SoftBank is set to sell a big slice of its stake at a 60% profit as part of a deal that will value the India-based e-commerce company at $20bn.

Existing investor SIG Asia was among the participants as the maternal and baby clothing retailer raised $47.6m to spend on marketing and supply chain enhancement.

Ant Financial has invested an eight-figure RMB amount in electronic goods marketplace Neisha, which has now closed its series A+ round.

Sector focus: Consumer

A host of China-based corporates provided funding to smart TV maker New Leshi Smart Home, a subsidiary of LeEco.

Huitongda Network, a rural e-commerce spinout of appliance retailer Jiangsu Five Star, has received $717m in funding from Alibaba.

EDBI and Credence Partners co-led the Robert Bosch-backed flatbread appliance maker's series C round as it expands into new markets.

Sunac, Tencent, Suning and JD.com reportedly supplied $318m for the smart TV maker, an affiliate of LeEco, the rest coming in convertible debt.

The Tencent and Bertelsmann-backed social commerce platform has spoken to potential advisors and underwriters about an offering that could value it at $4bn.