The Alibaba-affiliated financial services provider is in talks with new and existing investors and is set to raise the money at a valuation of up to $60bn.

Baidu has backed a series B round of undisclosed size for wifi service provider Exands, which now plans to expand internationally.

Intel Capital, an investor since 2011, achieved an exit in a Chinese IPO, and has now exited a quarter of its 120 China-based portfolio companies.

Meitu provided the funding for the digital media company alongside an agreement to jointly explore marketing and product development.

Matthew Lee, CEO of IDG Ventures Korea for over eight years, was left the unit to launch a new entity dubbed Cognitive Investment.

The sales management software provider had previously raised more than $160m across four rounds but has not disclosed the size of its series E round.

Autodesk has co-led a funding round for the 3D printing technology developer, already backed by corporates Spirox, Landa and Applied Materials.

The Rocket Internet-backed e-commerce holding company has provided $20m to help the fashion retailer carry on running for the next year.

Jiangsu Longliqi led a $30.7m round as part of a strategic partnership with the consumer goods delivery service, which is already backed by Fosun and Bosideng.