Automotive manufacturer SAIC Motor led the round, reportedly investing in the used car appraisal and sales service platform together with unnamed automotive industry funds.

The mobile wallet developer, which is backed by Cisco, American Express, GMO and Mediatek, is in talks to raise funding at a valuation of about $1bn.

The fashion app developer, backed by Times Internet and Beenos, has raised $6m in funding from RB Investments and Sequoia Capital.

Fashion discovery app developer Woolpr Technologies has raised $8m in a series B round that reportedly included $3m from conglomerate Sistema's Asia Fund.

Conglomerate New Hope Group has co-founded a VC fund called Qinghan Fund to invest in media and entertainment, and Huashi Entertainment has also supplied capital.

Chemicals provider Evonik has made a strategic commitment to the China-based, agriculture and nutrition-focused Hosen Capital Fund III.