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China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

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.

The lidar chip developer will secure $120m in financing from investors including existing backer Porsche as it agrees to merge with InterPrivate Acquisition Corp.

Founding investor and strategic partner NavInfo was among the investors in a $40.2m round that will support the automotive sensor producer's research and supply chain activities.

Expected budget for European Innovation Council of €3.5-4bn to entrepreneurs less than planned €10bn over the 2021-2027 period

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

Atresmedia, Adevinta Ventures and Toyota AI Ventures helped the car rental subscription service boost its overall funding to nearly $23m.

The logistics and transportation services provider expects to commit $50m to innovative startups through RyderVentures by the end of 2025.

The corporate's share of PP Parking reportedly stands at 11% after it led a $29.8m round for the parking management software provider.

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