Alibaba is set to launch a fund aimed at China's media industry as it also explores the creation of a new subsidiary that would support the digitisation of the cultural sector.

Verizon has acquired short-form video platform Vessel, which had reportedly raised more than $130m from investors including Comcast Ventures.

CAA-backed venture Evolution Media Capital has joined a list of Mobcrush shareholders that already includes CAA itself, Lionsgate and Modern Times.

The China-based educational technology developer has raised $37m from backers including Qualcomm, following a reported $18.8m series A round in 2015.

NBCUniversal is doubling its investment in the SoftBank and Hearst-backed online media company, providing the capital at a reported $1.7bn post-money valuation.

The animated virtual reality content producer's investors include Comcast, Samsung, HTC, Youku Tudou, Twentieth Century Fox and Shanghai Media Group.

Bertelsmann and Time Warner have exited Epoxy following the video distribution service's acquisition by Vemba for an undisclosed amount.

Gruner + Jahr and Ringier have taken part in the DIY crafting platform's series B round alongside existing shareholders OZ Verlag and High-Tech Gruenderfonds.