Shanghai Financial Industrial Fund Management Co., manager of the 20 billion yuan (US$2.9 billion) Shanghai Financial Industrial Fund, is seeking additional investors in the fund, according to Shanghai Securities News. Shanghai Financial Industrial Fund is the city's first industrial fund. It has set 8 billion yuan as its first closing target. (People's Republic of China)

The Beijing Private Equity Association and the China Association for Peaceful Use of Military Industrial Technology announced the launch of the Army-Civilian Integration Industry Development Fund L.P., the country's first industrial fund focused on the military industry. The proposed fund will have a fund size between 15 billion yuan and 20 billion yuan (US$2.2 billion and US$2.9 billion) and will be managed by Army-Civilian Integration Industry Development Fund Management Co. (People's Republic of China)

Qualcomm Ventures, the corporate venture arm of Qualcomm, has led a US$9 million financing round for CE Info Systems (Pvt.) Ltd., along with other existing investors of the company including Kleiner Perkins Caufield & Byers, Sherpalo Ventures and Nexus India Capital. (India)

ICICI Venture Funds Management and Kotak Private Equity Group have reportedly invested an additional 1.5 billion rupees (US$30.2 million) in Home Solutions Retail Ltd. through the latter's recent rights issue.
       Home Solutions Retail is a part of the Future Group, which is the sponsor of Indivision Capital Management. (India)

Nine Rivers Capital Management, manager of a US$125 million India-focused fund, has deployed 500 million rupees (US$9.95 million) to Pranav Construction Systems Pvt. Ltd. The engineering company is the fund management firm's first investment.(India)

ePlanet Ventures announced its investment in FOI Corporation for an undisclosed sum. FOI is a semiconductor equipment maker specialising in etching equipment with original competitive plasma technologies. (Japan)

CDH Investments is one of the investors known to be in talks with Beijing Huaqi Information Digital Technology Co., Ltd ('Huaqi') for a stake in the company, according to Huaqi's spokesman.
       Huaqi is a manufacturer of electronic products for consumer and professional markets, and is planning to sell a 30% stake to investors. (People's Republic of China)

Nokia Growth Partners will inject about US$6.8 million in KongZhong Corporation, a mobile internet company. This is the second time that KongZhong is known to have raised funds from private equity investors. The first time was in 2003, when it received US$3 million from China Assets Investment Management Limited and Draper Fisher Jurvetson. (People's Republic of China)

MBK Partners and Affinity Equity Partners are known to be bidding for Oriental Brewery, the South Korea subsidiary of Ahuerser InBev, which is seeking to dispose of its non- core assets. (South Korea)

WI Harper Group has recently bolstered its senior management resources by naming five new members. They include Dr. Jackson Hu and Dr. Kang Sun, as well as Mr David Lam who was formerly a Vice President of The Carlyle Group. (People's Republic of China)