By Crystal Tse
Pactera plans to use the proceeds to fund bolt-on acquisitions ahead of a listing of the enlarged company.
The company’s post-money valuation is now close to $1 billion, its founder said.
Alibaba plans to set up research labs in China, US, Russia, Israel and Singapore.
China is Starbucks’ second-largest and fastest-growing market.
Tongdun plans to use the latest financing proceeds towards research and development, and to expand business.
Piston currently holds 15 per cent share in the household air-conditioner compressor component market
Whitbread said it would pay 35 million pounds ($46 million)for the stake.
U.S. first-time share sales from Chinese companies have already raised $1.3 billion this year.
Luo, 34, founder of Qudian Inc., owns a fifth of the company, which aims to raise $825 million in US IPO.
Ctrip.com and All-Stars Investment led a round that valued the company at more than $1.5 billion.