The $8.1bn firm, China Minsheng Investment, is backed by 59 Chinese companies, none of which can own a stake greater than 2%.

Education app Super Class Table has raised an undisclosed amount of series B funding in a round led by Alibaba.

Online education and training platform XSteach.com has now raised more than $32m altogether after a series B round backed by Legend Holdings.

Pharmaceutical company Novartis has acquired a 15% stake in Gamida Cell, which develops stem cell population expansion technologies, for $35m, with an option to buy it for up to $600m.

Comcast and SingTel-backed Bubbly, which had reportedly been set to liquidate only two weeks ago, has been bought by networking services company Altruist.

The latest $60m raised by AppNexus, in a round that could eventually reach nine digits, is only the latest in what is proving to be a vibrant adtech market.

IT-focused recruitment website Lagou.com has received its second investment from Bertelsmann Asia Investments this year in a $25m series B round.

The gaming company will provide the funding in an attempt to increase its Southeast Asian business as it sells its stake in Supercell to parent company SoftBank.

Online education provider Xingshuai Teach has raised $30m in series B funding in a Legend Holdings-backed round as it prepares to go public in 2016.