The mobile content delivery company had raised about $21m from backers including Cisco, Qualcomm and IDG, but has reportedly been acquired for less than $4m.

Alibaba is set to become food delivery platform Ele.me's largest shareholder in a deal that will value the company at just over $4.5bn.

The video streaming and electronics firm plans to raise more than $1.5bn for a fund that will launch next month in partnership with venture firm Changshi Capital.

The company has created technology to create playable adverts in order to increase user engagement.

Memblaze secured $20m for the round last year in a first close that featured Bertelsmann and ZTE.

PepperTap has acquired Times Internet-backed JiffStore as it secured a $4m extension for its own, corporate-backed series B round.

Artificial intelligence developer Preferred Networks, which spun out of Preferred Infrastructure last year, is receiving $8.3m from the carmaker as part of a strategic partnership.

Publisher Tangel and IT training provider Tarena have contributed to a funding round for the online education platform, which claims to have 14 million users.

The publisher has launched a fund targeting virtual reality gaming and is also planning to form partnerships with studios in the industry.