Alibaba is reportedly considering the purchase of a 10% to 12% stake in the news aggregation and publishing app at a $500m valuation.

Momo has agreed to pay $601m in cash and approximately $160m in stock, allowing YY and Bertelsmann to exit dating and meeting app Tantan.

NYU Innovation Venture Fund has put its weight behind KitSplit, an online marketplace to rent equipment such as cameras, drones and virtual reality headsets.

The online photo library has received cash and crypto tokens from blockchain technology developer OST as part of its $7.3m series A round.

Dentsu Ventures and Evolution Media both returned for a $9.6m round for the immersive sports viewing platform having previously backed its series A.

Image editing platform Meitu has exited AR selfie and video app Faceu through an acquisition by Toutiao, its third in less than four months.

Adaptive has raised $16.5m from AMC Networks and Atwater Capital to enable it to develop new entertainment projects for traditional and digital media.

Skydio, the developer of an autonomous flying camera, has disclosed $70m in funding, including a series B round featuring technology partner Nvidia.

The funding comes ahead of an expected initial public offering and featured Tencent, Netmarble Games, Actozsoft and Bluehole Studio.