Outdoor advertising firm Focus Media plans to launch four $75m corporate venturing partnerships to invest in internet, technology, entertainment, education and travel technology.

Bertelsmann India Investments has led a $16.6m round for the budget hotel chain operator, sized lower than the rumoured $20m to $25m reported earlier this month.

Alibaba's film production and distribution subsidiary will invest up to $75m in the investment fund, with $225m to come from Gopher Asset.

Sega Sammy and Septeni have supported KK Fund's second vehicle, which will focus on early-stage startups across Southeast Asia, Taiwan and Hong Kong.

SCB's Digital Ventures unit has announced its plans to set up a $50m corporate venturing arm, an accelerator and a research and development unit.

The office space leasing service, a spinout from 58.com, raised the money in a round backed by Joy Capital and Northern Light Venture Capital.

Big data technology producer Yonghong Tech has secured $30m from investors including Tencent and iResearch Consulting.

UBtech, backed by Anhui USTC iFlytek, has added $100m to its coffers to boost R&D efforts for its family-friendly robots.

The luxury goods provider's L Capital Asia unit is taking a 7% stake in the Korea-based cosmetics brand, with Groupe Arnault also set to invest.