Jun 17, 2014 | China, East Asia, News
WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for...
Jun 17, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News Yandex, the NASDAQ-listed Russian search giant, announced its plans to acquire Auto.ru, one of the leading online auto classifieds sites in Russia, for approximately $175 million in cash. The transaction, which remains subject to certain...
Jun 16, 2014 | China, East Asia, News
TechCrunch June 13, 2014 CTQuan, the Chinese equity crowdfunding site for startup companies, has raised roughly $4 million in a new round of financing, TechCrunch has learned. The Beijing-based company (and CrunchBase content partner) is similar to AngelList in its...
Jun 16, 2014 | News, Western Europe
European daily deal aggregator Bownty has acquired local competitor Yunait, which claims to be the leader in Southern Europe — though, notably, along with Spain, Italy, Portugal and the UK, it also operates in Brazil, Argentina and Mexico. Terms of the deal remain...
Jun 16, 2014 | News, Western Europe
LONDON, June 16 (Reuters) – Danish fashion group Bestseller has agreed to buy M and M Direct Ltd, the British online and mail order retailer, from its private equity owners for up to 140 million pounds ($235 million), the firms said on Monday. M and M, owned by...
Jun 13, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News Seleсtel, a data center company owned by Vkontakte cofounders Lev Leviev and Mikhail Mirilashvili, is investing about 1 billion rubles (about $29 million) in the first stage of a technopark in the Moskovsky district of St. Petersburg. It will...
