Joyme.com, a mobile game portal company based in Beijing, has received $21.5 million in funding in a round led by Fosun Venture Capital Investment and joined by existing investor BlueRun Ventures.
Asia/Pacific
Beijing-based PICOOC pushes to break $20M in its second funding round
Smart bathroom scale maker PICOOC is raising $20 million for its second institutional funding round. The company makes the smart body scale brand Latin, TechNode reported.
Japan's Rakuten purchases Viber for $900 million
Rakuten said it will purchase messaging application Viber for $900 million, marking the latest and largest acquisition of the biggest internet company in Japan, TechCrunch reported.
New York-based betaworks secures additional $10M in round led by Digital Garage
Betaworks, a New York-based media products maker and seed stage investor, has received additional funds amounting to $10 million in a round led by Digital Garage, TechCrunch reported.
LG Electronics rolls out new version of big screen G Pro smartphone, seeks to move to top 3
LG Electronics has introduced the G Pro 2, the new version of its large-screen smartphone G Pro, in an attempt to land at Number 3 in global smartphone sales in 2014, Reuters reported.
Latest News
Governor Raghuram Rajan of the Reserve Bank of India has reiterated concerns about the stability and credibility of virtual currencies like the Bitcoin, TechCrunch reported.
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.
Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.
Corporate Executive Board or CEB has made its third acquisition in the talent management space by purchasing India-based talent analytics company Talent Neuron for anywhere from $10 million to $15 million, TechCrunch reported.
Russian tech investor Yuri Milner, together with Morgan Stanley chief John Mack, invested an undisclosed amount in Los Angeles, US-based cloud graphics firm Otoy to commercialize its suite cloud-based content creation tools.
Flappy Bird, the popular mobile game created by Vietnamese developer Dong Nguyen, proliferated in app stores and even on the Internet in the form of HTML5 games after the original game was pulled from the Apple App Store and Google Play.
Of the 16 startups chosen by Microsoft Ventures for its Summer 2014 batch, six will be part of the Accelerator Plus program that targets more mature firms, TechCrunch reported.
Media and digital marketing firm Dentsu Aegis Network added China-based social creative firm Verawom for an undisclosed sum, in a deal that will integrate the latter into the Isobar China group.
Private equity firms, including General Atlantic Partners, Actis Capital, Baring Private Equity Partners Asia and Apax Partners, are reportedly in talks with the principal owners of Credit Analysis and Research Ltd. CARE's top three shareholders are seeking to divest a 32% to 38% stake in the credit ratings company.
