Fangsiling, backed by Baidu, Fengjr and 5i5j.com, operates a platform that enables tenants to pay deposits in instalments and offers flexibility for collecting monthly rent.

Shuanglu Pharma-backed CF PharmTech has raised $65m in a series D round led by fund managed by China state-owned State Development & Investment Corporation.

Alibaba has contributed to a $152m funding round for cloud computing company Qiniuyun with a view of strengthening its own cloud offering.

Baidu has sold its food delivery service Waimai to food delivery company Ele.me for a reported $800m, retaining a small stake in the venture.

He had been in charge of DeNA's investment in US market since April 2014 after a year in San Francisco, California, as a senior director.

The personal finance app developer has received approval for a Tokyo IPO that will give exits to corporates including Credit Saison, GMO and Mitsui Sumitomo Insurance.

China Life will invest as much as $800m and Baidu $200m, in a fund formed by the China-based corporates to make mid and late-stage investments in internet-focused companies.

On-demand ride service Go-Jek has followed a reported seven-figure investment from Tencent with $100m from JD.com as part of a round set to be sized at about $1bn.

The underwater drone developer, a spinout of University of Tsukuba, raised the funding in a Beyond Next Ventures-led round that included several corporates.