Baidu-backed Zongheng Literature has received more cash from Perfect World in a funding round that reportedly brought in $116m.

Tencent, an existing shareholder in edtech provider Yuanfudao, has returned for a $120m funding round led by Warburg Pincus.

The online gaming developer, backed by CyberAgent, has signed a preliminary agreement to float on the US stock exchange.

The two co-working space operators will each receive an equal share of the investment provided by Beijing Xingpai Group.

The co-working spaces provider has collected capital from a consortium featuring Wecash.

WuXi AppTec took part in a round that Canbridge Life Sciences will put toward clinical trials of two cancer immunotherapies for use in its home country of China.

STV will invest about $100m per year in areas like artificial intelligence, virtual reality, banking, logistics and digital health from the fourth quarter of this year.