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.

Intel Capital led the cloud infrastructure technology startup's series A round, which will support product development and international sales and marketing.

China Harmony New Energy Auto Holding has spun out Independent Aftersales with $41.2m of funding, much of which came from Leaguer Auto and Aouto Investment.

Legend Capital has raised $1.1bn for its seventh US dollar-dominated fund, a month after hitting a $448m close just a month ago.

Microsoft has confirmed it has agreed to buy the Infosys-backed cloud analytics platform, for a price previously touted as up to $70m.

WEH Ventures is helmed by Deepak Gupta, who was an investment director at Intel Capital between 2010 and 2014.