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...
All Day Raises $2 Million To Be A Media Portal For The Twitter Generation
Would-be media moguls take heart: with nothing more than a Twitter handle and a dream, you can raise capital to become the next Vice or Vox Media Group, or Buzzfeed. All it takes is a knack for viral content, 2.15 million followers on your marquee Twitter account, and...
Inbox Messenger Raises $3.9 Million For Its Design-Focused Private Messaging App
TechCrunch A mobile messaging application called Inbox Messenger, which combines user privacy features with a minimalist design, has raised $3.9 million in seed funding, the company announced today. The investment, though higher than the average seed round, comes from...
Infinity Levels Raises $500,000 To Develop Supercell-Inspired Games In Southeast Asia
TechCrunch Bangkok-based gaming startup Infinity Levels has landed $500,000 in funding to help it follow the model of success popularized by Supercell’s business and its blockbuster smash title Clash Of Clans. Infinity Levels actually pivoted from an original focus on...
SoftBank Leads $90M Round For India’s Housing.com To Continue Its Asian Spending Spree
TechCrunch SoftBank’s investment spree in Asia is continuing today after the company announced a $90 million round for Locon Solutions, the company behind India’s Housing.com property portal. The Japanese telecom giant led the round in the property search company,...
Taiwan Startup iFit Raises $3M Series A To Expand Into China And Southeast Asia
TechCrunch iFit, an online fitness and weight loss community based in Taiwan, has raised a $3 million Series A led by Cherubic Ventures, with investors including Yuan-jin Capital, Sino Strategy Group, Alan Chien, and Ming-zhe Ou, the former general manager of Lenovo...
Qualcomm Invests $40M In Four Chinese Startups And Walden International’s New Fund
TechCrunch Qualcomm this summer announced plans to invest $150 million in Chinese startups, and it has cracked that new fund open to put $40 million into five different organizations in the country, including voice recognition startup Unisound and games development...
Snapdeal, One Of India’s Leading E-commerce Sites, Acquires Wishpicker
TechCrunch Snapdeal, one of India’s largest e-commerce businesses, has acquired Wishpicker, a tech platform that uses machine learning to deliver recommendations for gift purchases. The deal’s financial terms were undisclosed. The company says this is the fifth...
Adobe Acquires Stock Content Marketplace Fotolia For $800M In Cash
TechCrunch Adobe today announced that it has acquired Fotolia, a popular marketplace for stock photography and video, for approximately $800 million in cash. The idea is to integrate the service into Adobe’s Creative Cloud and make it easier for Creative Cloud members...