The SIG-backed online media company is reportedly seeking a $70bn to $75bn valuation on the way to a 2019 initial public offering.

Alibaba, Liberty Global and 10 entertainment groups were among the investors in the short-form original video platform.

WPP and UTA are exiting digital media company Uproxx Media, which had raised some $42m in funding, in an acquisition by Warner Music Group.

The social media marketing platform is backed by HNA, Jinzi Ham and Tencent, and has reportedly raised almost $210m.

Access Industries, Orange and Rotana have committed capital to the music streaming platform, which raised the cash at a $1.16bn valuation.

Sequoia China led a $17.6m round for lift advertising network Tikin Media, whose early investors reportedly include several corporates.

The corporates invested $52.6m in Canxing, a television production company best known for its talent shows, at a valuation of about $2.5bn.

Ada, a digital advertising technology spinout from Axiata, has received $20m in a strategic investment by Sumitomo.

Telstra contributed to a round that will help eSports team owner Swift pursue strategic investments and build a dedicated training and media centre.