Wellcome rates venture investing now as 7.5 out of 10, similar to Brooks Zug, senior managing director of funds of funds manager HarbourVest Partners, who rates venture investing now a "nine" out of 10.

publisher International Data Group's China-based corporate venturing unit floats Qihoo 360 Technology with first day pop and raises two funds.

Led by Ravi Thakran, LVMH's fund will invest in companies covering lifestyle retail, lifestyle food and beverage, beauty and wellness, boutique hospitality, media and entertainment and private education in China, India, South East Asia and the Middle East.

Alongside existing LPs and corporate venturing units, Bessemer added university endowments and family offices into the $1.6bn BVP VIII fund.

DST Global - 2 will invest in later-stage companies, such as discount coupon provider Groupon in January, reported news provider Vedomosti.

Japan's CyberAgent will open an office in Taiwan in June. According to news provider Nikkei, CyberAgent will invest $120m in start-ups operating in China and Taiwan this year.

The fund, BTEL 2.0, will help start-ups and small technology companies in Indonesia, according to news provider Penn Olson.

Cabiedes & Partners launches $35m angel fund with backing from European publishers.