Makati, Philippines-based real estate investment firm Ayala Land Inc (ALI) bought out the 40% holding of Tokyo, Japan-based trading giant Mitsubishi Corp in Philippine Integrated Energy Solutions Inc (PhilEnergy) for an undisclosed amount.
Asia/Pacific
Bitcoin exchange Mt. Gox goes dark in blow to virtual currency
Mt. Gox, once the world's biggest bitcoin exchange, went dark on Tuesday, with its website down, its Tokyo office empty, and a cryptic comment from its chief executive that the business was at "a turning point."
New social night life app allows Philippine party-goers to join a club list hassle-free
Philippines-based social night life app Guestlist allows party-goers to get included in a club's guest list to lessen the hassle of falling in line or paying for an entrance fee to gain entry.
India-based HackerEarth secures $500K in seed funding round
HackerEarth, an India-based platform that matches programmers with startups looking for technical talent, received a $500,000 from Angelprime for its seed funding round, TechCrunch reported.
Kantar research reveals Android still trumps rivals but real battle is among OEMs
Android still remains at the top for smartphone sales, getting 70% of sales in the last three months that ended January. However, the real war is among Android makers, TechCrunch reported citing data from Kantar.
Latest News
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
Singapore-based business consortium DDB Group Asia Pacific acquired Bangalore, India-based digital marketing firm 22feet for an undisclosed amount in a bid to be the leader in the development of India's digital marketing solutions industry.
Bangalore, India-based outsourced engineering solutions provider Quest Global Engineering added Houston, US-based engineering firm Beeken TechQuest for an undisclosed sum to meet the engineering workforce demand in the oil & gas industry.
Chinese gadget maker Huawei unveiled five new devices during the Mobile World Congress tradeshow held in Barcelona, including two tablets, one smartphone, one smartband, and a fast mobile Wi-Fi device.
The top smartphone makers in the world, Apple Inc and Samsung Electronics, failed to reach a settlement agreement on their smartphone technology dispute in a meeting with a mediator in the first week of February, Bloomberg reported.
New York, US-based automatic video editing startup Magistro raised $2 million in a recent funding round and has struck a deal that will integrate its technology into the Russian social network Odnoklassniki, which is owned by Mail.ru.
The crisis Mt. Gox is facing has provided Bitcoin speculators with a grand buying opportunity that could give them a chance to earn a profit if the withdrawal ban gets lifted, CNNMoney reported.
