The Bytedance-backed news aggregator is looking to raise up to $175m in funding from investors including Goldman Sachs at a reported valuation of up to $650m.

Alibaba owns almost 9% of the Chinese social media influencer network, which has filed to go public in the US.

Hearst and Alphabet-backed music services group Kobalt is gearing up to raise its largest funding round to date, in a deal potentially sized at more than $100m.

The Tencent-backed fantasy sports platform will reportedly be valued at between $1.3bn and $1.5bn following the rumoured $100m investment from Steadview Capital.

Bigo, a social video livestreaming platform, has been acquired by its existing shareholder YY for more than $1.45bn in a deal that also provided exits for Ping An and Bertelsmann.

The digital content creation software provider has now raised more than $30m altogether, following a series C round featuring existing backer CNF Investments.

The electronics producer has led an $80m round for social content recommendation platform Zuiyou, whose shareholders also include SIG Asia.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The freight market commentary provider has increased its overall funding to approximately $40m following a series B round that included corporate venturing units of Hearst and Prologis.

The Opt and SKY TV NZ-backed video production platform has collected series B financing from investors including Susquehanna International Group.