Consumer

The Foxconn and TCL-backed hotel electronics producer is reportedly set to shut down today, less than a year after targeting funding at a $1.5bn valuation.

Anil Achyuta and Andrew Maywah have left L’Oréal and Silver Tiger Capital respectively, to join TDK Ventures as investment directors.

Existing investor Naspers led the round, which will support the expansion of Brainly's online homework portal to teachers, partners and children in the US.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Tencent-backed Furong Xingsheng raised the funding at a $700m valuation and will use the cash to expand its neighbourhood-based grocery stores into additional small towns and cities.

Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Campsite-booking service Hipcamp secured the cash at a $127m valuation, with OATV returning for a round that was led by Andreessen Horowitz.

University of Cambridge's automated music production app developer Jukedeck has been picked up by internet technology firm Bytedance's TikTok.

Lightspeed and Sequoia are selling part of their shareholding back to Oyo’s founder for a combined $1.5bn as Oyo also seeks to raise up to $1.5bn in new funding.

Blackstone will purchase the advertising platform Vungle in a deal giving exits to corporates Alphabet and Verizon.