In August, we saw 25 corporate exits, a 19% drop from August last year, though total capital raised hit $3.97bn, up 34% year on year.

After almost six years at East Ventures, Adriel Chua will back Southeast Asian and Latin American startups for the NYSE-listed ecommerce firm.

South Korean multinational Lotte Holdings has set up a CVC arm to invest in new technology in healthcare and biopharmaceuticals.

Asahi Kasei, Kashiwabara, Canon Marketing, Kirin, J Front, KHI, ShoPro, Sekisui and Denka will partner with startups through the scheme.

The Chinese unicorn, last valued at $2.8bn, will back AI and robotics startups through two funds under the newly formed Empyrean Venture.

Finno Efra will invest in Thai and Southeast Asian seed to pre-series A tech startups, supplying up to $1.2m per deal.

A growing wave: corporate-affiliated capital for startup investments has gone from $140m in 2013 to $3.4bn, according to a recent survey.

Indian state-backed petroleum company Bharat Petroleum (BPCL) has announced a five-year growth plan which will establish a corporate venture capital arm.

CDIB Capital Group, a subsidiary of Taiwan's KGI Financial Holdings, has launched a $62m joint fund with a Japanese state-backed investment company.

Dennis Chang will lead investments in Asia excluding India and Japan.