Consumer

Taiwanese manufacturing partners AmTran and Foxconn will exit the consumer electronics producer in the deal, which LeEco hopes will enhance its business in the US.

The Rocket Internet-founded Global Fashion Group's Indian platform, Jabong, has been bought for $70m, less than two years after reported talks over a $1.2bn acquisition.

Outdoor advertising firm Focus Media plans to launch four $75m corporate venturing partnerships to invest in internet, technology, entertainment, education and travel technology.

Sega Sammy and Septeni have supported KK Fund's second vehicle, which will focus on early-stage startups across Southeast Asia, Taiwan and Hong Kong.

Channel 4's ad for equity unit, Commercial Growth Fund, was among the round's participants, joining existing backers DN Capital and Octopus Ventures.

Global Fashion Group's latest funding makes it one of several Rocket entities to have raised cash this year, but they will need to stem losses before the money tap turns off.

UBtech, backed by Anhui USTC iFlytek, has added $100m to its coffers to boost R&D efforts for its family-friendly robots.

The luxury goods provider's L Capital Asia unit is taking a 7% stake in the Korea-based cosmetics brand, with Groupe Arnault also set to invest.

The Tengelmann and Access Industries-backed Global Fashion Group has raised the money from Rocket Internet, its RICP fund and Kinnevik in a down round at a $1.1bn valuation.

Chernin Group has returned to lead the follow-on to a series B round it had already invested in, along with WME, Live Nation and Universal Music, bringing Doppler's total funding to $50m.

A survey found a 16 percentage point rise in the number of Brazilian corporations investing in startups.