The News Corporation-backed online advertising company could raise up to $100m when it floats in the US, and will use the cash to expand its Chinese base.

Intel helps cloud company July Systems take its total funds raised to an estimated $40m.

The joint fund set up by the Indian and Asian investors will invest in information and communications technology companies globally.

Madhouse is expanding its mobile advertising service from China to India, as WPP makes an undisclosed investment.

The LVMH-owned corporate venturing fund is set to push its Asian spending to $1bn when it raises its second fund this year, with much of the investment going towards China.

The Silicon Valley veteran will act as technology advisor for the mobile advertising startup, having held roles at Facebook, Yahoo!, Oracle and Skype among others.

Retail analytics company Manthan, backed by Fidelity and IDG, has raised $15m in its series C round and is now looking towards making acquisitions of its own.

Financial markets software developer Dion Global has issued stock worth about 16% of the company to IT servies firm Mahindra Satyam for about $7m.

The multimedia transmission services company will become the Israeli division of Canada-based ATX Networks after it was acquired for $26m, granting an exit to the Mer Group.