A+E, AMC, Discovery, Scripps and Viacom supplied the funding as part of a commercial partnership that will involve their channels being available on Philo's streaming service.

Media groups Time Warner and Tribune Media have exited Mashable, the digital media brand valued at $250m just 18 months ago.

UnitedMasters has emerged from stealth, revealing $70m in funding from investors including Alphabet and 20th Century Fox.

The news aggregation app, which was 47% owned by Phoenix New Media as of 2015, has received funding from backers including a government guidance fund.

Xiaomi has co-led a series B round for review and self-publishing platform operator Jinying that included Fosun and SIG Asia.

The property developer paid $58m for a 35% stake in Standard International and co-led Hostmaker's $15m series B round as part of six deals.

Cheetah Mobile and Legend Capital are among the investors exiting music-based social media app Musical.ly in a purchase by Bytedance.

The Unilever-backed augmented reality game developer has secured $5.8m to grow its presence in the UK and expand internationally.