Baidu has hired Liu Wei from another corporate venturing unit, Legend Star, to run its $3bn corporate venture capital arm as chief executive officer.

Investment subsidiaries of Dentsu and SBI have supplied $7.1m in financing for mobile payment company Coiney, which has now raised more than $21m in total.

The logistics service provider raised the money in a series C round co-led by a subsidiary of Susquehanna International Group, and will invest in growth and R&D.

The consumer electronics producer will be the anchor investor in Orbis Capital, and is recruiting limited partners including private equity firms and pension funds for the rest.

The Baidu-backed photo and video-sharing app, which is reportedly valued at $3bn, is planning to go public in the US in the second half of 2017.

Rakuten and Mitsui Sumitomo Insurance have invested in Folio, which is developing a robo-advisor investment platform, bringing its overall funding to almost $19m.

Ride ordering platform Grab intends to provide $100m for Indonesia-based mobile and financial technology startups as part of a $700m investment drive in the country.

The Legend Holdings-backed firm has raised $243m of a targeted $375m for its latest fund, a US securities filing has indicated.

AusNet Services, Origin Energy, Tokyo Electric Power, ESB, EDP, Innogy, Dubai Electricity and Water Authority and Singapore Power have partnered for the accelerator.