Long-term investor Alibaba may buy up to another $150m of shares in Best Logistics in the US in a downsized initial public offering.

Ant Financial and Kunlun Tech are among the investors set to exit as the online lending platform, which has filed to go public in the US.

SoftBank will take a 5% stake in the online insurer, investing up to $550m, in an initial public offering in Hong Kong that could top $1.5bn.

Online insurance provider ZhongAn is set to raise up to $1.5bn next week and SoftBank's Vision Fund is considering buying $500m of shares.

A special report on the venture endgame

Volvo has bought the assets of Luxe, the Hertz and Alphabet-backed on-demand parking service that had raised $75m and was reportedly valued at $140m 18 months ago.

Intel Capital-backed data centre producer Switch has filed to raise up to $100m in an initial public offering on the New York Stock Exchange.