Existing investor Alibaba is reportedly set to join financial services affiliate Ant Financial to reinvest in Didi Chuxing, likely as part of a $3bn round.

Online fresh produce seller Benlai Life has closed $117m in funding, $30m of which came from kitchen appliance producer Joyoung in December 2015.

Priceline has acqui-hired app prototyping tool developer Woomoo for an undisclosed amount, giving an exit to internet company Avos.

Weidai, a Hakim-backed peer-to-peer lending service that uses vehicles as collateral, has secured funding from investors including Dong Yi Ri Sheng Home Decoration.

Internet company VNG has purchased a 38% stake in e-commerce company Tiki, already backed by CyberAgent and Sumitomo, in return for a $16.7m cash injection.

The corporate-backed venture firm plans to invest in up to 25 startups through Digital Consumer Innovators Program this year, providing up to $5m at a time.

The on-demand auto rickshaw service, which has already raised $16m from investors including Paytm, plans to raise between $50m and $100m in its next round.

Fosun-backed venture capital firm Kinzon Capital has lost three members of its upper management team as it prepares to launch a fund aimed at Southeast Asia.

US-based DeVry joined Kaizen Management for the education provider's latest round, allowing earlier investor Accel to exit.