The iQiyi spinoff, which was formed with Super Sports Media last month, has secured series A funding at a $490m valuation.

Didi Chuxing and Ant Financial are said to be close to reinvesting in Ofo following reports last month they were discussing a $2bn acquisition.

Gumi has returned for a third funding round in virtual talent management firm Activ8.

Baidu has established a new subsidiary to focus on blockchain technologies and supplied $7.3m to the business through another subsidiary, Dinglu Zhongyuan Technology.

FinUp Financial Technology has led a reported $15m series A round for online lender SlicePay.

Alibaba and Sunshine Insurance Group have contributed to a series F round for Souche, which also revealed its acquisition of Iyunche and Breakthrough.

Daun Penh Cambodia Group and Sistema Asia Fund were among the investors in a $35m series C round for online pharmacy NetMeds.

American Express-backed payment services provider Lianlian has raised $146m from Sequoia Capital and Boyu Capital.