Image editing platform Meitu has exited AR selfie and video app Faceu through an acquisition by Toutiao, its third in less than four months.

Uber is said to be in talks to sell its Southeast Asian business to local player Grab in a deal that will give it a sizeable stake in the latter.

Mahindra and Mahindra led the round with a $27.3m commitment that gave it a 16% stake in the car sharing platform, valuing it at about $170m.

Walmart could buy more than 40% of the e-commerce company at a higher valuation than the $12.5bn at which SoftBank Vision Fund invested in August.

The funding comes ahead of an expected initial public offering and featured Tencent, Netmarble Games, Actozsoft and Bluehole Studio.

SBI led a Daekyo-backed round for cloud collaboration platform developer Toss Labs, whose earlier investors include Qualcomm and Softbank.

Corporates Tencent and China Life are among a range of investors participating in the round, which will fund the newly independent JD Logistics.

The e-commerce firm led rounds for Snapdeal totalling $184m in 2013 and 2014, but has written off $61m of its investment according to a financial report.

Ucommune, the corporate-backed co-working space provider formerly known as URWork, has raised $17.3m to take its overall funding to more than $470m.