Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.
Sectors
Taulia Inc scores USD 18 million in Series C funds
Taulia Inc scored a total of USD 18 million for its Series C round led by Lakestar. San Franciso, California-based Taulia Inc bagged USD 18 million for its Series C round.
Israeli-Palestinian strikes hint continuous retaliation
Air strike exchanges between Israel Defense Forces (IDF) and the Palestinian Front for the Liberation of Palestine had hinted more violent exchanges.
KV Asia Capital scores USD 263 million for first fund
KV Asia Capital raised USD 263 million for Fund I. Singapore-based private equity firm KV Asia Capital said that it was able to raise capital commitments worth USD 263 million for its first fund.
Harbert Management closes fifth fund with USD 200 million
Harbert Management Corp announced that the interim closing of Harbert Power Fund V so far raised USD 200 million.
Latest News
Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million. The Chief Executive Officer of Rosneft acquired company shares worth USD 5.
Sources said that the most likely bidders for Panasonic’s healthcare unit are KKK, Toshiba Corp and a consortium led by Bain Capital.
The Iraqi oil minister said ExxonMobil would sell portions of its stakes to PetroChina and Pertamina.
Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.
China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.
Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.
Nasdaq officials opted to ensure that no panic trading was to be done when they open after a 3-hour outage.
Fresh from the film success of "Man of Steel", Warner Bros has been bankrolling a 2015 production of another Superman sequel with Ben Affleck cast as Batman.
Although Nokia's restructuring efforts kept it financially afloat, Moody's predicted a wavering position for the Finnish company in the smartphone market.
