Applied Materials' corporate venturing subsidiary will manage the fund, which was formed with Korea Venture Investment Corporation to back South Korean startups.

Alibaba has invested $1bn to increase its share e-commerce marketplace Lazada to 83%, with Rocket Internet and Tesco among the exiting shareholders.

The media and e-commerce group invested an additional $71m in Flipkart in April 2017 as part of a $1.4bn funding round also backed by Tencent, eBay and Microsoft.

The connected cybersecurity software provider has put an initial $100m into a corporate venturing unit that will target growth sectors such as the internet of things.

Alibaba is the largest shareholder of logistics and supply chain services provider Best, which has filed for a $750m initial public offering, after raising more than $910m in VC funding.

OurCrowd has launched a collaboration scheme, OurNetwork, which has more than 200 multinational corporations, mentors and industry experts.<br />

The University of California-backed UC-RNT Fund has led a round that enabled strategic investor Axis Bank to exit.

Razer has paid $19.9m for a 19.9% stake in MOL Global as part of a deal that will make MOL a master distributor of its virtual currency.