Sun Hung Kai Strategic Capital and Hearst’s Fitch Ventures unit are set to exit compliance software prpvider Truvalue Labs through the deal.

Alibaba is set to retain a 32% stake in its financial services spinoff, which has secured regulatory permission for a dual listing that could value it at more than $250bn.

Sony, 21st Century Fox, WarnerMedia, Alibaba, Walt Disney and Entertainment One are among the investors that had supplied $1.75bn for the short-form streaming service.

The Tencent and Didi-backed online automotive marketplace, which was valued at $1.7bn just two years ago, could sell its major assets for next to nothing.

The UC Berkeley spinout has been snapped up by Astellas, two years after the latter took part in its series A round.

Providence Health and Services has exited the healthcare satisfaction analyser in a purchase of undisclosed size by Press Ganey.

The immuno-oncology therapy developer filed to raise up to $50m, two years after securing money from investors including Biomed Realty and Alexandria Real Estate Equities.

Prometheus Group has paid an undisclosed amount for the data management software producer, allowing Liberty Mutual to exit.

The bioelectronic medicine developer has been snapped up by Astellas, two years after the latter took part in its series A round.

The corporate-backed on-demand ride provider is reportedly looking at Hong Kong for a possible initial public offering, which could be preceded by more funding.