New York-based online eyeglasses company Warby Parker has scored $60 million in a Series C funding round from its existing investors to beef up its customer support team.
Tags: China
Pilot scheme to open and improve mobile telecoms market gets approval in China
A total of 11 companies, including a subsidiary of online retail giant Alibaba obtained approval from Chinese authorities to be able to purchase mobile services from major providers and repackage them to offer to end users, the Ministry of Industry and Information Technology (MIIT) said on Thursday.
Internet cafes are collateral damage in China's quest to go online- report
The number of internet cafés in China has decreased, a collateral damage to China's bid to go online as smartphones and tablet devices grow in popularity, a Financial Times report said.
China's Zoomlion acquires Germany's M-Tec
China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's website.
Chinese philanthropist Chen to invest in Taiwan's green energy industry in 2014
High-profile Chinese multimillionaire Chen Guangbiao said he plans to invest in the green energy industry of Taiwan next year, and to tap into the country's solar energy market.
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Shanghai-based investment fund China Media Capital (CMC) purchased a stake in Beijing-based business media entity Caixin Media Company Ltd from Zhebao Media Holding Group Co Ltd for an undisclosed amount.
In a bid to expand its operations in China, The Hershey Company recently bought out Shanghai Golden Monkey Food Co, maker of over 200 varieties of candy, in a deal valued at $498 million.
More state-owned companies in China may be sold off as private entities in a bid to improve economic, according to a Chinese official affiliated with the agency that controls the country's largest state firms.
The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
China's holdings in US Treasury securities were seen increasing to a figure nearing $1.314 trillion it last hit in July 2011 as the world awaits for the decision of the US Federal Reserve to taper its $85 billion monthly purchases, said a Bloomberg report.
Tokyo, Japan-based firms ITOCHU Corp and ITOCHU Textile Prominent Ltd have finalized a deal with Fenix Group Holdings Ltd to invest in ASF Limited, an intermediate holding firm under the sponsorship of Fenix.
The Delaware Supreme Court on Monday dismissed Cooper Tire & Rubber Company's appeal against an earlier court ruling favoring Indian tire maker Apollo Tyres Ltd. The two companies went on trial in November over the stalled merger deal.
Beijing-based supermarket chain Wumart Stores Inc has cancelled its plans to purchase stores and equity shares from its rival C.P. Lotus Corp, but the reasons for the fallout were not elaborated in a report.
