Walmart supplied the funding as part of a strategic partnership that will involve New Dada providing delivery services from the firm's Chinese stores.

Tencent and New Hope Group have invested in Doumi, a recruitment platform that is also backed by 58.com-Ganji.

E-commerce platform MatahariMall has received cash from a consortium led by Mitsui & Co, following a $500m capital injection by parent company Lippo Group last year.

Wholesale alcohol e-commerce platform Yijiupi has secured $100m in a series C round featuring Meituan-Dianping, having previously secured Bertelsmann as an investor.

FirstCry has raised funding from investors including Mahindra Group and IDG as it acquires BabyOye, itself a subsidiary of Mahindra, for $54m.

Subsidiaries of SBI Holdings, Mizuho Bank, Development Bank of Japan and Sumitomo Mitsui Financial Group took part in the robo advisor developer's latest round.

Ibibo owners Naspers and Tencent will acquire a 40% stake in the combined company as part of the all-share deal, while Ctrip will pick up 10%.

Bytedance has led a funding round for content aggregator Dailyhunt that included existing backers Sequoia Capital, Matrix Partners and Omidyar Network.