Alibaba Competitor Wanda E-commerce Raises $161M At $3B Valuation
TechCrunch China-based Wanda E-commerce, which hopes to position itself as a rival against Alibaba, has raised one billion RMB (about $161 million) in funding from investment funds Shengke Limited and Hong Kong Xu De Ren Dao E-commerce Investment Co. Wanda E-commerce...
Chinese Fashion And Lifestyle Site Yetang Raises $5M Led By DCM
Yetang, a Chinese site that sells fashion and lifestyle products by smaller brands and designers around the world, has raised $5 million led by DCM. While smaller e-commerce sites face plenty of competition from formidable rivals like Alibaba’s marketplace Taobao,...
Social Cloud Storage Platform Hive.im Raises $500,000 In Seed Funding
TechCrunch The cloud storage business is already crowded, with leading competitors including Dropbox, Google Drive, iCloud, Box, and OneDrive. Hive.im, which just came out of beta, is one of the latest entrants in the space, but it hopes to stand out by turning cloud...
News Corp Buys India-Based Financial Planning Service BigDecisions.com
Fresh from making its first investment in India last month, News Corp has now completed its first acquisition in the country, buying financial planning service BigDecisions.com as Next Big What first reported. The service is designed to be a one-stop-shop that uses...