working space operator We Company that is backed by Embassy, is set to sell a 70% stake for a $1.9bn in cash and shares.

Invengo has joined Shenzhen HTI Venture Capital to launch a fund aligned with its IoT business that is initially aiming to raise about $43m on the way to a $145m targeted close.

Tencent returned for a $145m series C round, three months after leading a $74.5m series B round for the healthcare-focused crowdfunding service.

Keppel is among the limited partners in the VC firm’s Southeast Asia-focused third fund, which has achieved a $60m first close on its way to a $100m ceiling.

KDDI and SMBC have returned to back a $10m round for artisanal e-commerce platform Creema alongside fellow corporates Japan Post, Mixi, SBI and Mitsui Fudosan, almost doubling its overall funding to $21m.

The logistics subsidiary of eBay and Singapore Press Holdings-backed e-commerce marketplace Qoo10 has raised $50m to expand its operations.

The Sumitomo-backed international freight logistics platform has added series C funding, from Sequoia Capital China, Coatue Management and Source Code Capital.

Greenland Holdings invested in a $43.2m round for the Cisco and Country Garden-backed city management software provider City Cloud in connection with a strategic partnership.

The Susquehanna International Group-backed app performance management software provider received $25m in a round that took its overall funding past $80m.

New and existing investors including SoftBank are talking to the short-term accommodation platform over a round that could value it at $10bn.