News aggregation app NewsDog has raised funding in a Tencent-led round that included DotC United and Legend Capital.

The venture firm's debut fund has closed having secured capital from limited partners include CreditEase, Focus Media and Qihoo 360.

Foxconn subsidiary FIH Mobile has written down all but $3m of the $200m it provided for Snapdeal in 2015, according to its 2017 financial report.

Chinese car rental service Like has followed up $20m in funding reportedly closed last month with an Ant Financial-led series B round.

The telecoms network operator has launched a venture capital scheme in partnership with Iran's University of Tehran.

Tom Zhang, an engineering partner at corporate venturing unit GV, has taken the chief data scientist position at VC firm Sinovation.

Toyota Tsusho and existing backer Digital Garage have co-led a series D round for the automotive e-commerce marketplace at a reported valuation of up to $700m.

University of Tehran and telecoms provider MTN-Irancell are preparing to seed a VC fund of undisclosed size to help nurture IT startups.

Investors including CA Mobile, IT Media and Voyage Group are in line for an exit in an offering for the advertising services provider projected for mid-June.

The $157m fund will be the Legend Holdings-backed venture firm's second RMB-denominated healthcare fund and its third overall.