Existing investors Foxconn and Meitu were part of the round, as was MNC, as the Australia-listed company took its 2016 equity funding to almost $13m.

The internet services provider has paid an undisclosed sum to buy MassiveImpact, a mobile advertising company backed by SoftBank, SingTel and Cloudian.

Nutritional ingredient developer Puro, launched last month by an ex-Torrent executive, has received $37m in funding from the conglomerate.

The Foxconn and Sina Weibo-backed company, which develops apps that let users edit photos, is targeting up to $1bn in an offering on the Hong Kong stock exchange.

IDG Capital Partners has returned to back a series C round for Daling that will help the mobile e-commerce company improve customer experience.

The corporates are collaborating with the Malaysian government's MaGIC initiative to help local startups learn about product, customers and marketing.

Food e-commerce company Funye has raised $12.5m at a $54m valuation from investors including sesame oil manufacturer Yanzhuang.

The petrol station services provider has now raised $25m in the last 18 months, closing a series A+ round including Renren.

The media group's ad-for-equity unit, Brand Capital, has invested $19.4m as part of a deal that will reportedly include advertising on its media properties.