The Xiaomi, Intel and Samsung-backed semiconductor and silicon production services provider is valued at more than $420m and is set to float in Shanghai.

The Vietnamese e-commerce platforms have reportedly agreed to merge subject to regulatory approval, having jointly raised nearly $300m from backers including SoftBank and JD.com.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The Tencent and Lenovo-backed grocery e-commerce platform has closed its latest round, shortly after reports suggesting it was lining up $500m.

Xiaomi has invested about $103m in a cash-and-shares deal that involved it increasing its stake in the power bank provider to almost 50%.

Trip.com participated in a $14m series B-plus round for the hotel management software provider through subsidiary Shanghai Kehui Investment.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Dogan Beta has signed up Yamaguchi Financial Group as a cornerstone investor for its fourth fund, which has achieved a $14m first close with multiple corporate LPs on its way to a $23.3m ceiling.

Sogou has exited online medical information provider Baikemy in an acquisition of undisclosed size by ByteDance, two years after reportedly investing.

Medical device maker Yuwell participated in a round for data security software provider Meichuang that is reportedly its fourth since 2005.