Conglomerate Fosun has provided $15m for connected educational toy developer Alilo, investing through its Fosun RZ Capital unit.

Xiaomi has co-led a series B round for review and self-publishing platform operator Jinying that included Fosun and SIG Asia.

Minsheng Financial Leasing has provided $150m for the online automotive marketplace, whose shareholders already include JD.com and Dongfeng Motor.

The internet company is to launch a fund sized at $200m or more that will target technologies such as AI, computer vision, voice identification and cybersecurity.

Business contacts storage platform Sansan is set to receive $17.6m from Goldman Sachs, after raising $76m from a corporate-packed investor base.

Verizon Ventures has contributed to a $12m series A round that Optibus will use to further develop its transport optimisation technology.

The property developer paid $58m for a 35% stake in Standard International and co-led Hostmaker's $15m series B round as part of six deals.

Cheetah Mobile and Legend Capital are among the investors exiting music-based social media app Musical.ly in a purchase by Bytedance.