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.
Games/Entertainment
New social night life app allows Philippine party-goers to join a club list hassle-free
Philippines-based social night life app Guestlist allows party-goers to get included in a club's guest list to lessen the hassle of falling in line or paying for an entrance fee to gain entry.
US filmmaker Freddie Wong breaks Indiegogo's record for web series with highest crowdfunding contributions
Seattle, Washington-based filmmaker Freddie Wong broke Indiegogo's record for web series crowdfunding when he gathered $900,907 in total contributions on Saturday night for his Internet-based show Video Game High School (VGHS).
Russia spends US$50 billion for Sochi Olympics
Russia displayed an impressive technological show during the closing event of the XXII Olympic Winter Games in Sochi using the theme Reflections of Russia, which ended with a giant bear putting out the Olympic flame.
Huawei unveils five new devices in Barcelona tradeshow
Chinese gadget maker Huawei unveiled five new devices during the Mobile World Congress tradeshow held in Barcelona, including two tablets, one smartphone, one smartband, and a fast mobile Wi-Fi device.
Latest News
Social entertainment website mig33 has purchased AlivenotDead. a community that enables celebrities to reach their target audience, TechCrunch reported. Financial terms of the deal were not provided.
Needham, US-based digital video advertising distributor Extreme Reach pocketed $50 million in a venture round from Village Ventures, Greycroft Partners, Spectrum Equity, and Long River Ventures.
Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.
Toronto, Canada-based personalized comic strip app Bitstrips is raising $15 million in a Series B funding round reportedly led by Kleiner Perkins Caufield & Byers to address growth and scaling issues.
Tokyo, Japan-based electronics giant Sony surpassed its sales target for the PlayStation 4 by selling 5.3 million units worldwide just three months after the latest game console went on sale.
Grand Rapids, US-based high school sports website Varsity News Network (VNN) pocketed $3 million in a Series A funding round led by Arsenal Venture Partners for the expansion of its school athletic platform and the launching of its first app.
Beijing, China-based software company Kingsoft will sell a a 4.7% stake worth $20 million in its game developing subsidiary Westhouse to Chinese smartphone manufacturer Xiaomi.
The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.
The Walt Disney Company is launching its own Disney Accelerator powered by Techstars to incubate early stage companies possessing unique ideas about products in the consumer media and entertainment segment, TechCrunch reported.
