The widow of Hong Kong property developer Sun Hung Kai founder Kwok Tak-seng, Siu-hing, said in a statement yesterday that she handed out a 6.36% ownership stake in each of her sons' family trusts.

A US SEC filing by big data company Palantir revealed that it was set to do a USD57.5 million fundraising three months after it had raised USD195.5 million in an earlier funding round.

Beijing Interoceanic Canal Investment Management Co announced the joint venture of billionaire Wang Jing and Ukrainian partner Kievgidroinvest LLC to construct an economic development zone and port on the Crimean peninsula.

The potential growth of credit-card payment processing services in Japan saw Twitter Inc. co-founder Jack Dorsey's Square Inc and SoftBank Corp's venture PayPal Here battling for a sizeable market share in the niche business.

The market in mobile payment or transaction apps using Bitcoin as a payment option is being fueled by a growing interest in average consumers who view payments via their smartphones as an easy way to settle their dues.

An unnamed source told Reuters that drugmaker Adcock Ingram's largest shareholder Public Investment Corporation will not be putting up its 19% ownership stake for sale as the offer extended by potential buyer Bidvest undervalued its holding.

Cleaning services provider Homejoy said that it had raised USD38 million in new capital from its Series A and Series B funding rounds, which saw the participation of Google Ventures, Redpoint Ventures, Max Levchin, First Round Capital, Oliver Jung, and Mike Hirshland.

A report on TechCrunch noted that social travel apps like Jetpac had started to develop its products away from Facebook, as the popularity of the social network might have run its course.

ClearDATA Networks, Inc, a cloud computing platform and service provider focused on the healthcare industry, received USD14 million in new funding from Merck Global Health Innovation Fund, Excel Venture Management, Norwest Venture Partners and other institutional investors.

To jumpstart the use of its payment processing system, Dwolla has partnered with online service marketplace Fiverr and also offers special promotions to US-based customers.

Six year-old startup Glassdoor raised USD50 million in a recent funding round, which saw the participation of Tiger Global Management, Battery Ventures, Benchmark Capital, DAG Ventures and Sutter Hill Ventures.

Trifacta, a San Francisco-based startup focused on making platforms for data analysis, raised USD12 million in new funding in an investment round led by Greylock Partners and Accel Partners.

Venture capital firm Northzone had set up its biggest fund yet at EUR200 million or USD272 million. The fund will be geared towards making investments in startups within the Nordic region and businesses who had partnered with a Nordic-influenced startup.

Deutsche Telekom's statement revealed that it has a strategic partnership with Twitter Inc to boost the former's opportunities in innovative marketing, advertising and customer service.

Months after receiving a USD1 million in seed investment, Israeli startup Carambola Media raised USD4 million in a Pitango Venture Capital-led Series A funding round.

According to third quarter results released by Russian bank VTB Group, the bank already sold a 50% stake in Tele2 that it acquired earlier in April this year for RUB40.4 billion or USD1.2 billion.

The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.

China's central bank the People's Bank of China (PBOC) stressed the need for its domestic banks to avoid transactions using Bitcoin and other virtual currencies and vowed that it will launch countermeasures against illegal activities using the alternative online payments.

The San Francisco Bay Conservation and Development Commission said it will be looking into whether Google Inc had the complied with the necessary paperwork to build its barge project on Treasure Island.

Investors including the Bucks County Water & Sewer Authority in Pennsylvania, the city of Baltimore and the Central Bucks School District agreed to settle the municipal bond-rigging case it filed against Bank of America Corp.

Auction house Christie's said the value of the 2,781 works collection fully and partially-owned by the Detroit Institute of Arts (DIA) was around the USD452 million to USD866 million range.

According to a slew of venture capitalists at a book panel for Georgetown Angels general partner Andrew Romans' new book, the amount of funding new startups could secure depends on its networks.

Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television today that despite the high trading value of the Bitcoin, the virtual currency holds no intrinsic currency value like with real physical money.

The Small Business Investor Alliance, who had been championing the the Small Business Capital Access and Job Preservation Act in the US House of Representatives, expressed their approval for the passage of the Act.

Private equity firm Mayfield Fund confirmed its USD6 million participation in robotics and commercial drone maker 3D Robotics' USD30 million funding round back in September.

Hardware startup Misfit Wearables raised USD15.2 million in fresh capital in a funding round led by Li Ka-shing's Horizons Ventures and also participated by its existing investors.

Government Pension Investment Fund president Takahiro Mitani's comments about Bank of Japan meeting its 2% infaltion goal was contradictory to the statements made by Prime Minister Shinzo Abe appointee and economist Takatoshi Ito.

Australia electronics chain Dick Smith Holdings Ltd's rise on the Australian Stock Exchange had put its enterprise value to five times its value at the time of its buyout at AUD534 million.

Trufa, a real-time data analytics software that aids companies in improving its financial performance via operational expenses analysis, nabbed USD4.5 million in Series A funding in an investment round led by Accel Partners.

According to Tingyi Holding Corp Chief Financial Officer Frank Lin, his company could form more corporate alliances or strategic purchases next year in mainland China.