Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation across other Caribbean countries.
Tags: Investment
Canada Dispenses Investment Structure; Opts Faster Economy Growth
Canada is trying to get their infrastructure as quickly as possible to spur growth. Prime Minister Justin Trudeau said that Canadian government is trying to dispense infrastructure investments into the economy as quickly as possible to spur growth.
General Electric Eyes $150 Million Nigerian Investment
U.S. industrial firm General Electric (GE.N) plans to invest around $150 million in Nigeria by 2017 U. S. industrial firm General Electric will be investing around $150 million in Nigeria by 2017, Forbes reported.
Alibaba and Ant Financial Invests $1.25 Billion in Chinese Food Delivery Service Ele.me
Ele.me secured a $1.25 billion investment from Alibaba and its finance business unit Ant Financial. China’s O2O business market are now booming as most Chinese consumers are using smartphones to do their daily activities.
Video Production Platform 90 Seconds Gets $8 Million Funding Led by Sequoia India; Aims for International Expansion
Online video production startup 90 Seconds will pursue its global expansion after securing $8 million in Series A led by Sequoia India. The startup will also broaden its network of creative freelancers in India as well as in other countries.
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Synova Capital has sold its UK fashion accessories brand TLG Brands to Hong Kong’s Global Brands Group. Under Synova’s ownership, TLG Brands has been seeing strong growth and more presence in international as well as online markets.
Nissin has made its takeover approach to Premier Foods by buying 17.3 percent stake in the company. The deal made Nissin Premier Foods’ largest stakeholder, but the company must agree to not make a takeover bid to Premier Foods in at least six months.
CarDekho.com and CarBay.com's parent company Girnar Software has received a late-stage funding round led by Google Capital. The new fund will be allocated to further improve the company's car portals' technology as well as expanding services.
Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.
New York-based Avon Products Inc is shifting its headquarters to the UK. It's also in the process of reducing headcount by about 2,500 and investing in technology and innovation to enhance sales volume.
Australian tech companies are heading to Singapore to support their businesses. Some tech companies are expecting Singapore to be one of the startups landing pads established by the Australian government to help companies access the global business network.
China’s property market keeps on growing even amid the country’s economic slowdown and weak exports. The surge in the real estate sector is contributing positively to the country’s economy as a new economic driver.
General Motors is moving forward to compete in the autonomous car markets. The giant automaker has acquired a driverless cars software maker, Cruise Automation, for reportedly more than $1 billion.
500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.
