Impact Therapeutics will invest the cash from the Lilly Asia Ventures-backed round to further develop its lead cancer treatment candidate.

The corporate has led a $49.8m pre-series A round for Suiyuan Technology, which will use the proceeds for research and development.

The social media marketing platform is backed by HNA, Jinzi Ham and Tencent, and has reportedly raised almost $210m.

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.