Weibo reportedly provided $120m of the funding for the livestreaming and short-form video app developer, having contributed to its $200m round a year ago.

The daily fantasy sports companies, backed by several media groups, professional sports leagues and teams, are set to merge.

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New strategic partner Fosun led the round, announced this by baby and child social e-commerce platform Babytree but closed in July.

The photo modification app owner had targeted a $5bn valuation for an initial public offering that would grant exits to Sina Weibo, Foxconn and IDG Capital Partners.

The connected indoor cycling game developer boosted its overall funding to $45m in a series A round backed by bicycle parts provider and existing investor Samchuly.

The media group could be sold for between $500m and $1bn to a Chinese consortium headed by the founder of its Chinese venture capital affiliate.

The Snapchat operator has confidentially filed for an initial public offering that will allow Alibaba, Tencent and Yahoo to exit, and it will be valued at between $20bn and $25bn.

Mandalay Sports Media was among the investors in a series A round for sports media networking platform Greenfly that included digital advertising agency R/GA.