Baidu has sold its food delivery service Waimai to food delivery company Ele.me for a reported $800m, retaining a small stake in the venture.

The smart home device maker secured $10.4m in an Aviva Ventures-led round that included fellow corporate investors Desjardins Insurance and Fosun RZ Capital.

The GV and Universal Music-backed fashion e-commerce platform has expanded its seed round to $5.5m and is one of Y Combinator's latest batch.

The William Morris Endeavor-backed bepoke pet food delivery service has secured just over $10m in funding according to a securities filing.

New strategic partner Alibaba led the Indonesia-based e-commerce marketplace's latest round, which may have included SoftBank and Sequoia Capital.

The CAA-backed stock ordering platform has now raised almost $22m altogether, after closing a series B round that included Novel TMT.

Augmented reality goggles and software developer HiScene has received approximately $14.9m in a Shanghai Cableway Investment-led round.

University of Minnesota has revealed it launched 18 spinouts during the past financial year, putting the total number at 119.