Services

Marketing company WPP has co-launched Polestar, a China-based start-up that will help companies manager their e-commerce activities in China.

Tencent, which invested $736m in the publicly-listed online classified ad company in June, increased its share from 20% to 24% through the deal.

Computing education platform Jike has received $22m from backers including SIG's Asian subsidiary, to expand the range of courses it offers.

Qualcomm-backed property listings website Housing.com has entered talks to raise $30m from investors including Russian businessman Yuri Milner.

The online food delivery service has now raised $30m across two rounds after pulling in a series B round funded by agribusiness New Hope.

Lowe's is considering the formation of a corporate venturing unit, after leading a $27.6m series A round for home improvement network Porch.

Online travel agency Woqu has raised $20m in a series B round led by Tencent, five months after the company's official launch.

The online classified listings site has raised its second large round in six months, with corporate backers Ebay and Nokia returning to reinvest.

The China-based e-commerce company established its place at the internet's head table with an IPO set to close at $25bn, showing the value of strategic investment.