Ping An Good Doctor, an online healthcare platform backed by Ping An Insurance, is targeting a $1bn initial public offering in Hong Kong as early as the first half of 2018.

Huochebang, backed by Baidu and Tencent, is set to merge with its local peer Yunmanman in a deal that would value the combined entity at more than $2bn.

SenseTime, founded by Chinese University of Hong Kong professor Tang Xiaoou, has begun exploring an initial public offering as early as 2018.

Itochu, KDDI and SBI Holdings have all invested in the cross-border mobile commerce platform to increase its total funding to $109m.

The UAE-based conglomerate has diversified into direct VC investments, and will put half the cash into MENA-based companies.

Alibaba-backed online lending marketplace WeLab is seeking to raise up to $500m in an initial public offering on the Hong Kong Stock Exchange.

Qualcomm-backed SenseTime has begun exploring an initial public offering and will launch a US-based research and development centre as early as 2018.

Phoenix New Media has invested $57.6m in primary and secondary share purchases to hike its stake in the personalised news app to almost 47%.

Oncology drug developer Chordia Therapeutics has raised series A funding from backers including Kyoto University Innovation Capital.