The smart vehicle developer, backed by Tencent, Baidu, JD.com and Lenovo, has hired banks for an IPO expected to raise between $1bn and $2bn.

Bertelsmann Asia Investment was among the investors that contributed to the cross-border e-commerce platform's series C round.

Kakao's ride hailing spinoff, which is also backed by Orix, has raised almost $47m from Hong Kong Monetary Authority and two US pension funds.

The prospective deal would involve Alibaba buying out the food delivery platform's other backers, including Baidu, Tencent and JD.com, at a $9.5bn valuation.

The creative content platform, which has been Shutterstock's Chinese distributor since 2014, also counts Dell and Hearst as investors.

The travel services provider has led $10.5m round for curated tourism experience portal KKDay, taking its total funding to $22m.

Bertelsmann Asia Investments took part in a series B round that will be used to expand the apartment manager's services and develop its big data technology.

Alibaba is reportedly considering the purchase of a 10% to 12% stake in the news aggregation and publishing app at a $500m valuation.

Momo has agreed to pay $601m in cash and approximately $160m in stock, allowing YY and Bertelsmann to exit dating and meeting app Tantan.