The photo modification app owner had targeted a $5bn valuation for an initial public offering that would grant exits to Sina Weibo, Foxconn and IDG Capital Partners.

General Electric has purchased Bit Stew for $153m, providing an exit to its own corporate venturing unit GE Ventures as well as Cisco Investments.

Citrix-backed Wise.io is one of three companies GE has acquired this week in a bid to strengthen its Predix industrial internet platform.

The media group could be sold for between $500m and $1bn to a Chinese consortium headed by the founder of its Chinese venture capital affiliate.

Nereus Pharmaceuticals is set to record an exit from BeyondSpring, which is targeting $100m in its initial public offering.

The Chinese instalment buying platform is seeking between $500m and $800m in a US IPO that will provide exits to Kunlun Tech and Ant Financial.

The Snapchat operator has confidentially filed for an initial public offering that will allow Alibaba, Tencent and Yahoo to exit, and it will be valued at between $20bn and $25bn.

Salesforce, PTC and General Electric's own GE Ventures unit exited the field service management software provider, which will be purchased by GE Digital after raising $205m.

Autonomous car and robotics technology producer ZMP plans to float in its home country of Japan having received equity funding from Intel and Komatsu.