Xiaopeng has raised capital in a round co-led by Alibaba, Foxconn and IDG Capital as it gears up to launch its electric sports utility vehicle.

Chinese media reports state the Tencent-backed bicycle rental service has secured $1bn in funding from undiclosed investors.

SoftBank is considering investing in insurance marketplace PolicyBazaar, which already counts Intel as a backer, at an $800m valuation.

Cloud human resources management platform SmartHR has secured $13.8m in a Nissen and Tokio Marine & Nichido-backed round.

The photo, video and livestreaming platform is readying a $1bn round led by Tencent that will value it at $18bn in advance of a flotation later this year.

Canada Pension Plan Investment Board has bought secondary shares in the renewable energy developer, which is backed by corporate JV Jera.

The spinout-focused fund could invest up to $9.2m in companies, with a focus on automated driving, artificial intelligence and healthcare.

99.co has picked up Indonesia-based property listings portal UrbanIndo to expand in Southeast Asia, allowing Gree Ventures to exit.