Given the rise of intangibles in the economy, control versus delegation strikes at the heart of modern business practices. If or whether both Tencent and Alibaba continue to perform as well in the future might reflect their approaches in management.

Lytro, which had raised more than $200m from investors including Qualcomm, Foxconn and Huayi Brothers, has closed.

Qualcomm Ventures has exited agricultural management platform developer Strider in an acquisition of undisclosed size by Syngenta.

The digital signature technology provider, backed by Dell, Intel, Salesforce, Telstra, Visa, Deutsche Telekom, Samsung, NTT, Mitsui, BBVA, Alphabet and Comcast, has filed for a $100m IPO.

The online entertainment platform, which counts Tencent and Legend Capital among its investors, priced its initial public offering in the middle of its range.

The online video streaming platform, which is majority owned by Baidu, has priced its shares in the middle of its range and will have a $14.5bn market cap.

DC Thomson Ventures led the 3D game development platform's seed round four years ago, and has exited through an acquisition by Snap.

Tencent, Kunlun, Duomi and Shunya-backed video broadcasting app Inke has filed to go public after raising some $65m in funding.

Novartis, Eli Lilly and Amgen-backed cancer immunotherapy developer Surface Oncology has filed for a $75m offering on Nasdaq.

Biopharmaceuticals developer Aslan Pharmaceuticals, which counts AMT, Accuron and Tianda as backers, has filed to raise up to $86.3m in an initial public offering.