Online Retailor ZALORA Announces US$100 million New Funding
Home > E-Commerce > Online Retailor ZALORA Announces US$ 100 million New Funding
By Tracey Xiang on May 22, 2013
Rocket Internet-backed online retailer Zalora announced that it just secured a USD100 million round of funding [...]
Thai police seize record 4.49 million meth tablets
APMay 22, 2013, 8:14 am TWN
BANGKOK–Thai police have seized 4.49 million methamphetamine pills found in an apartment in the largest meth bust ever in Bangkok.
Deputy Prime Minister Chalerm Yubumrung said Tuesday the tablets and [...]
Alibaba’s Financial Arm Made 1.1 million Loans to Online Retailers in Q1 2013
Home > E-Commerce > Alibaba’s Financial Arm Made 1.1 million Loans to Online Retailers in Q1 2013
By Tracey Xiang on May 21, 2013
In the first quarter of 2013, 25 thousand online retailers on Taobao and Tmall received [...]
Red Cross raises $22 million for Lushan quake
BEIJING – The headquarters of the Red Cross Society of China (RCSC) has received 135 million yuan (22 million U.S. dollars) in donations for Lushan earthquake victims, according to a statement released Friday.
Of the 135 million yuan [...]
Chery Denies Redundancies Rumor After 190 Million RMB Loss In First Quarter
Chery denied rumors earlier today that it is planning to cut 9000 from its workforce would undergo a series of redundancies after a 190 million RMB loss in the first quarter of 2013.
At the 2013 Shanghai Auto Show Chery announced its ‘One [...]
Ashton Kutcher and Demi Moore’s $10 million battle
Ashton Kutcher and Demi Moore are locked in a heated battle over $ 10 million, which the actress claims she is entitled to after the actor earned $ 20 million from an investment firm.
Ashton Kutcher and Demi Moore are locked in a heated [...]
Local Portal Platform 19Lou Announced RMB60 million Series A Funding
Home > Investment > Local Portal Platform 19Lou Announced RMB60 million Series A Funding
By Tracey Xiang on May 15, 2013
19Lou.com, a platform running local portal sites for Chinese cities, announced RMB60 million (US$ 9.7 [...]
Unhappy Maserati Owner Destroys His 2.6 Million RMB Car
If you’re unhappy with your current car due to technical malfunctions I am sure you can relate to this Qingdao based Maserati owner whom after several years of unsatisfied ownership of a fine Italian steed decided to smash it to pieces outside [...]
Greenhouse gas level highest in 2 million years
WASHINGTON, APMay 12, 2013, 12:02 am TWN
TAIPEI, Taiwan — Worldwide levels of the greenhouse gas that plays the biggest role in global warming have reached their highest in almost 2 million years — an amount never before encountered [...]
Alibaba Invests US$294 million for 28% of AutoNavi, Becoming Its Biggest Shareholder
AutoNavi (NASDAQ: AMAP), a Chinese digital map and navigation solution provider, announced that Alibaba has invested approximately $ 294 million in newly issued preferred and ordinary shares for about 28% of the company’s total [...]
Zhang Yimou may be fined up to RMB$160 million for having seven kids
The renowned Chinese director is rumoured to have breached China’s one-child policy for fathering seven children with four woman
Rumour has it that Zhang Yimou fathered seven children from his four previous relationships and may face a [...]
Alibaba Invests US$294 million in AutoNavi, Becoming Its Biggest Shareholder
Alibaba announced the investment in AutoNavi (NASDAQ: AMAP), a Chinese digital map and navigation solution provider, taking a 28% stake for US$ 294 million.
Maps seem to have become a must for every company who is expanding, or has to [...]
Beijing-based MadeiraCloud Raises US$1.5 million Series A Funding from Sequoia Capital
Home > Cloud Computing > Beijing-based MadeiraCloud Raises US$ 1.5 million Series A Funding from Sequoia Capital
By Tracey Xiang on May 9, 2013
MadeiraCloud, the cloud management and visualization tool, today announced [...]
Singapore-based Food Delivery Service FoodPanda Raised US$20 million Funding
Home > Investment > Singapore-based Food Delivery Service FoodPanda Raised US$ 20 million Funding
By Tracey Xiang on May 9, 2013
Foodpanda, a Singapore-based food delivery service with presence in 27 countries, announced [...]
Chris Evans buys $3.25 million mansion
Chris Evans has walked away from a bidding war for a new Hollywood home the winner after slamming down $ 20,000 over the asking price to buy the property.
Chris Evans has walked away from a bidding war for a new Hollywood home the winner [...]
China’s Baidu Acquires PPS For USD370 Million
Chinese search engine company Baidu Inc. has acquired PPS, an Internet video company, for USD370 million and it will integrate PPS with Iqiyi.com to provide better services to users.
Tang Hesong, general manager for Baidu’s enterprise [...]
China’s Baidu to Pay $370 Million for Internet Video Business
[unable to retrieve full-text content]China’s biggest search engine company said acquiring the Internet video business of PPStream would provide more television shows and movies for users and expand its offerings for advertisers.
NYT > [...]
Baidu Acquires PPS for $370 million, Will Merge It Into iQiyi
Baidu announces today the acquisition of PPS (or PPStream), a peer-to-peer video service, for US$ 370 million. The latter will be merged into iQiyi, the online video service wholly owned by Baidu. Gong Yu, CEO of iQiyi, will be the CEO of [...]
Changyou Acquires Remaining Stake In 7Road For USD78 Million
Changyou.com, the online game subsidiary of Sohu.com, reached an agreement with all minority shareholders of 7Road aiming to acquire the remaining 28.074% stake from these shareholders for about USD78 million.
With the completion of the acquisition, [...]
ASUS sells 3 million tablets in 2013 Q1, rakes in $202 million profit
The PC market may be shrinking, but ASUS’ plan to avoid being swept away by its rivals seems to be working. The Nexus 7 maker’s latest financials reveal it made $ 3.5 billion in revenue, coining a quarterly profit of $ 202 million [...]
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