The China-based private equity firm will reportedly work with the three corporates, including Cathay Financial Group, to invest in app design companies.

The India-based clean tech fund has already raised $9m with backing from BP Ventures and the Indian government.

Sadara, a Palestine-focused investment firm, is reportedly nearing its first investment after raising a fund last year backed by Google, Cisco and others.

InnoSpring, a US-China incubator backed by China-based Tsinghua University Science Park, launches its seed fund with backing from firms including Kleiner Perkins Caufield & Byers and TEEC Angel Fund, which is founded and funded mainly by entrepreneurs and executives graduated from Tsinghua University.

InnoSpring, a US-China incubator backed by China-based property company Shui On Group, launches its seed fund with venture capital backing from firms including Kleiner Perkins Caufield & Byers and Northern Light Venture Capital.

Netease, a China-based gaming company, which has grown to a market capitalisation of $7.3bn after being founded 15 years ago, is reportedly eyeing an early growth stage fund.

Chrysalix Set has secured an initial close from the two backers of its first fund, Essent and Delta, Netherlands-based utilities, allowing it to remain active in the market.

SAP Ventures is running the $155m fund, which will reportedly also focus the traditionally late stage corporate venturing firm on early stage deals.