Services

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

Bertelsmann Asia Investments has backed a series C+ round that followed an initial series C backed by Tencent.

Zhongnan has contributed to the series B1 round, having previously backed a series A, as co-working spaces provider Mixpace prepares to expand into additional cities.

SoftBank is putting $400m into Paytm Mall, while Alibaba is providing the remaining $45m, with the total amount falling short of the $500m to $600m the company was reportedly seeking.

The file storage cloud platform Dropbox floated above the original range it had set in an oversubscribed IPO which valued it at over $8bn.

Recruitment portal Seek co-led a $6.1m round that included existing backer AMP, with the capital to go to hiring and research and development.

A Giant Interactive fund took part in the Ocean Link-led round, which increased the co-working space provider's overall funding to about $70m.

Tencent and Baidu-backed trucking services platform Manbang Group is seeking between $500m and $1bn at a valuation of about $5bn.

Uber will acquire a 27.5% stake in Grab as part of a deal where the latter will get its local operations, as a small number of players tighten control of the sector worldwide.