Tencent has led a $100m series B round for DouyuTV, a live video platform where audiences can watch other users play video games.

The logistics service, backed by Alibaba and a host of other corporates, has reportedly raised funding at a $7.7bn valuation, illustrating the effect e-commerce has had on the logistics sector.

The e-commerce company is reportedly in talks with Alibaba and Fosun over a round that would be sized at up to $1bn, but which would also be raised at a lower valuation.

Bertelsmann India Investments led the round's $6m first tranche in January, before BigFoot, the owner of e-commerce services provider KartRocket, closed it at $8m.

The firm acquired a 23.5% stake in the employee engagement platform, which will help its Storm Flex Systems subsidiary expand into China.

Replay Technologies has been acquired by Intel for roughly $175m, days after it closed a $13.5m series A round led by Deutsche Telekom.

China-based Hubei Radio & Television Information Network is partnering Dragon Gate Investment Partners for a fund that will focus on US-based startups.