Alibaba, Chongqing Changan Automobile, Dongfeng Motor, FAW, Suning and Tencent have joined forces to form a $1.46bn vehicle that will invest in the on-demand ride space.

The investment firm, which counts several corporates as backers, has completed the first close for a fund with a $1.48bn target, following commitments from China Everbright Trust and two state-backed funds.

The Alibaba, Foxconn, Legend Holdings and SK Group-backed image recognition software provider is reportedly weighing up New York and Hong Kong for an $800m initial public offering.

The Xiaomi-backed online brokerage floated above its range while its other corporate investor, International Brokers, bought more than $13m of shares.

The gift card services provider is set be acquired by Pine Labs in a $110m deal, after raising more than $21m from investors including Amazon and Sistema.

The JD.com-backed office equipment leasing service has increased its overall funding to nearly $60m in a $22.3m pre-series B round.

The mobile camera developer is reportedly planning a 2020 IPO after raising $30m in a funding round backed by Suning and Xunlei.

Datagrid has lured capital from University of Tokyo's VC spinout Deep 30 as it prepares for the imminent launch of a game based on its deep learning-powered technology.

Airbnb is considering an investment in Oyo sized at $100m to $200m, which would drive the India-based company's international expansion efforts.

Smith & Nephew and Johnson & Johnson have exited the shoulder implant developer in an all-cash acquisition by Stryker that could reach $220m.