JD.com's financial services spinoff has raised at least $1.95bn at a reported $18bn valuation from backers including Bank of China and CICC.

The JD.com, Xiaomi, InTime and SIG-backed personal finance product provider is set to price its shares at the bottom of the IPO's range.

Crowdfunded investment platform Republic has secured funding in a round co-led by Binance's venture capital and incubator arm.

The online lending marketplace, which counts Alibaba, Tom Group, Nan Fung, ING and Ule as investors, was previously reported to be targeting $500m.

The specialist insurance network has received $19.8m in a CommerzVentures-led round backed by Marsh and Munich Re/HSB Ventures.

A stock exchange filing has revealed Info Edge and Temasek have invested $27.7m in the company, perhaps as part of its recent series F round.

The undisclosed controlling shareholder of appliance maker Wanjiale has supplied SoftBank-backed business lending platform Furongbao with funding.

Liberty Mutual Strategic Ventures has led a $7.3m round for insurance risk technology provider Rein, which released a drone insurance product last month.

Existing investor Tencent and BCA's Central Capital Ventura unit took part in a series B round that will fund international growth.