New investor A+E Networks plans to seek out synergies with the fashion media, e-commerce and events company, which is also backed by AOL, Hearst and CAA.

The fashion rental platform has received $20m in a series B round led by Pan-Lin Asset Management that included existing investor IDG Capital.

Microsoft, eBay and Tencent all contributed to a down round for the e-commerce company that could precede another $1bn in funding.

The round was co-led by Evolution Media China, a unit of corporate-backed Evolution Media Partners that focuses on investments across Asia.

SoftBank has exited online lingerie retailer True&Co through an acquisition by apparel group PVH, five years after it invested as part of a $2m round.

Probiotic food producer Farmhouse Culture has raised $6.5m in a series D round led by General Mills subsidiary 301.

Intel Capital co-led the round through its Diversity Fund, investing through its Diversity Fund four years after leading Goldbely's $3m seed round.

The instalment buying-based e-commerce platform is reportedly preparing for an IPO in the US that will allow Bertelsmann and JD.com to exit.