Financial

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

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

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.

The insurance group will allocate the funding to internet of things, data and analytics, sharing economy and customer experience startups over the next five years.

American Express was among the investors in a round that will fund payment processor Clip's expansion in its home country of Mexico.

Welltok was one of two patient management platforms to raise more than $40m last week, showing the ongoing expansion of the sector.

Conglomerate Legend Holdings has applied to list Legend Capital, which has $1.7bn under management, on China's NEEQ market.