Industry
Elevate Credit, VC-backed Online Lender, Postpones Its IPO
The subprime online lender company Elevate Credit delays its IPO scheduled on Thursday. Teetering market has been the main reason of the postponement and high risk of online subprime lending service.
Texas-based Waldo Photo Closes $5 Million Seed Funding
Austin-based tech company, Waldo Photos closes its $5 million seed funding on Thursday. The seed funding round was led by California's venture capital firm Upfront Ventures.
Biotech Startup Companies Are To Brace For Harsher Investment Climate
Biotech companies in last 5 years were enjoying easy access to capital. That scenario started to change after stocks started to slide in July 2015 and have not stopped with Nasdaq Biotechnology Index reading 2933 Wednesday which is the lowest level since November 2014. This means biotech startups would be expected to brace for harsher investment climate although experts are assuring that market fundaments are still strong.
Opium Seasoning Used In Chinese Restaurants : 5 Prosecuted - 30 Under Probe
The latest food scandal emanating from China revolves on the usage of poppy powder is a banned item by the Food and Drug Administration of China. Five restaurants have been prosecuted and another 30 more are under probe for using ingredients like morphine and heroine in restaurant food. This latest scandal is one in the many high-profile food scandals that has been hitting China in the recent years.