Baidu has 'significantly' increased the size of Convergence Ventures' fund, already backed by Bakrie Group, which was sized at $25m as of November 2014.

The Middle East and North Africa-focused ride hailing service has now raised more than $70m in total after securing cash from backers including Al Tayyar and Saudi Telecom.

Sunnyhealth has joined forces with Fenox Venture Capital to invest in startups across the world to help them enter the Japanese market.

Mandiri Capital is set to begin investing from 2016 and will focus on startups developing payment services for the e-commerce sector.

The payment processing company has selected four new fintech startups to participate in its Start Tank incubator in India.

The Sino-American accelerator, which picked up a $10m investment from Wanxiang in August, is set to raise a new fund, according to Xiao Wang, general manager of its Silicon Valley branch.

The fund, reportedly backed by Genting and GS Home Shopping, has been increased to $22m.

The data analytics company has raised funding from a consortium including JD.com and expects to proceed to an initial public offering next.