Expert360, a recruitment website for the upper tier employment market, was able to secure $1 million in seed funding from angel investors in an oversubscribed round, The Canberra Times reported.
Asia/Pacific
Philippine central bank governor Amando Tetangco says policy rate changes not the best response to US taper
According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.
Xanadu to acquire copper-gold project in Mongolia for $14M
Exploration company Xanadu Mines, together with its joint venture firm Mongol Metals, have agreed to purchase a 90% stake in the Kharmagtai copper-gold project in Mongolia from Turquoise Hill Resources in a $14-million deal.
Cfius set to scrutinize Lenovo's purchase of Motorola's handset business
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Foreign direct investment in Seoul reaches five-year record high
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.
Latest News
South Korea-based Android manufacturer LG has launched G Flex, a new phablet which has a curved display and self-heals or minimizes scratches on the surface.
The Singaporean government launched iSTART, a financing program designed to fund the expansion of local telecommunication and mobile app startups into Indonesia, which could potentially be an avenue for growth for the Singaporean and IT industry.
Rain Rannu, the Founder and Chief Executive Officer of Fortumo, said in his guest post at VentureBeat that more Android app users would pay if local payment options and not just credit cards would be offered.
Sony Corp said the NHK report that it was talking Chinese technology firm Lenovo Group about a joint venture for its Vaio business abroad was not accurate but did say that it was thinking of possibilities for the loss-making unit, Reuters reported.
Life science startups of India, like Sea6 Energy which turns seaweed to biofuel, are taking on a higher level of risk in their goal of turning their research into successful businesses, The Economic Times reported.
High-end luxury brands might be able to demand their preferred deal prices as Asian, Middle Eastern and private equity buyers scramble to acquire a share in the profitable luxury goods market.
Flappy Bird, a mobile game created by Hanoi-Vietnam-based developer Dong Nguyen of dotGears Studios, hit the top spot of free mobile apps in the Google Play and iOS app stores, mainly because it is very challenging and frustrating.
Bangalore, India-based online fashion retailer Myntra raised $50 million in funding as it got approached by e-commerce giants Amazon and Flipkart as the round closed.
European real estate asset manager SEB Asset Management bought ten-storey office and commercial structure Primegate, which is valued at JPY 5.5 billion (around €39 million).
