The logistics service provider is set to float in the US in an initial public offering of up to $1bn that will give exits to Alibaba, Foxconn, Fosun and Cainiao Network.

The conglomerate has provided $11.8m for the real estate services platform and will work on a smart home offering in collaboration with the company.

The Foxconn and TCL-backed smartphone rental service is in talks to raise new funding at double the valuation at which it closed its last round in September.

The Pearson-backed company, a developer of an English language learning platform, has boosted its total funding to $16.5m.

The funeral services marketplace raised the funding in a round that included existing backer Mitsui Sumitomo Insurance Venture Capital.

SoftBank and Cainiao Network have co-led the round, which follows a $5m series A secured two years ago from ZTE and a $1m angel round in 2014.

Epic Insurance has committed capital to a $60m funding round for Decisely, a human resources platform created for small businesses.