The bicycle information portal, which recently expanded into custom manufacturing, raised the equity funding alongside $48m in debt financing.

The smartwatch developer will distribute the cash among promising projects that incorporate technology into watch straps.

The venture capital firm has led $15m series B rounds for portable battery charging company Zimi and headphone maker 1More.

Companies including FarEastTone Telecommunications, UDN Group, Fubon Life, Cathay Life and Phison Electronics have backed the Taiwan-based accelerator.

Second-hand designer fashion marketplace Rebelle has attracted several million euros in a funding round backed by High-Tech Gruenderfonds.

Interior decoration marketplace To8to has closed a huge series C round, $34m of which was provided by e-commerce company 58.com.

The Tencent-backed restaurant and services reviews site is set to close an $850m round, just over a year after it raised funding at a reported $2.5bn valuation.

Hedge fund Ward Ferry Management is set to invest $7.6m in the daily deals site, a week after it secured $5m from e-commerce company VIPshop.