American venture capital firm Domain Elite invested $6.5 million in Israeli endoscopy and colonoscopy products maker SMART Medical Systems to bring the latter's products to meet the demand for the said products in Greater China.
Asia/Pacific
Formosa Plastics agrees to acquire Taiwanese cable firm Gala TV
Kaohsiung, Taiwan-based business conglomerate Formosa Plastics Group agreed to acquire a 95% stake in Taiwanese cable network Gala Television Corp (Gala TV) from Swedish private equity firm EQT Partners for an undisclosed amount.
Alibaba, Yunfeng Capital to acquire stake in Youku Tudou valued $1.22 bln
Alibaba and Jack Ma's co-founded company, Yunfeng Capital, said that they would acquire a stake in China's YouTube equivalent Youku Tuduo in a deal valued $1.22 bln prior its highly anticipated public debut.
Bitcoin price drops after China imposes new restrictions
BTC China has halted deposits of local currency from the China Merchants Bank, causing the value of Bitcoin to fall from $500 to below $440, a 10% difference from its value in the past few days.
Chinese startup ChaseFuture bags $400K in seed round to coach international students on university admissions
Shanghai, China-based university applicant mentoring startup ChaseFuture bagged $400,000 in its seed funding round led by Banyan Partners and Harbor Pacific Capital to assist international students in university admission tests.
Latest News
GE Energy Financial Services announced that it will invest $24 million in Welspun Renewables Energy Pvt Ltd's solar power project in Neemuch, India to help more people in the country have access to renewable energy.
Huawei Technologies Co Ltd, the world's third-biggest smartphone manufacturer, plans to spend $300 million on global marketing in 2014, a senior executive said on Wednesday.
Avaz AAC has received USD500000 funding round led by Inventus Capital and other investors including Mumbai Angels, Raju Reddy of Sierra Atlantic and Google India MD's Rajan Anandan for the development of an app directed for those who have autism.
Beijing, China-based travel and expense management services provider Baoku pocketed $10 million in its Series A funding round led by China Broadband Capital (CBC) and Asiainfo-Linkage to help people reduce their travel costs by 20% to 50%.
HS Group Ltd (HSG) will invest an undisclosed amount in Pleiad Investment Advisors, a new hedge fund in Hong Kong formed by former Soros Fund Management executives Kenneth Lee and Michael Yoshino, which will be launched in the third quarter of 2014.
Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd backed chocolate retail chain The Cocoa Trees with an undisclosed amount of fresh capital as the travel retail sector of Asia enjoys a sudden rise in income.
Seoul, South Korea-based early stage venture capital firm K-Cube Ventures has emerged as one of the key players in the country's startup industry with its quick and risky investment deals that focus on startups that offer unique solutions to existing problems.
Hong Kong-based private equity firm EmergeVest picked up a controlling stake in Derbyshire, UK-based chilled and frozen food distributor NFT Distribution Operations for an undisclosed amount to expand its sales.
Kuala Lumpur, Malaysia-based outsourcing startup Supahands wants to help Southeast Asian clients save time and gain focus for more important tasks by providing them with multi-lingual and home-based virtual assistants who can do various tasks for them.
