Gree Ventures, the corporate venturing unit of mobile social company Gree, has reinvested in Singapore-based online cosmetics and beauty shop Luxola, which has followed up a reported $2m series A round last year with a series B round worth a reported $10m.

Chinese mobile game developer Chukong Technologies is preparing a $150m US initial public offering.

Nokia Growth Partners, alongside existing investor Kleiner Perkins Caufield & Byers, has invested $10m in a series B round of funding raised by China-based online food ordering company Meican. Food-delivery companies are growing in popularity across Asia, especially in China, as the number of internet users increases and a burgeoning middle class with disposable income turns to ordering food online.

Byecity, a Chinese website providing travel and tourism information, has raised approximately $20m in a series B round of funding provided by Alibaba Capital Partners and CBC capital.

Steamboat Ventures has joined the backers of the China-based social game developer has now raised $87m in venture capital funding.

Toyota Tshuho has bid $470m for a 51% stake in the Malaysia-based Kian Joo Can Factory, but looks set to be seen off by an existing bidder with links to the business.

Japanese chip design company Trigence Semiconductor has agreed to sell a minority stake to the state-run Innovation Network Corporation of Japan (INCJ).

Weibo has become the latest Chinese company to tap the US public markets, targeting $500 million from its initial public offering, and plans to leverage its partnership with minority shareholder Alibaba to maxmise advertising revenue.

US retail company Target has selected the first five startups to participate in its new India-based accelerator.