IT

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

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

Castor Ventures Fund took part in a round that will be used to strengthen Ayar's optical interconnector technology, which is based on MIT research.

CU Boulder-founded quantum technology developer ColdQuanta has attracted series A funding to follow a $16.8m seed round closed two years ago.

New Oriental Industrial Fund helped Ronglian (aka Yuntongxun) close a series F round it claimed was the largest yet for a Chinese cloud communication technology producer.

Global Foundries, Intel, Applied Materials and Lockheed Martin all helped push the optical transceiver technology developer's total funding past $60m.

Miles Kirby, former managing director at Qualcomm Ventures and Allianz's AV8 fund, has launched a UK-based accelerator and fund.

Software provider Kingsoft’s cloud services subsidiary has led a funding round of undisclosed size for the database software developer.

The MIT Media Lab-focused deep tech venture firm is back with its second fund having secured $24.6m of a targeted $80m from unnamed investors.

The electronic signature software provider's series D round was co-led by Evergrande High-Tech Group, Shenzhen Capital Group and Fortune Capital.

MYOB led a $15.4m round for the employee management software provider Flare, which already counts Reinventure among its investors.