The investment holding company has made an investment in Paytm owner One97 Communications reportedly sized at up to $356m.

Legend Capital and Shell China backed a series C round for industrial e-commerce platform Zhenkunhang, which raised a total of $85m last year.

Meituan Dianping's forthcoming initial public offering, which is expected to be $4bn in size, will feature Tencent as a cornerstone investor.

Taejoon Park has become the second high-profile departure from Applied Ventures in recent months, moving to LG Technology Ventures.

Antibody therapy developer Harbour BioMed has completed a series B round backed by China Life and existing investor Legend Capital.

The outsourcing services firm's BLS Accelerator will provide seed and series A stage investment to startups and plans to invest $700,000 in 2018.

Since the beginning of 2017, Global Corporate Venturing (GCV) Analytics has tracked and seen a number of companies backed by China-based internet company Tencent go public in Hong Kong and the US.

Asahi Broadcasting, Colopl, WFLE, Asahi Shimbun and Nagoya Broadcasting Network helped provide $11.7m for the influencer marketing platform.

Bank Mandiri and fellow corporate Gunung Sewu both took part in a $15.8m series A round for online lending platform KoinWorks.