Following the news of China's startup-focused $6.5bn fund launch, Global Government Venturing editor James Mawson looks back at the country's efforts to bolster venture capital.

Online courier platform YunNiao, launched in Beijing in September, has received funding from backers including Shanda Interactive as it seeks to expand.

China-based mobile app developer Cheetah Mobile has launched a $3m seed fund that will invest in Taiwan-based startups.

SoftBank's Chinese corporate venturing unit has led a $20m series B round for the online education company as it seeks to expand.

Cloud payment provider Bottomline Technologies has acquired the fraud detection and prevention company for $67m.

The Innovate in India Fund will form part of the IT services company's larger Innovation Fund, which is being expanded to $500m.

The group chat app developer has now raised $22m altogether, after Samsung joined existing backers including Verizon.

Alibaba has acquired a majority stake in News Corp-backed digital advertising platform AdChina for an undisclosed sum.

The taxi ordering app operator, which is backed by SoftBank and Alibaba, has refuted reports last week claiming it had raised almost $800m in its latest round.