IDG and Prada have reached an agreement to acquire stakes of about a fifth each of the shares issued by handbag maker Sitoy in its forthcoming IPO, according to International Financing Review.

The biopharmaceutical company has launched a $50m technology and life sciences corporate venturing unit, according to its latest financial results.

WPP has made a follow-on investment in InGameAd, in China, alongside corporate venturing unit Singtel Innov8.

Intel's top corporate venturing executive echoes other concerns voiced this year about how the US is losing its dominance as the first equity market of choice for fast-growing young companies.

Steel manufacturer Nanjing is joining its parent company Fosun International in searching for corporate venturing opportunities.

Lithium ion battery company A123 Systems has licensed its technology to IHI Corporation, and will receive $25m of equity in return.