Fosun and Alibaba-backed logistics firm Cainiao both participated in the funding, reportedly raised as Best Logistics prepares for a public listing.

Real estate firm City Developments has made a strategic investment in the short-term apartment rental platform, taking a 20% stake.

Intel-backed marketing analytics developer SmartZip has attracted $12m in debt financing led by a subsidiary of financial services firm Orix USA.

The Advance Publications-backed online brokerage has forged a place in a well-packed market and a billion-dollar valuation, showing there is still room for startups in the sector.

Property leasing services platform Cozy has completed an $8.45m round led by American Family's corporate venturing unit.

The funding, provided through a MediaTek investment unit at a $4.8bn valuation, is set to form part of a $300m round expected to include Alibaba, Fosun and Foxconn.

The Advance Publications-backed real estate platform closed the funding at a valuation of more than $1bn and has now raised $210m in total.

The CVC unit has launched a $270m tech fund and a $225m healthcare fund this year, while sister firm Hony Capital has raised a $2.2bn private equity fund.

IDG Capital Partners made its third investment in recruitment platform HunterOn, helping to double its overall funding to $60m in the process.