Phoenix Media Fund, which is partly run by co-general partner, Hong Kong-listed broadcaster Phoenix TV, reportedly raises a $300m maiden fund for investments into Chinese media companies.

Japan-based Gree begins its expansion into second party mobile games with a $3m minority investment into mobile games developer Munky Fun.

Korean e-commerce company G-market leads the $12m Series A into online discount website NoMoreRack

Globe Telecom invests $100,000 in Kalibrr, a startup aimed at capitalising on growth in the Philippines's offshore outsourcing sector.

Samsung is close to signing a deal for a prominent venue in downtown Palo Alto that will house a start-up accelerator, according to news provider All Things D.

Eleven of the 31 teams in its Esurfing Innovation Technology Company are from outside the company, according to news provider Techne!.

Chinese social media firm YY begins IPO on the NASDAQ Stock Exchange. The share prices rose 7.7% after the first day of trading.

Malaysia-based Genting Management has committed $112m, in return for a 20% stake, in biotech company TauRx.

On track for global dominance.