Alibaba and Alphabet-backed e-commerce platform Jet, which raised money at a $1bn valuation in November, could be acquired by Wal-Mart for up to $3bn.

Intel Capital-backed News Republic has been acquired by Cheetah Mobile for $57m, after raising about $9m from backers also including Xange Private Equity and Creathor Venture.

SteelBrick had raised almost $78m in less than three years from investors including Salesforce Ventures, whose parent company has now bought the company.

Konga, a Nigeria-based e-commerce company in which Naspers reportedly holds a 50% stake, has approached prospective buyers for an acquisition in the $35m range.

Interactive word processing software provider Quip had raised $45m in funding since 2012 from backers including Salesforce Ventures.

Uber has lost its battle in China, but as the largest shareholder in a $35bn company that is the overwhelming market leader it may yet win the war.

The Intel-backed motorcycle helmet producer has ceased operations following the CEO's departure and varying accounts of an acquisition deal by LeSports.

Rocket Internet-backed food delivery service Take Eat Easy has shut down following unsuccessful attempts at raising a series C round.

Quikr has acquired online jobs platform Hiree for an undisclosed amount, providing an exit to IDG Ventures India, which led the startup's seed and series A rounds.

Big data technology producer Platfora had raised $95m since 2011 from backers including Cisco, Citi and HSBC, and has been acquired for an undisclosed sum.