Services

Dianping and Meituan, which have raised a combined $2.6bn, announced a $15bn merger last month.

The classified listings website, spun out of eBay, is seeking a flotation on Chinese stock exchange National Equities Exchange and Quotations.

Corporate-backed venture capital firm 500 Startups has participated in another round for restaurant booking service Qraved.

The Transcosmos-backed e-commerce logistics service raised the cash in a round featuring Transfar.

Hujiang. which claims to be China's largest e-learning platform, has followed a $100m Baidu investment with a series D round featuring Wanxin Media.

9Now, the developer of a mobile app that organises restaurant bookings, secured series C funding following a $20m round last year.

Open access education platform Coursera has reached the second close of its Times Internet-backed series C round after securing a commitment by EDBI.

The construction task management app developer raised the cash in a Bloomberg Beta-backed round that was led by venture capital firm Formation 8.

Growth equity firm Acton Capital Partners has closed a $200m fund that counts publishing group Hubert Burda, from which it spun out, as an anchor investor.

The automotive repair and parts platform took its Legend-backed series C round to $150m with $50m of funding from investors including Hillhouse Capital and Qiming Ventures.