SAIC Motor's Shang Qi Capital unit has raised $145m for the automotive technology-focused fund, which includes Shinry Technologies, Shanghai Diesel Engine and SAIC Capital as LPs.

Limited partners including Apple, Foxconn, Microsoft and Dai-ichi Life have agreed to commit to the massive-scale fund, which is in talks to secure even more capital.

Bennett Cohen has left Shell Ventures to join Petronas' corporate VC vehicle, which was set up by former GE Ventures managing director Ricardo Angel earlier this year.

CaixaBank, Global Payments and Ingenico have come together to devise the Spain-based accelerator, which will target e-commerce and fintech startups.

Telecommunications firm US Cellular has disbanded its strategic investments and partnerships group having made some executive changes in May.

Standard Chartered and Goldman Sachs look likely to be joined by Apple and Microsoft, while SoftBank will commit about $40bn to the fund's forthcoming second iteration.

State-run Bank Negara Indonesia is planning to launch a corporate venture capital fund to invest up to $50m in fintech startups including mobile wallet provider Finarya.

The telecommunications group is expected to supply as much as $50bn to the vehicle, which may be announced as soon as this week.

VR tech developer Moiin will seek $100m for a new vehicle to back small VR projects as it pursues internal development of high-spec VR systems and an immersive VR software platform.

Financial services provider Consorcio has partnered HCS Capital Partners and will invest $20m in Latin America-based fintech startups over the next five years.