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Chinese social media marketing firm closes second funding round led by Fosun

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.


Aboitiz group takes over Marubeni's stake valued $360 million from indistrial park in Philippines

Philippines-based Aboitiz Equity Ventures property unit Aboitiz Land Inc had purchased the remaining 40% of common shares from Maurbeni, Japanese trading firm, worth 360 million from LiMA Land Inc (LLI). LiMA Land is the company that owns and runs the LiMA Technology Center, the filing detailed from Philippine Stock Exchange. .

Kakao Talk developer to go public in May

Korea-based Kakao Corp, the company behind the highly-popular messaging and social app Kakao Talk, is readying for its initial public offering in May, BeSuccess reported.

Sprinklr buys Texas social analyics firm Dachis Group

New York, US-based social media management firm Sprinklr has bought Austin, Texas-based social analytics company Dachis Group for an undisclosed sum to obtain technology that will help their product accelerate in the market.


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Sydney, Australia-based accounting software maker Practice Ignition pocketed $650,000 in a seed round from investors such as MYOB co-founder Graig Winkler, for the expansion and development of the firm.
Limiting conditions like poor infrastructure and the lack of convenient payment systems have not prevented the e-commerce industry from burgeoning in Indonesia, the Financial Times reported.
Perth, Australia-based mineral sands explorer Iluka Resources Ltd announced that it will pick up an 18.3% stake in Rotherham, UK-based metal powder producer Metalysis for ₤12.2 million ($A22.5 million).
Jill Zmud, a musician from Ottawa, has launched a crowdfunding campaign for her new album on indiegogo and her perks to get donors to give their donations include her husband, CBC Radio host Alan Neal, the Ottawa Citizen reported.
Small business loan online marketplace Funding Circle obtained a £40M investment from the UK government to allow the company to continue providing loans to small and medium-sized businesses (SMBs) in the country.
US-based search giant Google announced that it is developing an experimental smartphone 3D mapping platform called Project Tango which is led by the advanced hardware group of Motorola.
Lea Lange talked with Magdalena Räth of VentureVillage about Junique, the design-focused platform she founded with Marc Pohl and Sebastian Hasebrink after she left US-based design firm Fab.com.
The behavior of users is the biggest risk factor for mobile threats, according to a report from mobile security firm Lookout entitled "Mobile Threats, Made to Measure," VentureBeat reported.
Smarter Remarketer, an Indiana-based startup focused on behavioral marketing and retail intelligence, has picked up $7 million from Battery Ventures in its most recent funding round, VentureBeat reported.
Tokyo,Japan-based Internet services firm Rakuten will launch a beta version of the Singapore-based streaming video platform Viki in Japan tomorrow, just five months after the Japanese bought the platform for $200 million.
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