Consumer

Alibaba led the online grocery delivery company's series C round as part of a strategic partnership agreement.

Fosun made its second investment in the fresh produce e-commerce platform, which has now raised more than $32m inside two years.

Wal-Mart has closed the $3.3bn acquisition of e-commerce company Jet.com, providing exits to Alphabet and Alibaba in the process.

Marcin Hejka, who oversees Intel Capital's activity in Greater Europe and India, has spoken to GCV about the unit's strategic focus.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

The Comcast-backed beauty product e-commerce company has received the convertible note financing to hold it over until it becomes cash flow positive.

Alibaba and Alphabet-backed e-commerce platform Jet, which raised money at a $1bn valuation in November, could be acquired by Wal-Mart for up to $3bn.

Konga, a Nigeria-based e-commerce company in which Naspers reportedly holds a 50% stake, has approached prospective buyers for an acquisition in the $35m range.

Existing backer Rakuten has returned to lead a $35m series B round for Carousell, putting the mobile marketplace app provider's total funding at $41.8m.

Corporate-backed AIG took its 2016 equity funding to more than $465m with an investment from UK state-backed development finance institution CDC Group.