Kore, which provides business management software for entertainment companies and sports franchises, has formed a strategic investment arm and closed its first deal.

Spain-based bank Santander has set up an accelerator in Brazil with entrepreneurship organisation Endeavor to back financial technology developers.

Conglomerate Loxley's IT services subsidiary Loxbit has combined with private equity fund TIH to form a fund that will back Thailand-based startups.

The electronics manufacturer, which formed a $150m technology investment fund last month, could also launch an AI-focused fund that would make CVC deals and acquisitions.

Meituan-Dianping has secured Tencent and New Hope Group as limited partners for a fund that will seek to develop an ecosystem around its local services platform.

The clothes e-commerce company aims to welcome 15 to 20 local startups to its new program as it also seeks more international brands for its marketplace.

The financial services firm plans to initially complete up to 20 deals through the fund, which will support fintech and several other technologies.

The US-based venture capital fund has secured Singapore Press Holdings as a limited partner as it closes $40m in capital.