The photo, video and livestreaming platform is readying a $1bn round led by Tencent that will value it at $18bn in advance of a flotation later this year.

Video recipe platform developer Dely has secured just over $30m from SoftBank, Akatsuki, United and Yahoo Japan, taking its total funding past $60m.

Qihoo 360 Technology has joined forces with Beijing Cultural Center Fund to launch an investment fund aimed at internet and culture-focused companies.

MTG had bought a 75% stake in Trace in 2014 in a deal that valued the media network operator at $54.4m.

Tencent and Globe Telecom were among the investors in a round that reportedly values the publishing platform at almost $400m post-money.

The marketing technology producer will be a partner for MathCapital, a newly formed venture capital fund that will operate out of the corporate's head office.

The media and advertising group provided the capital for venture capital firm Spiral Ventures' Asia fund, which has a $50m target.