China-based Social media marketing firm KMSocial has raised tens of millions of dollars in a Series B funding round led by Fosun Venture Capital Investment. Existing investor Fidelity Growth Partners Asia also participated in the said round, according to VentureBeat.
China
Gap Inc plans to strengthen online campaigns to build brand in China
As they open their first Old Navy store in China, Gap Inc will be increasing its efforts to promote their brand online so it can capitalize on the country's fast-growing e-commerce sector, Reuters reported.
Chinese photo app Camera360 releases update with new features
Chengdu, China-based photo editing mobile app Camera360 released its updated version which now has streamlined design and packed features, including one that lets users store photo data in the app's cloud service.
China-based Baidu Inc to turn to acquisitions to lure smartphone users to its platform
Internet firm Baidu Inc intends to make more acquisitions this year to get more smartphone users in the world's largest smartphone market to patronize its services, Reuters reported.
Chinese messaging app WeChat undergoes major upgrade
With the spotlight suddenly turned on messaging apps after Facebook acquired WhatsApp, Chinese app WeChat released a major upgrade for the iOS and Android versions with new features such as real-time location sharing and chat history search.
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Tencent Holdings Ltd and JD.com Inc are in talks to join forces and consolidate their e-commerce operations, according to two people familiar with the matter interviewed by Bloomberg.
Canonical, the parent firm of UK-based operating system Ubuntu, partnered with Chinese electronics firm Meizu and Spanish mobile gadget firm Bq to build the first Ubuntu Mobile phones this year.
China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.
Tencent Holdings Ltd, the biggest Internet company in Asia, purchased a 20% stake in online review platform Dianping.com, as it steps up its location-based services, Bloomberg reported.
US-based non-profit technology transfer center for bakers and food processors American Institute of Baking (AIB) added Beijing, China-based certification body Beijing Sino-Swiss ADC Service Co Ltd (SSADC) for an undisclosed amount.
Asian chat services KakaoTalk, LINE and WeChat threaten to overturn the mobile order of things, usurping the role of Google Inc, Apple Inc, Amazon.com Inc, Facebook Inc and telecoms carriers as gatekeeper to the consumer.
Chinese conglomerate Fosun Group invested CNY210.5 million ($30.7 million) in Kuala Lumpur, Malaysia-based restaurant chain Secret Recipe, according to a report by Shanghai's China Business News.
Chinese car manufacturer Beijing Automobile Group signed a deal to purchase 25.02% of the shares of Mountain View, US-based new energy firm Atieva for an undisclosed amount, and is later expected to launch a high-end electric vehicle.
In 2010, China has blocked American cloud storage service Dropbox for an unconfirmed reason, but last week, the Asian country has once again opened its access to Dropbox, according to Tech In Asia.
