The telecommunications firm will kick in more than $240m for the fund, which will be formed with a state-owned investment entity to fund mobile internet companies.

SoftBank has entered talks to lead a $100m series B round for the India-based budget hotel booking platform.

Foxconn and JD.com have participated in a funding round for Jide, which is developing a custom-engineered version of the Android operating system.

Flavour and ingredients maker Frutarom plans to strengthen its presence in Africa and India through the investment, taking a 60% stake in Sonarome.

E-commerce company JD.com has agreed to purchase a 10% stake in cloud-based software provider Kingdee as part of a strategic collaboration agreement.

Intel and Singaporean government agency Spring are collaborating on an initiative that will help develop the country's internet of things ecosystem.

The cardless payment and instant credit subsidiary of Exchange Corporation has closed a round featuring SIG Asia, CyberAgent and Recruit.

KJS has provided fresh funding for the e-commerce company, also backed by Astro All Asia, to scale up its logistics and delivery capabilities.

E-commerce company Alibaba is set to purchase a minority stake in YTO, one of its 14 logistics partners, for an undisclosed sum.