The social media company has scored a huge exit from news app Toutiao, exiting as part of a series D round that valued it at $11bn, 22 times the valuation at which Sina invested in 2014.

The deal featured both new corporate backers, including Delphi, Samsung and MediaTek, as well as returning investors Mitsui and Pegatron.

The Renren-backed social media platform, once valued at up to $400m, is in talks with Square for an acqui-hire deal.

The corporate-backed music platform is reportedly mulling a public market listing that would not raise money but which would allow investors to divest their shares.

Craig Kornblau, president of Universal Pictures for 15 years, will advise the CVC unit on media and entertainment deals and provide help for its portfolio companies.

Sliver, backed by Bertelsmann, Colopl, Gree and Creative Artists Agency, has collected $16m in fresh funding.

Time Warner, an investor in the female-focused online media company since seed stage, reinvested once again, this time at a valuation of nearly $200m.