New York has one of the most vital tech ecosystems in the world, with Silicon Alley in Manhattan said to be the east coast’s answer to Silicon Valley.

Sector review: Telecoms

Sinar Mas Land plans to form a property technology-focused incubator with accelerators Digitaraya and GK Plug and Play that will kick off early next year.

Propel Venture Partners helped add $15m to the conversational AI developer's latest round, having contributed to the first tranche alongside Mastercard.

Online warddrobe platform Finery has been acquired for an undisclosed amount by Stitch Fix, allowing Farfetch and BBG Ventures to exit.

Deutsche Börse has exited financial compliance software developer RegTek Solutions less than two years after leading its series A round.

Bayer will pay up to $600 for the 59.2% stake in engineered-cell therapy developer BlueRock Therapeutics it does now own, following a $225m round in 2016.

The oncology-focused drug developer sourced $77m in the series D round, which was co-led by China Life Healthcare Fund.

VR tech developer Moiin will seek $100m for a new vehicle to back small VR projects as it pursues internal development of high-spec VR systems and an immersive VR software platform.

Endless Frontier Labs will operate as a nine-month accelerator initiative set up in place of the defunct CDL-NYC partnership with University of Toronto.

Sector Analysis: Information Technology

Nikkei, Gree, Globis, Dentsu and Yahoo Japan have exited video streaming platform Bouncy, which has been purchased by Asahi Shimbun for an undisclosed sum.

The combined value of Woodford's stakes in immunotherapy developer Immunocore has reportedly crashed to $57m from around $112m.

WeWork India, a local franchise of co-working space operator We Company that is backed by Embassy, is set to sell a 70% stake for a $1.9bn in cash and shares.

Greenland Holdings invested in a $43.2m round for the Cisco and Country Garden-backed city management software provider City Cloud in connection with a strategic partnership.

Alphabet subsidiary Google has agreed to acquire data analytics platform developer Looker, supplying an exit to Alphabet unit CapitalG.

The university's new $100m Pritzker School of Molecular Engineering will aim to kindle the advancement of novel technologies in partnership with the Polsky Center for Entrepreneurship and Innovation.

MassMutual Ventures co-led the healthcare data platform developer's series B round, which also featured Aviva Ventures and Jianke.

The university has signed up Grab Ventures Velocity, part of ride hailing service Grab, to its new UI Works startup accelerator.

Sector analysis: Media