The agreement will help Aureos' portfolio companies in south-east Asia and MSIVC's investee companies in Japan gain exposure to each other's markets.

The group buying website is seeking up to $92m from its initial public offering (IPO).

The newly formed corporate venturing fund will be investing half of the $26m earmarked for internet startups, in Indonesia.

The Taiwan-based financial services firm is aiming to raise up to $300m in funding for a corporate venturing unit which will operate in mainland China.

Singtel Innov8 is following up its investment in telecom company Bharti Airtel by jointly organising a startup weekend in Gurgaon, India.

Yoshitaka Kitao (pictured), chief executive of SBI Holdings, a financial conglomerate originated from Japan-based Softbank's investment division with no capital relationship since August 2006.

Construction machinery manufacturer XCMG has launched an investment unit, which will provide corporate venture funding alongside more conventional services.

China-based private equity firm Yunfeng joins a pool of backers investing in Alibaba after launching a joint mobile and cloud computing investment fund last month

IDG Ventures has invested $4m in the India-based e-commerce company.

The Saudi Arabian diversified manufacturing and chemicals company has launched a Europe-based corporate venturing arm, to be known as SABIC Ventures.