Education platform investment follows reports from Marbridge that said Tencent was in talks with senior executives at New York-listed online video service Youku to take a minority stake.

Taizhou Huan Sheng Investment Management Company, a subsidiary of 3SBio, will manage 3SBio Ventures. Taizhou Oriental and 3SBio have committed RMB50m and RMB200m respectively to the fund, with 20% of the total drawn down initially.

The series A round comes after the China-based company was founded two years ago.

The shine is taken off Gary Wei Wang-led Tudou's $174m initial public offering after the company's stock price falls on its first day.

Wuhu Yaxia, 2% owned by Shanghai Zichen Electrical, lists in Shenzhen, China.

Just Dial, an India-based search engine backed by Germany-based technology company SAP, has reportedly filed for an initial public offering.

MakeMyTrip takes a near 20% stake in India-based travel aggregator Ixigo, while private equity partner Saif Partners buys a majority.

The corporate venturing unit of the US-based chip manufacturer lands a Taiwan telecommunications exit, while a US-based portfolio company buys an India-based entertainment company.

L Capital Asia reportedly buys a stake in a Hong Kong-listed diamond supplier, and reportedly strengthens its ties to Indian fashion company Genesis Luxury.

The corporate venturing unit is looking to increase its size substantially from its present capital of Y360m.