Xiaomi-backed wifi network operator WiWide has raised $49m in a series C round funded by Tencent and Dianping.

E-book platform Ridibooks closed its series A round with investments from financial services firm Mirae Asset and conglomerate Doosan.

The $15m fund, backed by conglomerate Chokhani Group will make investments in 10 to 15 India-based startups each year.

In its latest southern Asia investment, SoftBank has become the largest shareholder in mobile taxi hailing app GrabTaxi.

The financial services firm's corporate venturing unit will expand its accelerator efforts across four continents with the help of Plug and Play Tech Centre.

Fenqile, which provides its Chinese users with payment plans for electronic goods, raised the money only three months after a $10m series A round.

India-based, One97-backed MobiSwipe will close a series A round between $5m and $7m in early 2015.