Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth.
United States
Norwest Venture Partners Closes $1.2 Billion Fund
Norwest Venture Partners (NVP), a global, multi-stage venture and growth equity investment firm, today announced the formation of its latest fund, Norwest Venture Partners XII, LP. The $1.2B fund targets early to late stage venture and growth equity investments across a wide range of sectors.
Facebook says it may open sales office in China
Facebook Inc said it may consider opening a sales office in China to provide more support to local advertisers who use the website to reach customers overseas.
Venture capitalist Khosla in court over ending California beach access
Vinod Khosla, co-founder of Sun Microsystems and now a prominent venture capitalist, on Monday testified about his cutting access to a popular beach in a court case that calls into question a California tradition of open access to the state's famed coastline.
Fighting fakes: ahead of IPO, Alibaba takes a tougher line
Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a U.S. stock listing that could be the world's biggest technology company IPO.
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The collapse of the $35 billion merger of New York-based Omnicom with France's Publicis is likely to lead the world's biggest ad agencies to think small as they try to counter the challenge from internet giants like Google.
Messaging startup Snapchat has settled charges with U.S. regulators accusing it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period of time.
Apple Inc will unveil the next incarnation of its popular iPhone series in August, one month earlier than industry watchers were generally expecting, Taiwanese media reported on Friday citing unidentified supply-chain sources.
Edison Ventures announces the acquisition of Andera Inc. for 44.5 million by Bottomline Technologies today. Charlie Kroll, Founder and CEO at Andera Inc. comments:
Alibaba Group Holding Ltd (IPO-ALIB.N) has struck one of its largest deals with a U.S. e-commerce company, agreeing to help Amazon.com (AMZN.O) rival ShopRunner expand into China.
Google Ventures led a $130 million investment in oncology-data company Flatiron Health, Flatiron said on Wednesday.
Part-way through Alibaba Group Holding Ltd's long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the company's best interests.
Southtech Capital Corporation ("Southtech") (TSX VENTURE:STU.P) is pleased to announce that it has entered into an amalgamation agreement dated May 7, 2014 (the "Agreement") with Redfall Technologies Inc. ("Redfall"), a private corporation incorporated under the laws of Alberta, to complete a Qualifying Transaction (the "Qualifying Transaction"), as such term is defined by the TSX Venture Exchange (the "Exchange").
Finding new smartphone and tablet apps is getting easier, thanks to new apps designed to help people discover still more apps.
