Investors including FirstMark Capital, Valiant Capital Management, Andreessen Horowitz had provided Pinterest a total of USD225 million in the latter's recent financing round.
Sectors
South Korean SparkLabs launches USD30 million fund for seed-stage companies
The creation of the USD30 million seed-stage fund was to support entrepreneurs outside South Korea in their startups.
Apple's iPad Air fuel speculation that an iPad Pro may be in the works
The name of Apple's recently unveiled iPad Air gave rise to the speculation that the company might be cooking up an iPad Pro.
Authorities investigate Henan Dayou for possible irregularities involving disclosures
Henan Dayou Energy said the country's regulators were investigating them for disclosing information illegally.
Tennessee bank robbery injures one
A First Tennessee Bank employee was injured in a Wednesday morning robbery. A Wednesday morning robbery at the First Tennessee Bank on East Brainerd Road injured an employee.
Latest News
Wal-Mart said in its press conference that it would be focusing more on its e-commerce business to curtail effects of China's slowing retail market.
Virgin Records founder Sir Richard Branson recalled having great regret on selling his record company to fund his then-new Virgin Airlines venture.
Apple scored a victory against Wi-Lan on a patent infringement lawsuit. A Texas federal jury ruled that Apple did not infringe a patent from Wi-Lan Inc.
Sources told Reuters that Aptalis Pharma Inc had appointed lenders to manage its IPO. Aptalis Pharma Inc reportedly hired banks to manage its initial public offering.
Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals. HSBC Holdings said borrowers in Saudi Arabia had obtained its banks services to manage several debt and equity capital market transactions.
Sources told Bloomberg that Singapore-based Oversea-Chinese Banking Corp was reviewing a bid for Hong Kong-based Wing Hang Bank.
The state pension fund of Massachusetts ranked the first in private equity investments, according to a report from the Private Equity Growth Capital Council.
Grupo Financiero Inbursa was in discussions with Standard Bank Group to buy the latter's Brazilian business, sources told Bloomberg.
Sources said Silicon Valley computer maker Hewlett-Packard was looking for buyers for its mobile computing patents.
