Jabong is valued at $500m to $800m for the talks, after it was previously reported to be in talks with Amazon for a deal worth $1.2bn.

Sports team management tool provider TeamSnap previously secured funds from media company Torstar.

The food subscription service has increased its total funding to nearly $280m.

The food delivery service has received funds from Sinar Mas as well as corporate-backed Beenext and 500 Startups.

Online-to-offline platform Zhai.me, which targets the student population, has welcomed back Bertelsmann and added Meituan to its list of corporate backers.

The venture capital firm has launched a fund aimed at early-stage startups in China, and has attracted home textile producer Luolai as a limited partner.