Alibaba has purchased a 10% stake in Babytree that valued the e-commerce platform at $2.2bn.

Xinhu Zhongbao has contributed to a series B round for Hyperchain Technologies, which is developing blockchain technology aimed at sectors such as healthcare and energy.

The smartphone manufacturer, which filed for a $10bn initial public offering in May, is planning to raise up to 30% of the amount in mainland China and the remainder in Hong Kong.

Hironao Kunimitsu, founder and CEO of Gumi, and Miko Matsumura, founder of virtual currency exchange Evercoin, are leading Gumi Cryptos.

Geo-Jade Petroleum has led a series D round for Caogen Touzi, which also featured a range of unnamed, existing investors.

The cryptocurrency exchange has revealed a $1bn fund that will invest in blockchain technology developers and cryptocurrency startups.

Youdian has raised $21.8m at a post-money valuation of $110m.

Acko was founded in late 2016 by Varun Dua, one of the co-founders of insurance comparison site Coverfox.

Curated e-commerce marketplace Qtrove has raised funding and ad credit from Bennett, Coleman & Co units Springboard Ventures and Brand Capital.