Following reports in February, Alibaba has confirmed it will acquire the remaining shares in Ele.me, currently owned by investors such as JD.com, Tencent and Baidu.

Lytro, which had raised more than $200m from investors including Qualcomm, Foxconn and Huayi Brothers, has closed.

Kabir Misra, one of the corporate's two representatives on Snapdeal's board of directors since early 2017, is stepping down.

The furniture retailer led SoftBank-backed home furnishing e-commerce and modelling platform 3vjia's $47.7m series B round.

Rakestraw said Temasek has had an existing agriculture business area for some time but the venture capital investment was new.

The local services platform is exploring an IPO in Hong Kong at a $60bn valuation, setting up Tencent, Priceline, Xiaomi, Fosun and Wanda for exits.