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.

The urban transit app developer has secured $50m in an Intel Capital-led round featuring Hanaco, BMW iVentures and Nokia Growth Partners.

Alibaba invested $857m for a 15% share of the furniture retailer as part of the round, which included Taikang Insurance.

The Qualcomm and American Express-backed consumer engagement platform has raised cash from existing investors including Warburg Pincus and Sequoia Capital.

Orange Digital Ventures, General Electric and Deutsche Telekom all took part as the Ben-Gurion University spinout added to its $7m series A.