Consumer

Smart vehicle producer Nio, previously backed by Tencent, Baidu, JD.com and Lenovo, has announced its intensions to go public and raise between $1bn and $2bn.

Continental Grain was among the investors in the vegan dairy protein developer's $24.7m round, which was led by Temasek.

The business school hopes the partnership will strengthen the ecosystem, leveraging its faculty, program participants and alumni network for the initiative.

Retail conference host Shoptalk has teamed up with Commerce Ventures for a $1m fund that aims to back 20 e-commerce and retail startups.

Amazon has agreed to pay upwards of $1.2bn for the smart doorbell maker, which counts the corporate's Alexa Fund among its investors.

The e-commerce holding group has now sold nearly $1.2bn of its shares in the publicly-listed food delivery platform, having invested $568m in 2015.

Bertelsmann Asia Investment was among the investors that contributed to the cross-border e-commerce platform's series C round.

The online marketplace could give up its stake in e-commerce company Giosis as part of a deal where it will pay $700m for the latter's Japanese assets.

The prospective deal would involve Alibaba buying out the food delivery platform's other backers, including Baidu, Tencent and JD.com, at a $9.5bn valuation.