The music streaming platform, whose largest shareholders include Tencent and Sony Music, will list on the New York Stock Exchange.

Tencent is joining founding investor Times Internet to provide $115m for the India-based music streaming platform, which is also backed by Micromax.

Photo sharing platform 500px, which had raised $22m from investors including Visual China Group and CAA, has been acquired by the former.

The online video streaming platform is majority owned by Baidu but counts Xiaomi as its second largest investor.

The creative content platform, which has been Shutterstock's Chinese distributor since 2014, also counts Dell and Hearst as investors.

Vision Venture Partners' eSports-focused fund has raised $38m from LPs including Evolution Media, the New York Yankees and St Louis Cardinals.

Alibaba is reportedly considering the purchase of a 10% to 12% stake in the news aggregation and publishing app at a $500m valuation.