Joyoung has invested $30m in fresh produce e-commerce company Benlai Life and now holds a minority stake of approximately 3.8%.

The rural-focused e-commerce logistics company has followed a series A round reportedly backed by Xiaomi with $77m of cash from investors including Huaxia Life Insurance.

Alibaba is set to become food delivery platform Ele.me's largest shareholder in a deal that will value the company at just over $4.5bn.

Neoness, which operates a gym chain across Paris and other French cities, has raised $27.4m from Tikehau subsidiary Salvepar.

PepperTap has acquired Times Internet-backed JiffStore as it secured a $4m extension for its own, corporate-backed series B round.

The Stanford-StartX Fund backs flying camera maker Lily in its $14m series A round.

The newly merged group buying company, named China Internet Plus Group, has raised $2.8bn from backers including Tencent at an $18bn post-money valuation.

The ticketing platform has now raised $43m in total, after Access followed up a contribution to a $16m round in June by investing a further $10m.