Last month, Xfire hired Malcolm Casselle as chief executive and simultaneously announced a joint venture with China Youth Goyor Technology to bring an enhanced suite of Xfire's services to the China market, Xfire said.

The 3D lifestyle gaming company wins strategic backing from Metaverse Services, a China-based gaming company.

Intel Capital-backed Prime Telesystems reportedly raises funds from an unnamed Asia-based telecoms company.

The "PayPal Japan" joint venture is expected to be led by Japan-based technology company Softbank's Hiroaki Kitano.

Qualcomm Ventures's QPrize is set to select eight finalists from across the globe, and the competition's reach has been expanded to include Brazil and Eastern Europe.

SAP's corporate venturing unit is reportedly re-thinkings its level of investment in India, due to changes to the tax rules there, after investing in four companies in the region.

LVMH's Asian corporate venturing unit has its eye on hooking up with a big Chinese wedding photography business.

BASF Venture Capital joins other unnamed multinational corporations and Fortune 500 companies backing the China Environment fund managed by Tsing Capital.

Amobee advertises its level playing field.

The India-based microfinance firm launches a $10m lab to promote financial inclusion.