YY.com, an online entertainment portal backed by Disney's corporate venturing unit, is planning to file for an IPO next year, expected to raise up to $200m, according to reports from China.

Newly formed partnership company 6waves Lolapps has acquired gaming studio Smartron5.

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The group buying website, backed by Reinet Investments, an investment company which span off from luxury goods group Richemont, and daily deals company Rebate Networks, files for an IPO set to raise up to $100m.

YPX Cayman Holdings, which runs the Chinese fast food chain Cloud 9, has raised $20m in financing from investors including Mitsui Global Investment.

The internet company has paid $31.8m for an 8% stake in media group ChinaVision, which has itself acquired the China Entertainment Media Group.

The mobile communications analysis software firm NeuString has pulled in a second round of funding led by Intel Capital.

The digital marketing measurement firm has raised $20m in its series B round, gaining financing from investors including media communication company WPP.

The internet giant has reportedly been linked to an investment in social networking site Kaixin, thought to be about $100m.