SoftBank is putting $400m into Paytm Mall, while Alibaba is providing the remaining $45m, with the total amount falling short of the $500m to $600m the company was reportedly seeking.

Recruitment portal Seek co-led a $6.1m round that included existing backer AMP, with the capital to go to hiring and research and development.

A Giant Interactive fund took part in the Ocean Link-led round, which increased the co-working space provider's overall funding to about $70m.

Tencent and Baidu-backed trucking services platform Manbang Group is seeking between $500m and $1bn at a valuation of about $5bn.

The local services platform is exploring an IPO in Hong Kong at a $60bn valuation, setting up Tencent, Priceline, Xiaomi, Fosun and Wanda for exits.

Randstad Innovation Fund and Gradient Ventures are among the investors in the recruitment automation platform, which has just emerged from stealth.

Existing backer SoftBank and two new investors are reportedly in discussions to invest between $500m and $800m in the budget accommodation provider.