The corporate will back innovative technology up to series B stage and has announced the first 10 portfolio companies for the newly launched unit.

The game producer's Shanghai Stock Exchange flotation has provided exits to shareholders including IDG Capital Partners and Ping An Insurance.

Qinbaobao, operator of a platform for baby videos and photos, has raised an eight-figure amount in a series B round led by conglomerate Fosun.

Media subscription app Scoop had received $2.4m in funding from Kompas in 2013, two years after Mitsui had participated in a $770,000 round.

Mobile advertising platform Yeahmobi raised the money in a private placement, eight months after Xiaomi led a $25m round for the company.

Car parts maker Valeo has acquired a 50% stake in CloudMade while Nasdaq-listed game producer Glu Mobile said it has acquired a controlling interest in Crowdstar.

AT&T effectively owned a minority stake in Invidi having bought DirecTV in May 2014.