Alibaba is set to lead a round for the e-commerce arm of One97 Communications that values it at $1bn, separately to the mobile payment branch.

The Thailand-based property developer will invest in funds, startups and the local ecosystem to promote technology that can enhance urban living.

Ingenico is set to purchase payments processing firm TechProcess for approximately $89m, providing an exit to shareholders including Nokia Growth Partners.

Microsoft Ventures, Qualcomm Ventures and Citi have joined the backers of cybersecurity foundry Team8, which has raised an undisclosed amount of new funding.

The Shell-backed Shell Foundation invested $10m while Triodos Bank supplied the other $15m, as Aavishkaar-Intellecap looks to increase its global activities.

The IDG-affiliated venture firm has closed its third fund with backing from limited partners including IFC and has reserved about 25% for later-stage deals.

The financial services firm is set to establish a corporate venturing division called Central Capital Ventura with $15m in capital to invest in fintech startups.

Microsoft Ventures has invested an undisclosed amount in cybersecurity startup Illusive Networks, which already counts Citi Ventures as an investor.