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Japan pulls out investments in China, directs focus to South East Asian countries

The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.

Abraaj picks up stake in Moroccan chocolate maker Kool Food

Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.

Enterprise Holdings purchases Denver car-sharing firm OccasionalCar

Missouri, US-based holding company Enterprise Holdings, the operator of the Enterprise Rent-A-Car and National Car Rental, purchased Denver-based car-sharing services provider OccasionalCar for an undisclosed sum to widen its local network of transportation options.

Weibo celebrates public debut, venture capitalist Charles Xue release from prison

Two coincidental events took place as Weibo executives rejoiced the warm welcome it received from the international financial markets after its IPO on the NASDAQ and the release of venture capitalist and Weibo user Charles Xue.

Doha Bank agrees to acquire HSBC Bank Oman

Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.

Preact receives Series A funding round valued USD4.6 million

Preact announced releasing a new software platform that makes uses of "leading-edge behavioral science, machine learning, and big data analytics" along with receiving a Series A funding round valued USD4.6 million led by Trinity Ventures.

Airbnb receives USD500 million funding round

Today, home-rental Airbnb has received a rare funding that reached a hefty USD500 million from a funding round from investors led by TPG, Dragoneer Investment Group and T. Rowe Price along with other mutual funds.

Nike cuts off majority of wearable tech team

Orlando, US-based sports footwear, apparel, and accessories maker Nike is about to cut off 70 out of the 200 members of its Digital Sport unit in a bold move to stop manufacturing hardware and focus its wearable tech efforts on software.

Dropbox drops some cash to add Loom and Hackpad

Cloud storage giant Dropbox spent an undisclosed amount to add San Francisco, US-based photo and video cloud storage and smart collaborative tool Hackpad to expand its product offering and improve its auto-upload features.

LinkedIn reaches 300-million mark in registered users

Mountain View, US-based business-oriented social networking service LinkedIn already reached the 300-million mark in registered users worldwide, with half of that number coming from countries outside of its home country.

Intel shells out $100M for innovation center in China

Santa Clara, US-based semiconductor chip maker Intel Corp shelled out $100 million to establish an innovation center in China to accelerate the innovation of smart equipment in the Asian country.

US firm WireCo acquires Endenburg to build new crane rope business in the Netherlands

Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.

Google testing balloons over Nevada for Project Loon

While news have already spread about Google's plan to bring the Internet to more people using high-altitude balloons in its "Project Loon" initiative, the search giant has finally started testing the solar-powered balloons over Nevada. manages USD1 billion student loans, gets new investor announced that it has received a new investor following its management of more than USD1 billion student loans and finding ways to monetize the site through ads posted on its blogs.

Twitter-clone Weibo cuts its IPO size offer

Chinese microblogging site Weibo has cut its offered IPO size after a shaky start taking in only USD286 million from 16.8 million depository shares sold which was far from the expectations on Wall Street.

AngelPad to launch 11 startups in San Francisco today

AngelPad has been rearing startups prior to their public debut and today, during its Spring Demo Day, the company would launch 11 startups to a roomful of investors, techies and the media.

Canada's Encana looking to get CAD700 million from PrairieSky Royalty IPO

Encana Corp has been aiming to get CAD700 million from a planned IPO which was also seen to be the biggest sale of shares since 2010 in Canada's oil and gas industry.

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