Chernin Group and KKR have jointly set up Emerald Media, which will back entertainment companies in Asia.

Dianping and Meituan, which have raised a combined $2.6bn, announced a $15bn merger last month.

The classified listings website, spun out of eBay, is seeking a flotation on Chinese stock exchange National Equities Exchange and Quotations.

Corporate-backed venture capital firm 500 Startups has participated in another round for restaurant booking service Qraved.

China Media Capital has attracted Alibaba and Tencent as investors for its $1.6bn CMC Holdings fund.

The Transcosmos-backed e-commerce logistics service raised the cash in a round featuring Transfar.

MabSpace is developing antibody-based treatments to fight off tumours that are resistant to immune system-based therapies.

The women's advertising network secured the cash in a round backed by strategic partners iStyle, Excite Japan and Tokyo Broadcasting System.

Hujiang. which claims to be China's largest e-learning platform, has followed a $100m Baidu investment with a series D round featuring Wanxin Media.

9Now, the developer of a mobile app that organises restaurant bookings, secured series C funding following a $20m round last year.