Services

Thierry Heles, editor of Global University Venturing, takes an alternate look at one of last week's corporate venturing deals.

The logistics service, backed by Alibaba and a host of other corporates, has reportedly raised funding at a $7.7bn valuation, illustrating the effect e-commerce has had on the logistics sector.

The IDG-backed on-demand massage service has closed its third funding round in just over a year and the second to be led by private equity firm Riverside.

The firm acquired a 23.5% stake in the employee engagement platform, which will help its Storm Flex Systems subsidiary expand into China.

Legend Holdings and its private equity subsidiary Hony Capital co-led a round that could rise to $780m, and which is being raised at a $16bn valuation.

InTouch Holdings' corporate venturing unit has picked up a 25% stake in the golf course booking app developer, part of its 2014 accelerator batch.

Qualcomm and ZopSmart both took part in a round that will support the produce sourcing platform's growth and the strengthening of its technology base.

Laurent Audoly, managing partner of the pharmaceutical company's new open innovation scheme, spoke to Global Corporate Venturing about its collaboration and investment strategy.

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