Cloud-based enterprise software producer Salesforce agreed to acquire Slack, the US-based publicly listed communication platform which previously counted telecoms firm SoftBank, internet conglomerate Alphabet and media group Comcast among its backers.

The appliance and electronics retailer has spun off an e-commerce and retail services arm with external funding valuing it at $3.8bn.

Walmart is leading a $700m round being raised by financial services app developer PhonePe at a $5.5bn valuation as it is spun off by Flipkart.

SAIC Motor's newly formed electric vehicle developer has launched with funding from investors also including Alibaba and Shanghai Pudong New Area.

The round could make the Alphabet, Visa, American Express and Sumitomo Mitsui Card Company-backed payment technology provider the world's second most valuable VC-backed private company.

GV is among the investors in the pharmaceutical manufacturing technology startup, which recently secured $750m in series B funding.

The truck delivery management service is now valued at almost $12bn, having raised money in a round co-led by SoftBank Vision fund and backed by Tencent.

Deutsche Telekom-backed DTCP will retain a stake in the sales software producer once Vista Equity Partners' majority investment closes.

Delivery vehicle provider Nuro has almost doubled its valuation to $5bn in a series C round featuring returning investor SoftBank Vision Fund.

SoftBank Vision Fund returned to reinvest in proximity services provider Reef, which has also launched a $300m real estate fund with fellow backer Oaktree Capital Management.