CHJ Automotive-backed Yihang.ai has collected $32m in series B funding led by CICC Jiacheng Investment as it moves towards the launch of its first production model next year.

Qiming Capital and Hillhouse Capital have co-led a series C round for Eli Lilly-backed Jacobio Pharmaceuticals, which has now launched a corporate venturing arm.

Xiaomi owns nearly a fifth of Viomi Technology, a smart home appliances producer that is seeking a flotation in the US four years after being incorporated.

58.com could exit when Tubatu, a marketplace for home renovation contractors, lists on the Hong Kong Stock Exchange.

Tencent-backed smart vehicle developer Nio has set its pricing range at $6.25 to $8.25 and stands to raise $1.32bn if it floats at the top of its range.

Shansong Express has added $60m to its coffers following a series D1 round that featured return investors Hearst and SIG.

ZestMoney added a $13.4m second tranche led by Xiaomi to a round including PayU that now stands at $19.9m.