Akatsuki Entertainment Technology Fund will target entertainment technology startups, with an initial focus on augmented reality.

Microsoft has joined Madrona Venture Group, Notion Capital and Vertex Ventures to launch a contest for early-stage AI startups called Innovate.AI with a total prize pot of $3.5m.

Education services provider New Oriental Education and Technology is looking to invest more than $300m in education startups and another $1.5bn in larger deals.

Tencent has led a $1.1bn round for Ola that included SoftBank, and the Indian ride hailing service is aiming to boost the round to $2bn.

The new E4 program is looking for startups in India with the potential to impact the future of energy and will offer support and up to $20,000 of investment.

The last-mile delivery services platform has raised $14.5m in a PSA International-backed round that was led by venture capital firm Gobi Partners.

Travel agency Ctrip has co-led a $300m round for holiday home platform Tujia, two years after the corporate contributed to a series D round of the same size.

The Tencent-backed Southeast Asian online services provider is set to raise between $596m and $695m from its US initial public offering.

Reuters has ranked the top 100 universities across the world, putting Stanford University at the top and naming KU Leuven as the most innovative institution in Europe.

The digital health platform has raised $6.5m in a round backed by Al Rashed and Sons unit Rimco Investments, and will use the funding for regional expansion.