Fosun Venture Capital, the corporate venturing unit of the eponymous China conglomerate, is pumping tens of millions of dollars into social media marketing, namely with its recent series B investment in Kongming.

Fabless semiconductor Newlans raises $15m series B funding round led by Intel Capital and including Lockheed Martin Corporation.

Penn State spin-out Strategic Polymer Sciences secures $8m series B and name change to Novasentis.

Fosun Venture Capital Investment, the corporate venturing unit of Chinese industrial conglomerate Fusun Group, has led a $21.5m series B round of funding for game portal operator, Joyme.com. Fosun is no stranger to the gaming world, having already invested in gaming sites Perfect World and LineKong.

The corporate venturing unit of Chinese e-trader Alibaba Group, Temasek and Qiming Venture Partners have invested in a $100m series B round of funding for a China-based tutoring company. The target company, TutorGroup, forecasts the adult English language-learning segment alone within China is growing at 25% annually, and will grow to more than US$21bn by 2016.