HTC Corp intends to expand its range of more affordable smartphones after the losses it experienced last year for its high-end product offerings, Reuters reported.
Asia/Pacific
DeNA invests in South Korean couple chat app Between
Japanese gaming platform and web services provider DeNA invested an undisclosed amount in Between, a chat app for couples created by South Korean firm VCNC, to help the app become an open platform.
Australian analyst lambasts acquisitions as a way for companies to grow
David Errington, an analyst at Bank of America Merrill Lynch, said companies would do well if they focused on investing in their core business instead of acquiring other companies in their quest for growth, The Australian reported.
US food firm Cargill purchases Leonardo olive oil from India's Dalmia Continental
Minnesota, US-based food processing firm Cargill purchased the Leonardo olive oil brand from New Delhi, India-based premium wellness food provider Dalmia Continental for an estimated price of INR100 crore.
Ex-Goldman Sachs Group Inc partner to form his own hedge fund-sources
Leland Lim, a former partner at Goldman Sachs Group Inc, is planning to form his own hedge fund, according to sources with knowledge of the situation interviewed by Bloomberg.
Latest News
Paris, France-based hospitality major Accor is aiming to exit its 40% stake in Mumbai, India-based Sofitel hotel in Bandra-Kurla Complex (BKC) and fold the Sofitel brand into itself, according to sources.
Hanoi, Vietnam-based game developer Don Nguyen of dotGears took down the top-ranking mobile game Flappy Bird from both iOS and Google Play app stores today, reportedly due to the various criticisms he had been receiving in connection with the game.
India-based travel booking website MakeMyTrip bought Amsterdam, Netherlands-based hotel booking portal EasyToBook in a deal valued at around $5 million to increase its revenue through online hotel bookings.
The value of digital currency Bitcoin plunged 21% to $619 from $783 after Tokyo, Japan-based exchange paused its trading because of an increase in withdrawal requests.
Noida, India-based optimization software startup IntelloCut secured $200,000 (INR1.3 crore) in funding from a group of investors led by Blume Ventures and Google India's Ranjan Anandan.
Moscow, Russia-based investment fund Flint Capital and government-backed early-stage fund FRII poured an undisclosed amount into St Petersburg-based photo manipulation detecting startup SMTDO Tech LTD.
Barcelona, Spain-based startup Voz.io raised $150,000 in a seed funding round from Kima Ventures for the development of its browser-based call center business and user acquisition strategies.
India-based music streaming service Gaana.com added independent music portal Musicfellas.com for an undisclosed amount, with the latter's site to be shut down and its catalogue to be moved to Gaana.
Fidelity Worldwide Investment's Head of Asian Fixed Income Sabita Prakash has left the firm, according to a source interviewed by Reuters and confirmed by a company spokesman.
