Snapdeal, Flipkart, Aditya Birla, Future Group and Alibaba are all said to be in talks to buy Rocket Internet-backed Jabong at a steep discount from its 2014 valuation.

SoftBank-backed Android app store Wandoujia was reportedly valued at $1bn in early 2014 and turned down a $1.5bn offer from Alibaba later the same year.

The telecommunications company will invest $15,000 each in up to seven social impact-focused startups participating in its Singtel Future Makers initiative.

The pharmaceutical firm's WuXi Healthcare Ventures unit contributed to a series A round that will support CStone's drug candidates advance through clinical trials.

The Chinese business media company. a spinout of People's Daily, has secured series B capital in a round featuring Xiaomi and Cheetah Mobile.

Media firm Bennett Coleman & Co has invested $25m in taxi service operator Meru Cabs as part of a round that could eventually reach $100m.

Online budget hotel booking platform FabHotels has added series A funding to a seed round closed a year ago, Qualcomm having invested in both.

Infinity Venture Partners' third fund, backed by Recruit, Orso, Sammy Networks, Mixi and United, has reached $75m with help from the Taiwanese government.

A healthcare fund in Israel gets a boost as Liberty University invests $5m from its endowment in a move to stand against calls for education institutions to divest.