Alibaba Invests in Chinese Travel-Website Qyer
The Wall Street Journal HONG KONG—Alibaba Group Holding Ltd. said Tuesday it has made an investment in travel website Qyer, in the latest in a series of deals by China’s largest e-commerce company. Alibaba, which operates Taobao and other online shopping sites,...
Joor Raises $15M in Funding
Women’s Wear Daily 25 July 2013 NEW YORK — Joor, the online wholesale fashion marketplace, said Thursday it raised $15 million in Series B funding. The round was led by Canaan Partners, with contributions from Advance Publications, parent company of Condé Nast...
Chinatrust Said to Agree to Buy Tokyo Star for $520 Million
Bloomberg 25 July 2013 CTBC Financial Holding Co. (2891) agreed to buy Tokyo Star Bank Ltd. for about 52 billion yen ($520 million), the first takeover of a Japanese commercial lender by a foreign bank, two people with knowledge of the matter said. CTBC, the...
Candy magnate Korkunov invests in mobile app community
East-West Digital News Andrey Korkunov, the founder of a leading candy company, has invested $1 million in Apps4all in exchange for a 15% stake, the Russian business daily Vedmosti reported yesterday. Launched in 2011, Apps4all brings together a community of mobile...
UMMC to Buy Czech Aircraft Manufacturer
Ural Mining and Metallurgical Company will become the full owner of Czech aircraft manufacturer LET after putting a deal in place to buy Pamco’s 49-percent stake in the company, a news report said Friday.