Consumer

Existing investor Kunlun Tech has provided $27m for the round, which the instalment buying platform is raising as it gets ready for a flotation in China.

Travel agency UTour has led a fourth funding round for the Alibaba-backed travel and tourism website by purchasing both new and existing shares.

Liquor Easy offers express delivery of alcoholic drinks to consumers and will use the cash to expand further across China.

Luxury goods company LVMH has joined Groupe Arnault and Catterton, two firms it already backs, to set up a private equity firm focused on the consumer sector.

Pejman Mar Ventures' University of California, Berkeley competition awards $250,000 to Dotdashpay and creates two new prizes for Tinkering Labs and Thera.

Technologies that are changing the world and the 2015 venture-backed deals that showcase their potential - today genome editing and quantum computing.

Joyoung has invested $30m in fresh produce e-commerce company Benlai Life and now holds a minority stake of approximately 3.8%.

The rural-focused e-commerce logistics company has followed a series A round reportedly backed by Xiaomi with $77m of cash from investors including Huaxia Life Insurance.