Total Energy Ventures will invest approximately $48m in the new energy fund as one of its three anchor partners, on the way to a $239m close.

The Cronus Bike-backed bicycle sharing service is set to declare bankruptcy, leaving both investors and users out of pocket.

Hua Medicine raised the funding in series D and E rounds, with the investors including WuXi AppTec, Ping An, Eight Roads and F-Prime Capital Partners.

Tencent and Baidu-backed trucking services platform Manbang Group is seeking between $500m and $1bn at a valuation of about $5bn.

A fund affiliated with payment processor Lakala has invested in IT and office equipment supplier Edianzu in a round that took its total funding to almost $80m.

The Tencent-backed online cosmetic surgery marketplace has added an undisclosed nine-figure renminbi sum to the $60m it raised in January.

Uber will acquire a 27.5% stake in Grab as part of a deal where the latter will get its local operations, as a small number of players tighten control of the sector worldwide.

The personal finance management app developer has filed for an initial public offering in Hong Kong, with InTime, JD.com and SIG in line for exits.

Reliance Industries has agreed to merge its digital music platform, JioMusic, with streaming service Saavn, investing up to $100m in the combined business.