The companies will collaborate on healthcare-specific communication technology, which could include a dedicated smartphone model.

The new entity, Katalyzers, formed in conjunction with Smile Group, will invest in internet and e-commerce companies' activities in emerging economies.

Classified property listings website Lamudi, a subsidiary of Rocket Internet, has secured $7m from Tengelmann's corporate venturing unit.

GS Venture, a subsidiary of technology developer GS Group, has made a seed investment in Tellyo.

The corporate venturing unit of SingTel will link with AIS, Globe Telecom, Optus and Telkomsel to provide mentoring for

Marijuana-focused media company High Times is establishing a $100m fund that will invest in marijuana-focused business startups.

The Japanese company, which has interests in media, human resources and advertising, intends to invest in up to 30 startups.

The China-based e-commerce company is set to extend its acquisition activity by buying navigation service AutoNavi in a deal worth about $1.5bn.

The healthcare company made a 52% profit from the sale of its 11% stake, originally acquired in 2012, back to Vodafone for $1.48bn.