Didi Chuxing has joined the investors in Grab's forthcoming $1.5bn round, which will be led by SoftBank, and could be joined by Alibaba or Ant Financial.

A fund set up by steelmaker Shougang Group has participated in a Sequoia Capital China-led round that followed a $250m series A closed just nine months ago.

Daimler was among the investors that took part in a $150m second tranche, adding to the $350m Careem raised from backers including Rakuten and Saudi Telecom in January.

The Doosan-backed e-book distributor has raised $20m from ShinHan Finance Investment, Praxis Capital Partners and Company K Partners.

The insurance firm has co-led a $15m round for online insurance comparison platform Coverfox that valued it at between $70m and $100m.

Tekne Capital Management has invested a sub-$50m amount in the SoftBank-backed ride hailing service's latest round, which also includes RNT Capital and Falcon Edge.

Nanshan Capital has participated in a series B round for online ticket marketplace Ferris Wheel Ticketing that will support hiring, marketing and product development.

Electric vehicle rental startup Ponycar has followed a $7m Zhongzhiyuan Group-backed round in January with a $22m round co-led by smartphone maker Oppo.