Consumer

Tencent and Wanda-backed Weiying Technology and rival Gewara have agreed a merger that will create the second most popular online ticketing platform in China.

The internet portal invested heavily in food delivery, ride hailing and ticketing as it seeked to build out the services linked to its extremely popular WeChat messaging app.

SoftBank is winding down corporate venturing vehicle SoftBank Capital in favour of fewer, bigger investments as it looks to replicate its Alibaba investment.

Google Capital is reportedly in talks with the online automotive marketplace, which has so far raised $65m, to lead a round sized at up to $30m.

Intel Capital fell short of the $600m target it set in September but will enter 2016 under new leadership with some promising IPO candidates.

The fund created by Axiata and government-owned fund Mavcap, has already committed a total of $3m and expects to provide follow-on funding.

Already backed by a long list of corporates, Jibo has added Ningbo GQY to its shareholders as it extends its series A round to $52.3m.

GV and Bertelsmann-backed connected kitchen appliance developer Orange Chef, which shut down last month, has been bought by Yummly.

There is still concern that those in corporate venturing are not adequately compensated. Three quarters of respondents to the latest J Thelander Consulting said their title and compensation structure failed to appropriately reward them. Jody Thelander is pictured.

Google restructured itself under a holding company called Alphabet, but its corporate venturing units continued to invest heavily in healthcare despite GV pulling the plug on its European fund.