Dahua, Shanghai Electric and CRRC are set to exit the smart EV manufacturer, which is reportedly set to raise at least $1bn in the flotation.

More than 20 corporate backers are due to score exits through an offering that could value the online consumer services portal at nearly $29bn.

Unfavourable market conditions have scuppered the corporate-backed consumer credit company’s planned reverse takeover as it opts instead for more private funding.

The Brii Biosciences-backed lung diease drug developer will use the proceeds from the offering to advance its epetraborole drug candidate and expand into Japan.

The corporate-backed virtual cosmetics app developer’s SPAC merger later this year is set to be boosted by $50m in financing from investors including CyberLink, Chanel, Shiseido and Snap.

Fitness app developer Keep filed for a Hong Kong IPO while construction data software provider OpenSpace secured $102m and Snowflake agreed an $800m acquisition of data technology producer Streamlit.

Lockscreen content provider Glance is raising $200m from Jio Platforms at a unicorn valuation while Sobot, Smart Logic and Akulaku each secured $100m.

Cybersecurity technology producer Salt Security nabbed $140m in a CapitalG-led round while healthcare unicorn Thirty Madison merged with Comcast-backed Nurx.

SoftBank Vision Fund 2 led a $300m round for business-to-business marketplace ElasticRun and co-led blockchain creation platform developer Aleo's $200m series B.

Financial services provider Tribal raised $60m in a SoftBank-led series B round while Credit Saison invested $30m in a round for peer-to-peer lender Julo sized at up to $60m.