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Kai Engelhardt, a GCV Powerlist award winner, said he had decided to return to ventures after two years as head of digitalisation at Mahle.

The automotive manufacturer is supplying $91m for Dongfeng Bocom Yuanjing Motor Investment Fund, with Bocom International putting up the same amount.

SAIC Motor's newly formed electric vehicle developer has launched with funding from investors also including Alibaba and Shanghai Pudong New Area.

Property engine developer Homesnap agreed to a $250m cash acquisition by Real estate data provider CoStar Group. This is a notable exit in the space in which corporates have been actively investing over the past five years but there have not been many exits.

Boeing and corporate venturing unit HorizonX are being sued by bankrupt former portfolio company Zunum over claims of technology theft and fraud.

KCK Global-backed automotive e-commerce marketplace Cars24 has secured a unicorn valuation in a round led by DST Global.

Marketing and imaging software producer Adobe agreed to acquire US-based work management software provider Workfront in a $1.5bn deal, giving quantitative trading firm Susquehanna International Group (SIG) an exit.

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

Hyundai, Kia and UPS will retain stakes in the electric vehicle developer, which is merging with publicly-listed CIIG Merger Corp at a $5.4bn combined valuation.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The mobile network operator has joined a pool of corporate investors in ride hailing service and strategic partner Gojek.