China’s outbound M&A value hits record high: PwC

May 24, 2013 | News

China Daily 22 May 2013 BEIJING – The total value of China’s outbound mergers and acquisitions in 2012 reached a record-high $65.2 billion, marking a five-fold increase from $10.3 billion in 2008, a PricewaterhouseCoopers (PwC) report said Wednesday. Since...

Grishin Robotics invests $500,000 in Swivl video docking station

May 24, 2013 | Central & Eastern Europe, News

East-West Digital News 23 May 2013 The Grishin Robotics investment company, established by Mail.ru Group CEO Dmitry Grishin, announced yesterday that it has invested $500,000 in Swivl, a robotic video platform for iOS devices. This funding round brings the total...

Russian offshore software developer Luxoft heading toward New York IPO

May 24, 2013 | Central & Eastern Europe, News

East-West Digital News 24 May 2013 Luxoft, a major offshore software developer headquartered in Moscow, announced today that it has filed a registration statement for a proposed initial public offering of its Class A ordinary shares. The book-running managers in the...

Venture Capitalists Are Making Bigger Bets on Food Start-Ups

May 24, 2013 | Global, News

New York Times 22 May 2013 What if the next big thing in tech does not arrive on your smartphone or in the cloud? What if it lands on your plate? That idea is enticing a wide group of venture capitalists in Silicon Valley into making big bets on food. In some cases,...

Chinese pharma companies look West

May 23, 2013 | News

China Daily 20 May 2013 Many seek partnerships, mergers and acquisitions to build brands Several Chinese pharmaceutical companies have been recognized by the overseas medical industry largely because of their partnerships with multinational giants. Zhejiang Hisun...

Tri-Ring to buy Polish bearings maker

May 23, 2013 | News

Shanghai Daily 21 May 2013 CHINA’S Tri-Ring yesterday signed an agreement to buy Polish bearings maker FLT Krasnik, the second-largest Chinese investment in Poland, its industrial development agency said. The group signed the accord with Poland’s treasury...