ZhenFund, a China angel investment firm founded by Xu Xiaoping, the co-founder and former Vice Chairman of NYSE-listed Chinese education services provider New Oriental, has invested an undisclosed RMB 7-digit figure in a second round of new funding for Guangzhou Zhoumo Network Technology. The China student-focused mobile SNS application developer will use the funds to add features to its "Super Curriculum" app and expand its development team.

China-based online trade site, Alibaba, has increased its stake in China-based mobile browser company UCWeb and in the process replaced two investors.

Salespoeple motivator LevelEleven raises $2m from investors including Salesforce.com.

Chauffeur car booking service Careem raises $1.7m, led by Saudi Telecom Company, to expand across Middle East.

Japan-based Rakuten, an electronic commerce, internet services and digital media content company, is on an ambitious path to one day go neck and neck with Amazon and Lovefilm subsidiary, Netflix. Its recent acquisition of Singapore-based Viki.com, a crowd-sourcing multi-lingual video streaming company, is likely to give it the global edge it needs to build scale. The Japanese company is reportedly set to pay close to $200m for Viki, according to media sources.

Personal service aggregator Eruditor raises $12 million from Intel Capital, Frontier Ventures, and Runa Capital.

Reactor Inc, creator of personal newscaster app Winston, is reported have received a strategic investment from Samsung.