NHN, operator of South Korean web portal Naver, is setting aside $90m to back small IT companies and venture start-ups, just as South Korea's Fair Trade Commission investigates NHN's "tremendous power" over advertisers and software developers.

Big data that is linked to influencing personalised recommendations and customer preferences is at the heart of a $10m series B round of funding backed by corporate venturing units IDG Capital and East Sky Investments.

Fung Capital USA, a venture capital fund affiliated with Li & Fung Ltd, has led a $10m series A round for a US-based start-up that is racking up tens of millions of dollars in added sales for its clients, which include large brands and e-commerce companies.

Being an entrepreneur in Myanmar is painful and you have to be gutsy. If you want to set up a business in this virgin land of business opportunities you had better put your sense of humour on standby and have bottles of antacid and headache tablets at the ready.

Concentrating solar thermal power technology (CSP) company, backed by Alstom Power, Chevron and BP, raises $15m and becomes technology supplier to China's first commercial scale CSP project.

Ryerson University partners with the Bombay Stock Exchange to open Indian incubator.

SingTel Innov8, the corporate venturing unit of Asia-based communications company, SingTel Group, has invested $10m in international design lifestyle shopping site, Fab. SingTel joins fellow series D round investor Tencent, the Asia-based internet services and instant messaging company. The series D round has raised about $160 so far.

China-based iBoxPay, which provides a solution for making and accepting payments via mobile phones with the use of a dongle, has caught the eye of SMIT, a China-based company specialising in secure digital content delivery.

IDG-backed app analytics provider releases new version of platform for tracking app store downloads.