The Russia-based conglomerate is partnering Tsinghua University's business arm and putting up 30% of the capital for a fund that will be sized at up to $100m.

The Russia-based conglomerate is partnering Tsinghua University's business arm and putting up 30% of the capital for a fund that will be sized at up to $100m.

Yahoo Japan subsidiary YJ Capital invested $14m in a round that also included Salesforce, Gree, Link and Motivation, Dentsu and Rakuten.

Alibaba's health IT subsidiary will pay $34.5m for a 25% stake in Wanilyun Medical Information Technology, a medical imaging spinout of Wandong Medical.

The corporate-backed firm is launching a fund called Bharat in order to expand its focus from clean energy to sectors like healthcare and agribusiness.

Discussion at Kyushu University, Japan, identifies that Fukuoka, under its youthful mayor Soichiro Takashima (he was elected in 2010 aged 36), is one region continuing to explore its options to be a growth centre.

Alibaba has denied reports that it has taken a 10% stake in chauffeured ride service UCar despite apparent documented evidence of the investment.

The Bertelsmann-backed online recruitment service has now raised more than $60m in total and will use the money for product development.