The conglomerate has joined with SparkLabs to launch an incubator in the South Korean city of Incheon that will also receive local government backing.

Rakuten-owned messaging app Viber has made its first acquisition, buying Wolfson-backed gaming development software company Nextpeer.

The Ctrip and Homeaway-backed home rental marketplace took its funding above the $460m mark with a series D round featuring The Ascott.

International corporates Alibaba, SoftBank and Foxconn have strengthened their respective presences in India by investing in the e-commerce firm, which aims to diversify its offering as it grows.

SoftBank led the hotel booking platform's series B round, after it was revealed in May that the two companies were in advanced talks for funding.

E-commerce company Beenos returned to back the automotive marketplace's series B round, which will support international growth.

Restaurant chain Ajisen provided $60m of the cash, and the online food ordering company secured the rest from Hina Group.

IDG made its second investment in the plastics trading platform, which has now raised more than $57m altogether.

Messaging app provider Naver and property developer Far East are among the limited partners that supplied $35m for the fund's first close.