KDDI’s innovation fund tabs MistCDN and Ossia for fresh funds

JapanLast summer, KDDI launched a new US$50 million fund. Today, two more startups received funding from the Open Innovation Fund, with the announcement coming at the Japanese telco’s seventh demo day. Terms for the deals were not disclosed. Mist Technologies makes a clever browser plugin that allows browsers in a similar geographical location that are streaming the same content to share it amongst themselves. This means that slow upload times for popular content can be avoided.

Chinese food delivery startup gobbles up $350M funding from Tencent, other backers

ChinaThe funding round was confirmed today to be worth US$350 million, with the investment contributed by CITIC, Tencent, JD, Dianping, and Sequoia China. Tencent binds a lot of this together as it owns a 15 percent stake in JD and a 20 percent stake in the Yelp-like Dianping. This move could result in’s food ordering service being integrated into Dianping and/or Tencent’s WeChat messaging app. The headline has been amended with the new information. The original article from January 13 is unchanged below.)

Taiwan government to invest over $80M across four VC funds including 500 Startups

TaiwanOn Friday, Taiwan’s National Development Council announced plans to invest US$83 million in four different venture capital firms, in hopes of spurring growth for the island’s startups. The NDC will invest US$15 million in 500 Startups. It will also give US$12 million or match 30 percent of LP contributions to AppWorks‘ upcoming fund, and US$20 million or match 30 percent of Translink Capital III’s upcoming fund. In addition, the NDC will invest US$30 million in a joint venture fund run by the Battelle Memorial Institute’s360ip and Taiwan’s Industrial Technology Investment Corporation.

Tiger Global invests in India again, leads $100M funding for online retailer ShopClues

Money_CashIndian online retailer ShopClues has raised US$100 million in a Series D funding round led by Tiger Global and two of its existing investors, Helion Venture Partners and Nexus Venture Partners. This is yet another big bet made by Tiger Global on the Indian ecommerce sector. The New York-based investment firm has so far put money into Flipkart, real estate portal CommonFloor, and messaging app Hike – among others.

Xiaomi to buy stake in software firm Kingsoft from Tencent

BEIJING: China’s Xiaomi Inc has agreed to buy about 3 percent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million ($67.99 million), according to a Kingsoft filing on Monday. The deal with Xiaomi, the world’s third-biggest smartphone maker, is expected to close on January 30, the filing to the Hong Kong exchange said. Chinese social networking and video game giant Tencent will still hold 9.6 percent of Kingsoft.

China to set up a US$6.5 billion fund for startups

China will be creating a government venture capital fund worth 40 billion yuan (US$6.5 billion) to support start-ups in emerging industries. “The establishment of the state venture capital investment guidance fund is a significant step for the combination of technology and the market, innovations and manufacturing,” reported Reuters citing China’s State Council’s (the cabinet) statement on 14 January 2015.

One year after launch, WeChat’s investment fund has 10 million users who’ve banked over $16 billion

This time last year, popular messaging app WeChat launched an online personal investment fund for its users in China. It allows people to get better interest rates for their savings than from banks. Now WeChat’s maker, Tencent, has revealed that the wealth fund has 10 million users who’ve banked a total of RMB 100 billion, which is US$16.2 billion. That amounts to an average of US$1,610 for each user.

App Annie lures in $55M in latest funding

Sino-US startup App Annie, an app analytics service for developers, revealed today that it has secured US$55 million in series D funding. The investment eclipses the previous US$17 million round in May 2014, which was accompanied by news that it had acquired competitor Distimo for an undisclosed sum. App Annie’s newest input comes from Institutional Venture Partners (IVP), with participation from existing investors Sequoia Capital, Greycroft Partners, and IDG Capital Partners.

Qihoo 360 Invests USD400 Million To Build JV With Coolpad

Qihoo 360 has invested USD409.05 million to create a joint venture with Coolpad. The joint venture, which is 45% owned by Qihoo 360, will be responsible for the design, manufacturing, and sales of mobile terminal products such as mobile phones. Taking the Internet as its major sales channel, the joint venture will use Coolpad’s experience in smartphone design, manufacturing, supply chain management, and post-sales services as well as Qihoo 360’s mobile application development and online marketing capacities.

Infosys beefs up innovation fund to $500 million

BANGALORE: India’s second largest software services firm Infosys will expand its ‘Innovation Fund’ five times to $ 500 million to provide financing to start-ups and new technologies like artificial intelligence.  “I am very excited that our board has approved expanding our start-up funding firm from 100 million dollars to 500 million dollars and we will dedicate a part of that investing in India,” Infosys CEO and Managing Director Vishal Sikka said.

Infosys expands startup fund five-fold, appoints former M&A head Deepak Padki to lead it

BANGALORE/MUMBAI: Infosys, the second largest IT player in India, expanded its global innovation to fund to $500 million, from $100 million, as it looks to focus on new ideas and products, and has appointed its former head of M&A to lead its engagement with startups. “The company has expanded its innovation fund ….to support the creation of a global eco-system of strategic partners.

World Bank publishes visualisation of all Indian projects

Want to know whether investment is reaching the most important development issues in India? The World Bank has published an interactive visualisation and mobile app connecting every one its projects in the country and how much funding each project is receiving. In the Open India app, you can get an overview of the economic and social challenges in the country or drill down into the details of projects.

CommonFloor joins Freshdesk in Google Capital portfolio. Here’s what it means to the Indian startups

Google Capital today announced its second investment in India – real estate portal CommonFloor, a tech-based disruptor in this space which is poised for take-off. Indian Institute of Technology (IIT) Roorkee graduates Sumit Jain and Lalit Mangal started CommonFloor in December 2007 with another techie friend Vikas Malpani. Initially, it was meant to be an online space where people living in apartment complexes could collaborate to solve problems.

Wipro Enterprises exit plan upsets some investors

A handful of original investors of Wipro, who became shareholders long before the company became a poster-boy of IT (information technology) in the country, are an upset lot. These shareholders, who invested in the 1970s, are opposing the company’s move to take Wipro Enterprises, which was demerged from the software major in 2013, private.

Chunghwa Post cancels China investment plan

TAIPEI–Taiwan’s official postal service Chunghwa Post Co. (中華郵政) has decided not to go ahead with a plan to invest in the securities market in China, the company’s chairman Philip Ong (翁文祺) said Monday, citing public concerns and investment risks. Chunghwa Post had proposed in November to revise the existing Management Measures for Postal Savings Investing Bonds and Bills, to allow the purchase of Chinese securities as part of its efforts to manage its funds efficiently.

TSMC has to find long-term perspective for China investment, says Chang

Taiwan Semiconductor Manufacturing Company (TSMC) has to develop a long-term perspective about investing in China, said company chairman Morris Chang, in response to the China government-led industry investment fund announced recently. TSMC has developed some thoughts about making further investments in China, but they are still immature at this stage, said Chang.

China’s Xiaomi raising more than US$1b in funding: Report

BEIJING: China’s top smartphone seller Xiaomi Corp is raising more than US$1 billion in a fresh round of funding, a move which would raise its valuation above US$45 billion, a report said on Sunday (Dec 21). Dow Jones Newswires, citing a person familiar with the issue, said the latest round of funding could close as soon as Monday. It was being led by tech investment fund All-Stars Investment and also involved were current shareholders Russian investment firm DST Global and Singapore sovereign-wealth fund GIC, the report said.

Flipkart pulls in new investors for its latest $700 million funding, files for conversion to public company in Singapore

India’s homegrown ecommerce leader Flipkart just announced another whopping funding round. This time, it raised US$700 million investment from new investors Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates,​ and Qatar Investment Authority, along with existing investors DST Global, GIC, ICONIQ Capital, and Tiger Global.

With $12.6M more in the bank, MoneyForward is ready to push adoption of cloud accounting

MoneyForward, an online accounting startup servicing both individuals and companies, announced today that it raised a series B round of JPY 1.5 billion (US$12.6 million). Credit Saison, software publisher Sourcenext, Jafco, Mitsui Sumitomo Insurance Venture Capital, GMO Venture Partners, and Dentsu all participated in the round, with Jafco being a repeat investor.

Why Qihoo’s Coolpad investment is a good idea, but won’t set China’s mobile market on fire

While it may have been overshadowed in the global press by Baidu’s high-profile investment in Uber, make no mistake: Qihoo’s US$400 million partnership with Coolpad earlier this week is a big deal. Qihoo CEO Zhou Hongyi has been interested in getting into the mobile market for years. Qihoo experimented with mobile partnerships repeatedly in 2012, releasing three separate phones with manufacturing partners including Haier and Huawei, but none did particularly well. This week’s investment is a much stronger push, though: