NTT Investment Partners, a corporate venturing unit of Japan-based phone operator Nippon Telegraph & Telephone (NTT), has acquired a minority stake in Kanban Musume.

NTT Investment Partners, a corporate venturing unit of Japan-based phone operator Nippon Telegraph & Telephone (NTT), has invested Y38m ($500,000) in cloud service provider Nihon Gigei.

Migo mainly provides digital services including software development, hardware engineering, content acquisition, infrastructure deployment and mobile ecosystems in Taiwan and Philippines.

Founded last year, Telstra Applications and Ventures Group provided an undisclosed multi-million dollar amount to Dimmi and earlier in the month introduced its BigPond Dining website in collaboration with the new portfolio company.

The company plans to invest RMB 200m ($30m) for start-ups to be incubated by China Telecom for two years with between RMB50,000 and RMB100,000 each.

L Capital Asia, an LVMH-backed investment fund, plans to invest around $19m in India's leading cinema company PVR.

Legend Capital backs China-based cosmetics e-retailer Yesa.

The Japan-based mobile operator buys a 20% stake in its joint venture with China-based search provider Baidu.