Consumer

Tencent has taken a 16.7% stake in TCL smart television subsidiary Shenzhen Thunderbird Network Technology and will pre-load content on to its TVs.

The Deutsche Telekom-backed wearable fitness tracker developer was once valued at more than $3bn, but has now begun liquidation proceedings.

Bertelsmann Asia Investments led the online furniture brand's series B round as an existing investor, having reportedly backed the company's $15m series A.

The corporate-backed online marketplace is reportedly holding out for $1bn, having rejected an acquisition offer of between $550m and $900m.

The stealth-stage mobile gaming hardware developer has reportedly raised $14m in total, closing a series A round co-led by TCL Communication.

The gaming product and software provider is set to float in Asia, giving an exit to investors including Hangzhou Liaison Interactive.

The Rocket Internet-owned Global Online Takeaway Group sold some $148m in shares, as the online food ordering platform floated at the top of its range.

The beverages group had provided $250,000 each to 11 companies through its now closed Founders Program, and will now focus on its Bridge scheme.

Alibaba has invested $1bn to increase its share e-commerce marketplace Lazada to 83%, with Rocket Internet and Tesco among the exiting shareholders.