Ashwin Raguraman, vice-president of IIF, will join the board of IKen, which was started in 2005 and has developed Mooga as an analytics tool to understand consumer behaviour and allow firms to personalise their service to them.

Innovation Works closed its first dollar-denominated fund at $180m in September last year while Tencent committed to the RMB700m Development Fund.

Purplestream is also relocating to Singapore to launch its broadband video serivce in Asia.

Vision Knight Capital, a private equity fund co-founded by David Wei (pictured), former chief executive of China-based online retailer Alibaba, is trying to raise $300m.

Motion Beat, a Japan-based internet advertising company formerly known as NGI Group until this year, has invested Y40m ($600,000) in Small Bridge, which operates the online learning service Cafetalk, through its corporate venturing fund, NGI Venture Community Fund II.

Quan, a Japan-based smartphone messaging application developer, has sold shares to local e-commerce firm Netprice and venture capital firm East Ventures.

Dentsu set up a Y10bn ($125m) corporate venturing fund, Dentsu Digital Fund, in October 2010.

NTT Investment Partners, a corporate venturing unit of Japan-based phone operator Nippon Telegraph & Telephone (NTT), has invested in local social network Agile Media Network (AMN).