Mitsui has come on board as an investor, in a round that valued the cross-border financial transfer platform at $1.6bn.

The payment platform has cancelled its IPO plans and raised $7.7m in a round backed by property developer Meydan Group.

Online fashion retailer Pomelo raised cash in a series B round featuring e-commerce firm JD.com that will be used to expand its product line.

Samsung Catalyst and SoftBank Ventures Korea added $8m to the $65m previously supplied by investors including Magna, Delphi Automotive, Delek and Naver.

Online pharmacy Netmeds has raised $14m in a round featuring Sistema Asia Fund that follows $50m in financing secured two years ago.

The Bertelsmann-backed short-term accommodation platform has received $120m in a round that valued it at $1bn or more.

The oncology diagnostics startup has approached SoftBank and Mubadala for funding, eight months after raising $900m.

The automotive e-commerce marketplace has raised $335m in a round led by Alibaba, which is now its largest external investor.

Foxconn, SK Group and Ant Financial have participated in a $460m funding round for Megvii, the facial recognition software provider also known as Face++.

The financial remittance platform, responsible for the transfer of about $4bn a year, is set to raise $115m in a PayU-led series D round.