Ant Financial has acquired a 30.5% stake in Jiangsu Yonganxing Low Carbon Technology, which will take bike sharing service Youon's business model to smaller cities.

Jennifer Li, CEO of Baidu's corporate venturing arm, has stepped down as the group's chief financial officer, with Herman Yu joining from Weibo to take the role.

Returning investor Tencent chipped in to a round that increased the total raised by the online fresh produce retailer to more than $400m since it was founded in 2014.

Long-term investor Alibaba may buy up to another $150m of shares in Best Logistics in the US in a downsized initial public offering.

Ant Financial and Kunlun Tech are among the investors set to exit as the online lending platform, which has filed to go public in the US.

SoftBank will take a 5% stake in the online insurer, investing up to $550m, in an initial public offering in Hong Kong that could top $1.5bn.

Vietnam-based IT and telecom group CMC has launched a $2.2m innovation fund to help commercialise ideas from several IT-related sectors.

Daimler Trucks has led StoreDot's latest funding round, which included Samsung Ventures, as part of a strategic partnership agreement.

Zhang joined Baidu, where she held a executive director for investment role, in 2015, and will now oversee Chinese internet and technology deals at General Atlantic.