Alibaba spinoff Koubei could merge with another subsidiary, Ele.me, as SoftBank Vision Fund enters talks to lead a round of up to $5bn.

Chinese Academy of Sciences has taken part in a series B round for Suzhou Everbright Photonics, which manufactures high power lasers.

The corporate plans to begin talking to prospective investors next month for a fund that will invest half its capital in India.

Weru Investment co-led the space debris-tracking technology startup's latest round with Airbus Ventures.

Ofo investors Didi Chuxing and Ant Financial are exploring the possibility of a joint acquisition of the bicycle rental platform.

Sequoia China led a $17.6m round for lift advertising network Tikin Media, whose early investors reportedly include several corporates.

Alibaba, Fosun, UCar and Foxconn-backed electric car developer Xiaopeng secured $585m in series B-plus funding at a $3.7bn valuation.