Financial

The online finance platform, which has raised almost $1.6bn from investors including Renren and SoftBank, is looking to close the funding in the next few weeks.

Garena has added funding from SeaTown, Global Digital Prima Venture and Mistletoe to more than $500m previously raised from backers including Tencent.

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.

Xenodata, the developer of a financial data platform, won the $19,000 first prize at the demo day with stock trading platform Alpaca DB taking second.

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.

Net1 has made a strategic investment in mobile payment firm MobiKwik, pushing the digital wallet provider's total funding to approximately $120m.

Paytm owner One97 Communications is set to raise the funding at a $5bn valuation with contributions from MediaTek, Alibaba, Ant Financial and possibly Fosun.

Kaloyan Andonov of GCV Analytics, and James Mawson, Global Corporate Venturing's founder and editor-in-chief, review the latest deals for a core subsector within cars.