The wearables product maker, which counts Deutsche Telekom among its investors, raised the cash from BlackRock and has inked a joint development deal with Amex.

Flash sale e-commerce company Fanli has received up to $100m in series C funding from Rakuten in a deal that values it at $1bn.

E-commerce company Souq.com is set to raise a $300m round from investors including Naspers at a $1bn valuation to support expansion.

Rocket Internet was among the investors in the food delivery service, which promises its customers food from local partner restaurants in an hour or less.

The virtual-reality headset maker attracted funding from a range of corporates including Huayi Brothers, Tianyin and Aisidi.

The Hubert Burda-backed craft marketplace will float at the top of its range in an initial public offering that values it at roughly $1.8bn.

Premium goods e-commerce company Luxa has been acquired by KDDI after securing venture funding from it in 2013 and 2014.

Grocery e-commerce company ZopNow has raised $10m in a series A round featuring returning investors Qualcomm Ventures and Times Internet.