Graham Holdings has led a $150m funding round for Intersection, a smart cities technology developer that will use the money to expand to additional markets.

The talent development platform has secured $8.6m from a consortium including Cornerstone and Wilson Sonsini Goodrich and Rosati.

Tencent, Priceline, Xiaomi, Fosun and Wanda are all in line for exits, as reports indicate the local services platform will seek $3bn in a US flotation.

Investors including Lenovo, Haier and Legend Capital contributed to a series C round for travel services provider Phoenix Travel Worldwide.

Expedia has exited travel services provider Trip.com, which had raised $39m, in an acquisition of undisclosed size by online travel agency Ctrip.

The Bertelsmann-backed short-term accommodation platform has received $120m in a round that valued it at $1bn or more.

The real estate marketing software developer has brought Goodfellows on board as an investor and will expand into the US next year.