The biosimilar developer, which has closed a funding round led by Livzon Mabpharm, will take a majority share in the merged entity.

The China-based e-commerce company is set to extend its acquisition activity by buying navigation service AutoNavi in a deal worth about $1.5bn.

The merger between the two India-based e-commerce companies, which are backed by corporates including IDG and Naspers, values lifestyle retailer Myntra at about $330m.

Glori Energy, backed by investors including Energy Technology Ventures, has announced a merger deal with Infinity Cross Border Acquisition Corporation.

News Corp and IDG Ventures Vietnam were among the corporate investors to achieve partial exits in the automated advertising company's initial public offering.

The cloud-based data analysis developer, backed by Google Ventures in 2011, has been acquired by PerkinsElmer for an undisclosed sum.

AMCS Group, headquartered in Limerick, has acquired US software company, PC Scale Technologies (PCST).

Lithium has acquired US-based Klout, an analytics firm backed by Microsoft that measures online influence, for a reported $200m.

Facebook has acquired virtual reality system developer Oculus VR for $2bn, and exiting investors will include Formation 8, which is backed by LPs including LS and Korea Telecom.