The prospective deal would involve Alibaba buying out the food delivery platform's other backers, including Baidu, Tencent and JD.com, at a $9.5bn valuation.

IVP and Index Ventures have co-led a round for WME-backed skincare brand Glossier, increasing its overall funding to $86m.

Alibaba invested $857m for a 15% share of the furniture retailer as part of the round, which included Taikang Insurance.

The Qualcomm and American Express-backed consumer engagement platform has raised cash from existing investors including Warburg Pincus and Sequoia Capital.

Fabrica Fund, a subsidiary of Nan Fung Group, will target the intersection of style and technology with investments ranging from $100,000 to $2m.

The meat supplier will partner Plug and Play in Silicon Valley and 1871 in Chicago to secure access to local startups.

The Grace Beauty-backed razor blade subscription service has received new funding in a round featuring Temasek and Alliance Consumer Growth.

The Grace Beauty-backed online childrenswear brand has secured $19.8m according to a securities filing, to take its overall equity funding to $32.5m.

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.