Sinar Mas and Dian Swastatika Sentosa-backed internet service provider MyRepublic is targeting the end of 2018 for an initial public offering, its CEO has said.

Alibaba has joined bike sharing platform Ofo's investor base, co-leading a $700m round with Hony Capital and Citic Private Equity that included Didi Chuxing.

Bicycle sharing startup Hellobike has received an undisclosed amount of funding from the electric vehicle developer, three months after closing a series B round.

Aikang Group's $29.4m investment in URWork follows two rounds earlier this year that involved Junfa Group and Dahong Group, and Beijing Xingpai, respectively.

Zhaogang has secured $73m in funding from investors including a Shougang-backed fund, countering reports last year that it was gearing up for an initial public offering.

The international money transfer platform will use proceeds from the SBI-backed round to expand throughout Europe and into the US.

The corporate-backed online marketplace is reportedly holding out for $1bn, having rejected an acquisition offer of between $550m and $900m.

URWork has contributed to a $14.7m round for apartment rental portal Danke Apartment, which will use the capital to expand into three new Chinese markets.

The corporate venturing unit has launched an Israeli office that will be led by the former managing director of AOL investment unit Nautilus.