Alibaba invested $215 million in the newest round for Tango while previous investors poured $65 million in the latest $280 million round for mobile messaging network Tango, VentureBeat reported.
China
Alibaba Group Holding Ltd unit to buy Chinese department store operator Intime Retail Group Co
Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.
RuiYi secures $15M in Series B funding round
RuiYi Inc, a biotech firm based in California and China, has secured $15 million for its Series B funding round from its existing backers, a statement about the funding said.
First Lady Michelle Obama tells Chinese college students that online access to information a universal right
US First Lady Michelle Obama told Chinese students that online freedom is a right that everyone should have but stopped short of urging the Chinese government to grant more freedoms to its citizens, Reuters reported.
Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase
Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.
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Chinese multimedia and Internet firm Shanghai Media Group acquired the rights to remake the popular 2013 South Korean variety show 'Grandpas Over Flowers' for an undisclosed amount.
Ping An Insurance Group Co has worked with Ctrip.com International to provide smog insurance to visitors traveling to Beijing, Xi'an, Harbin, Chengdu, Guangzhou, Shijiazhuang and Shanghai, Bloomberg reported.
After its recent purchases of Motorola Mobility and IBM's server business, Chinese personal computer (PC) maker Lenovo said that it will continue its string of acquisitions to drive its growth.
The foreign direct investment of China went up 10.4% from January to February this year but the holidays of the Lunar New Year caused February figures to drop, Reuters reported.
Santa Monica, US-based media entertainment firm Content Media Corp acquired Beijing, China-based producer Alive Group for an undisclosed amount to gain access to the booming Chinese market.
OKCoin raised $10 million in a Series A funding round led by Chinese venture capital firm Ceyuan to become the biggest Bitcoin exchange in China according to trading volume.
Sina Weibo, the China-based microblogging and social media site, has filed its IPO prospectus with the US Securities and Exchange Commission to raise as much as $500 million in its planned US debut, TechCrunch reported.
China-based e-commerce firm Alibaba Group plans to hold a US listing in the third quarter of this year, according to a sources interviewed by Reuters.
Beijing, China-based outbound visa service ByeCity received $20 million in its Series B funding from Alibaba Group Holding Ltd and Chinese private equity firm CBC Capital.
