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Ant Financial becomes a minority shareholder of Hong Kong-based dining guide platform OpenRice.

Behind the scenes of the yet-to-close Ofo-Alibaba deal.

Plus, Uber Singapore and ComfortDelGro (CDG) launched their low-cost ride-hailing service UberFLASH. Xiaomi and Shunwei Capital invested in Indian social networking platform ShareChat.

Plus, Didi launched its bike rental platform in Beijing and Shenzhen. Polling company SurveyMonkey is preparing to go public later this year.

It appears to be expanding into SE Asia with a potential IPO plan said to be resurfacing.

Plus, Tencent-backed video site Kuaishou seeks US$17 billion valuation. YouTube will impose stricter criteria for the types of videos that can earn money on the site.

China’s top bike-sharing startup appears to be undergoing cash woes.

Gobi Partners has raised nine funds to date, and has invested in over 170 portfolio companies across China and ASEAN.

Plus, Money Forward made a significant investment in Jakarta-based startup Sleekr. CrytoKitties has closed a $70 million Series A round.

Huami, the world’s No.1 wearable device company backed by Xiaomi, is likely to get listed before Xiaomi.