Internet company Yahoo to sell a stake of up to 10% in Alibaba, China's largest e-commerce company, in what will likely be the largest IPO in the US since Facebook.

SoftBank Ventures Korea, the corporate venturing unit of Japanese telecommunications and internet group SoftBank, has invested an undisclosed amount of capital to acquire a 23% stake in Ini3 Digital, a Thai online game operator, it has been reported.

Tencent Holdings, the corporate investing unit of China internet group Tencent, has formed a strategic partnership with China e-commerce site, JD.com, which included Tencent acquiring a 15% stake in the business for a reported $214.7m. The move will enable Tencent to gain traction in the China market and beef up its competitiveness against the likes of other internet commerce sites, such as Alibaba.

India classified ads business Quikr raises $90m growth funding, led by Kinnevik and supported by current investors including Nokia Growth Partners and eBay.

IDG Ventures India and private equity firm Ascent Capital have invested equity capital in India-based document software management company Newgen Software. The round is worth INR 1100m ($17.61m) Other corporate investors that have backed the business include HSBC Private Equity (Asia) and SAP Ventures.

Indonesian crowdsourcing graphic design platform Sribu.com raises series A funding from Japanese software company Infoteria Corporation.

Fosun Venture Capital, the corporate venturing unit of the eponymous China conglomerate, is pumping tens of millions of dollars into social media marketing, namely with its recent series B investment in Kongming.

DeNA, a Japanese games site operator, has acquired a minority stake in South Korea-based VCNC, developer of the social communication app Between.