The South Korean government is set to lower the threshold for corporate venturing vehicles, though rules governing the practice will remain strict.

Gree's venture capital affiliate has secured $20m from undisclosed strategic investors for a second fund, following an $18.3m vehicle last year.

The corporate is putting some $500m into its revamped early-stage fund, as its Vision Fund passes 70% of its capital allocation.

Tencent invested $8m as the Chinese online brokerage floated at the top of its range in the US, at a valuation of more than $1.3bn.

The LeCloud and Qihoo 360-backed online video streaming platform will reportedly file for bankruptcy after failing to raise new financing.

CapitalG committed $4.7m to Aye Finance's $33.3m series D round, which closed in conjunction with a $2.2m debt investment from Karvy Capital.

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

Electric vehicle producer WM Motor has received $446m in a Baidu-led round that will be used to enhance its core technology and drivng experience.

The Bytedance-backed news aggregator is looking to raise up to $175m in funding from investors including Goldman Sachs at a reported valuation of up to $650m.

The Shanghai International Group-backed drone maker is reportedly looking to raise between $400m and $500m in a US initial public offering later this year.