The supply chain services provider received the money from Riverhill Fund, in which e-commerce company Alibaba is the largest investor.

Tsinghua Unigroup lays out potential $23bn bid for chip maker Micron in potentially the largest acquisition of a US company by a Chinese firm ever.

Recruit invested in the specialist hiring platform through the $20m HR Technology Fund it formed in January this year.

The healthcare research services provider will contribute $50m of the capital as an anchor investor and seek to fund China and US-based portfolio companies.

LVMH subsidiary Sephora has purchased cosmetics e-commerce company Luxola, for a reported $37m, providing exits to Gree and Transcosmos.

Eyewear retailer Inmix has raised $7m in a series A round funded by IDG Capital Partners and Legend Holdings unit Legend Capital.

Foxconn plans to set up a corporate venturing fund and incubator as part of a $20bn Indian investment initiative that could also include academic research funding.

The online food ordering service is looking to raise the cash at an $800m valuation in order to split off from its parent company, internet services provider Baidu.

Shanghai Media Group and Mango TV both invested in the mobile advertising company's series B round, secured less than a year after a NetEase-funded series A.