Tencent Holdings will be acquiring a 15% stake in JD.com in a $214.7 million deal to provide a stronger platform that will rival Alibaba Group Holdings in the space, Bloomberg reported.
Country
Google faces much as $5B fine if found guilty of antitrust probe in India
If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.
Venture capitalists still betting on travel tech
Venture capitalists are putting their support on travel tech startups that seek to enhance the travel experience of consumers even with the popularity of travel booking platforms, TechCrunch reported.
Singapore-based Drive.SG secures $790K in Series A round
Singapore-based online car rental website received $790,000 in its Series A funding round from Insas Berhad, an investment holding firm based in Malaysia, TechCrunch reported.
Console market faces contraction
The console market is apparently facing a substantial decline based on North American console sales from January 2007 and that of January 2014, TechCrunch reported.
Latest News
Veteran investment banker Cecile Houlot-Hillary of Morgan Stanley said women coming from their maternity leaves should be given mentoring when they return to the workforce, Reuters reported.
Los Angeles, California-based concert and ticketing digital unit LiveNation Labs added San Francisco-based social search startup for an undisclosed amount to deliver improved concert experience for music fans.
Google Executive Chairman Eric Schmidt said Google was very worried about the growing inequality in democracies, particularly San Francisco, and proposed three solutions to address the issue, TechCrunch reported.
New York, US-based online educational provider Knowledge Delivery Systems bagged $6 million in its fourth funding round from Edison Ventures to implement programs that will help improve urban school districts in the country.
Google Ventures took out the $100,000 backing it gave to Bustle, a woman-focused publication, after the investor found that they did not anymore share the same values with its founder, TechCrunch reported citing sources.
San Francisco, US-based startup Spellgun launched today to bring Western mobile games to China's mobile market under a partnership with video game art outsourcing firm Concept Art House and Chinese firm Talkweb.
Newsweek has given their full backing for reporter Leah McGrath Goodman and the story she did on Bitcoin's secretive creator Satoshi Nakamoto, The Verge reported.
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
San Francisco, US-based secret-sharing mobile app Secret is set to raise $10 million in venture capital in a funding round led by Google Ventures that will give the startup a $40-million valuation.
