Transport

Alibaba and Legend Holdings have achieved exits as the chauffeured lift service, spun out of CAR 18 months ago, floated in China.

The car park and car sharing service has put up an initial $4m for a strategic investment fund expected to eventually reach $30m in size.

A survey found a 16 percentage point rise in the number of Brazilian corporations investing in startups.

Pfizer has leapt to the top of the most active corporate venturing investors in US healthcare deals for the first half of 2016, as Novartis falls out of the top 10.

The in-wheel electric motor developer has welcomed Tianjin THSG Corporation and new strategic partner VIE Science & Technology as backers, and will now scale up its manufacturing.

Civil Maps, a startup working on autonomous car mapping technology, has raised $6.6m in a seed round that will fund product development.

Second Genome, which is applying genomics technology to the microbiome, is the latest in a growing string of gene technology companies to raise substantial funding.

Airport-focused car sharing service Flightcar, which had raised $40m from backers including Priceline, Tencent, Comcast and SoftBank, has shut down and sold its technology to Mercedes-Benz.

Times Internet has led a series B round for the public transport journey planner that included existing backer Qualcomm.

Alibaba and Legend Holdings are set to exit the chauffeured lift service, spun out of auto rental company CAR in early 2015, through a flotation in China.