Consumer

China's largest ride hailing company has invested an undisclosed sum in food ordering platform Ele.me, and the two are set to form a strategic partnership.

The e-commerce company is in talks with mapping data provider MapmyIndia at the same time as it seeks out a new head of corporate development.

The comparison-based e-commerce platform has closed its second Mitsui-backed round of the year, boosting its overall funding to more than $100m.

Weying, owner of ticketing platform Wepiao and the manager of two entertainment funds, has confirmed the Tencent and Wanda-backed round.

Alibaba and Alphabet were among the investors in the round, which was raised at a $1bn pre-money valuation with verbal commitments for a further $150m.

Alibaba reportedly holds a stake in the newly merged listings and e-commerce platform sized in the high single digits, and is opting to focus on its own Koubei service.

Ping An Ventures led the social e-commerce company's latest round, and it has now raised more than $410m in total from investors also including IDG and Bertelsmann.

The fashion subscription service has now raised more than $27m, closing a Simon Property-backed series B round less than a year after its series A.

The gaming hardware manufacturer is readying a corporate venturing unit that will fund startups while also offering strategic support.

The smart apparel developer has now raised more than $51m altogether, securing funding from backers including apparel producer Mas Holdings.