Telecoms

The telecommunications company has partnered venture firm Global Brain for a fund that will invest in VC funds targeting 5G-relevant companies.

Tencent led a $3bn funding round raised by e-commerce platform Pinduoduo at a $15bn valuation.

NTT Group is preparing to launch a third corporate venturing fund in July this year aimed at technologies such as artificial intelligence.

Alisports, the sports affiliate of China-based e-commerce firm Alibaba, received $190m from China Taiping Insurance, while announcing an acquisition of its own.

Granath had been responsible for the growth investment portfolio of Division X at Telia for three years.

The file storage cloud platform Dropbox floated above the original range it had set in an oversubscribed IPO which valued it at over $8bn.

Uber will acquire a 27.5% stake in Grab as part of a deal where the latter will get its local operations, as a small number of players tighten control of the sector worldwide.

Ultimately, those unwilling or unable to compete at the top end of creating market-leading companies risk effectively bringing a knife to a gun fight - they can win sometimes in some areas, but the chances might be against them.

Delta Electronics Capital contributed to a Jafco Asia-led series C round that took the wifi hotspot technology provider's total funding past the $50m mark.

Innovative region: Canada

Sector focus: Industrial