The internet company has filed for a $1bn initial public offering in the US that will give exits to Tencent, JG Summit Holdings and Uni-President Enterprises.

Corporate-backed online ticketing service Weiying is set to merge several of its assets with peer Maoyan, which is majority owned by Enlight Media.

Returning investor Tencent contributed to a round that upped the total raised by the online fresh produce retailer to over $400m

Returning investor Tencent chipped in to a round that increased the total raised by the online fresh produce retailer to more than $400m since it was founded in 2014.

PayPal is part of a consortium of investors that has pushed the total funding for gift card marketplace Raise to more than $147m.

The LVMH-backed private equity firm has acquired a 27.9% stake in craft beer brewer Innis & Gunn in return for a $20.3m investment.

MycoTechnology, the developer of a mushroom-based vegan protein, secured the capital in a round co-led by Bunge that included Kellogg and Continental Grain.

Jeff Allen went to payment services provider Mastercard, where he was vice-president for strategic investments, in 2009 from investment bank Sagent Advisors.