The corporates will invest up to $500,000 in developers of game-related apps that can be distributed on Overwolf's app store.

Legend Holdings unit Legend Star participated in a $17.5m round for the augmented reality startup, which is targeting $50m in its next round.

The Tencent and Xiaomi-backed news aggregation platform was founded two years ago but was reportedly valued at $1.6bn in March.

Founding investors One97 Communications and AGTech Holdings have put $16m into mobile game developer Gamepind as it appoints a new COO.

The augmented reality technology developer, which closed an A+E and Google-backed round five months ago, has raised series B funding.

The social parenting community operator counts Alibaba, Fosun, Tal Education and Jumei as shareholders and is seeking a $5bn valuation.

SoftBank Ventures Korea invested in Mykoon, the owner of social radio platform Spoon, alongside KB Investment and Goodwater Capital.

Tencent invested in the audio streaming platform as part of a round that valued it at about $3.5bn post-money.

Digital media company and journalism organisation Civil plan to help launch 100 Asia-based media startups in the next three years.

IDG Capital and Huiying Borun have invested in Xinai Sport Media Technology, a joint venture launched by iQiyi and Super Sports Media this week.