CyberAgent-founded crowdfunding platform has applied for an initial public offering on the TSE Mothers Market that it expects will fetch it a $155m valuation.

Alibaba has increased its shareholding to 63%, having already acquired a majority stake in the logistics platform, also backed by Fosun and Intime Retail Group, two years ago.

Ant Financial and Nikkei-backed 36Kr has raised just a fifth of its original IPO target and shares took another 10% hit on the first day of trading.

Tiger Global Management sold a 10% stake to Tencent in a deal that valued PolicyBazaar owner ETechAces, whose backers include InfoEdge and SoftBank, at $1.5bn.

WPP-backed enterprise content marketing platform developer Percolate has been picked up by Seismic, having previously raised about $107m in funding.

Stine Seed-backed farm equipment automation technology company Smart Ag has been bought by Raven Industries, which plans to integrate the offering with its new automated precision agriculture division.

Screen time limits app developer Zenlabs has been bought by Life360, paving the way for internet browser publisher Otello to exit.

The Inserm spinout secured a $7.8m series B extension and boosted its portfolio with the acquisition of AVCare, a Satt Ouest Valorisation-allied business.

Freee has submitted paperwork for approval to list on the TSE Mothers Market next month, potentially offering exits to more than half a dozen corporates such as Line and Sharp.

Scout RFP has agreed to a $540m acquisition by its existing shareholder Workday, which will provide exits to Salesforce Ventures and GV.