German retailer Tengelmann Group has invested $3m in Asia price comparison site PricePanda. The capital will be used to expand into other markets in South East Asia.

Daum Communications,the largest Internet portal site in South Korea, with market cap of over $1bn and also one of the leading webcomic service providers in Korea, has invested $2m in a series A round for Tapastic, a US online portal for webcomics.

The Microsoft Ventures Accelerator in Beijing China has selected the 19 start-ups that will participate in the fourth Beijing Accelerator class taking place in January. Accelerator Participants receive an average $250,000 worth of resources.

Corporate venturing unit IDG Ventures sees a buoyant future in the mobile-based field sales technology segment. The investor has invested an undisclosed amount of capital in this series A round of funding for India field employee-focused sales software company FieldEZ Technologies.