Although big companies like eBay Inc and Amazon.com wanted to get a significant piece of the growing e-commerce market in Russia, smaller e-commerce retailers like Borderfree and Modnique had the allowance to overcome Web and payment hurdles.
Investors
Advent to buy USD1.1 billion stake in Ocensa oil pipeline
US-based global private equity firm Advent International signed an agreement to purchase a USD1.1 billion minority stake in Ocensa, Colombia's biggest oil pipeline in terms of capacity.
Relaxed JOBS Act still hinders startups to raise funds via social media
Additional requirements on the amended Jumpstart Our Business Startups Act (JOBS) of 2012 would still hinder entrepreneurs and companies to secure funding via social media sites like Facebook and Twitter.
A-T Solutions picks up counterterrorism contractor GreenLine Systems
Virginia-based tech firm A-T Solutions acquired counterterrorism firm GreenLine Systems for an undisclosed amount to reinforce the border protection and transportation security of the US.
1001 Menus snags USD1.8 million in Series A funding from Elaia Partners
Paris-based restaurant directory 1001 Menus received USD1.8 million in a Series A funding round led by Elaia Partners to be used for the company's expansion in Europe.
Latest News
Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.
California-based company Selligy raised USD2.8 million in a Series A round to fund the integration of its customer relationship management (CRM) app with iPad and Android devices.
Online real estate company Redfin said it has raised $50 million from investment companies Tiger Global Management and T. Rowe Price Associates, making it the latest venture capital-backed company to look to nontraditional backers for venture funding
New York-based online shop and gadget developer Quirky scooped up USD79 million in a Series D funding round to be used for building more strange connected devices.
Houghton Mifflin Harcourt Co, the textbook publisher that emerged from bankruptcy last year, priced its initial public offering at $12 per share, below the range it guided towards earlier this month.
Popular photo sharing service Snapchat turned down a USD3 billion acquisition bid from social media giant Facebook, saying the company will not start considering offers until next year.
Khazanah Nasional Bhd, Malaysia's state investment firm, said its insurance arm has completed the $252 million purchase of a 90 percent stake in Turkish insurer Acibadem Saglik ve Hayat Sigorta.
New York-based International Business Machines (IBM) bought mobile security firm Fiberlink Communications for an undisclosed amount to amp up its poorly-rated mobile device management (MDM) solution.
Fairholme Capital Management announces proposal for purchase of insurance businesses from Fannie Mae and Freddie Mac
