Following reports in February, Alibaba has confirmed it will acquire the remaining shares in Ele.me, currently owned by investors such as JD.com, Tencent and Baidu.

Kabir Misra, one of the corporate's two representatives on Snapdeal's board of directors since early 2017, is stepping down.

The furniture retailer led SoftBank-backed home furnishing e-commerce and modelling platform 3vjia's $47.7m series B round.

The online entertainment platform, which counts Tencent and Legend Capital among its investors, priced its initial public offering in the middle of its range.

The online video streaming platform, which is majority owned by Baidu, has priced its shares in the middle of its range and will have a $14.5bn market cap.

Existing investor Legend Capital returned for an eight-figure series A round that will fund the electric bicycle sharing service's expansion.

Tencent, Kunlun, Duomi and Shunya-backed video broadcasting app Inke has filed to go public after raising some $65m in funding.

A Giant Interactive fund took part in the Ocean Link-led round, which increased the co-working space provider's overall funding to about $70m.