Consumer

A host of China-based corporates provided funding to smart TV maker New Leshi Smart Home, a subsidiary of LeEco.

Huitongda Network, a rural e-commerce spinout of appliance retailer Jiangsu Five Star, has received $717m in funding from Alibaba.

EDBI and Credence Partners co-led the Robert Bosch-backed flatbread appliance maker's series C round as it expands into new markets.

Sunac, Tencent, Suning and JD.com reportedly supplied $318m for the smart TV maker, an affiliate of LeEco, the rest coming in convertible debt.

The Tencent and Bertelsmann-backed social commerce platform has spoken to potential advisors and underwriters about an offering that could value it at $4bn.

Tencent led a $3bn funding round raised by e-commerce platform Pinduoduo at a $15bn valuation.

Tencent has reportedly led a $3bn funding round for e-commerce company Pinduoduo at a $15bn valuation, having previously backed a $110m round in 2016.

Conductive Ventures, which is solely funded by Panasonic, will focus on enterprise software and hardware companies, and has announced its first four investments.

Fonterra Ventures and Ringier Digital Ventures both took part in a $27.1m round for the nutritional product brand.

Alisports, the sports affiliate of China-based e-commerce firm Alibaba, received $190m from China Taiping Insurance, while announcing an acquisition of its own.