The online media company will acquire a 70% stake in car sharing service Yongche, which is backed by Qualcomm, Ctrip and Baidu.

Taofu Chengzhen, which has been trialled for the past six months, is a joint venture between Foxconn and Alibaba's cloud computing subsidiary.

The Yuekeung Winery-backed alcohol e-commerce company, which has raised about $225m in funding, has had a Chinese IPO approved.

The deal, which includes capital and resources, will allow the users of Sina's Weibo microblogging platform to make calls using Uxin Internet's free service.

IDG, Fosun and LineKong have taken part in a funding round for Fuze, which is developing a game console that will serve the Chinese market.

The company has created a folding electric bike and will use the capital to support a full launch of the product.

SoftBank led the cybersecurity company's latest round with a $50m investment, made as part of a strategic partnership agreement.

The pharmaceutical firm is following a $35m investment in Gamida Cell last year with up to $15m of cash over the next two years.

TAL Education took a 32% stake in Phoenix, the operator of China's most widely used e-learning platform, through the deal.