Consumer Web/Social Media

Brazilian startup Netshow.me closes seed round to offer online concert service for artists

Sao Paulo, Brazil-based curated web platform Netshow.me closed an undisclosed amount in its seed funding round from Buscape co-founder Rodrigo Borges to offer online concert service for artists and musicians.

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Foxconn's FIH pours $2.2M into Singaporean social media firm mig33

FIH, a handset manufacturing service provider of Foxconn, poured $2.2 million into Singaporean social media site mig33 to help the latter preload its apps into tens of millions of mobile phones every month.

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US online publisher Glam rebrands as Mode Media after $15M funding round

Brisbane, California-based online publisher and ad firm Glam Media rebranded as Mode Media after raising $15 million in an unannounced funding round from undisclosed investors to launch a new video business in Los Angeles.

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Facebook to build second Iowa data center

Menlo Park, US-based social network giant Facebook announced its plans to build a second Iowa data center right next to its first facility in Altoona which is still being constructed and has yet to start its operations.

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Alibaba, Yunfeng Capital to acquire stake in Youku Tudou valued $1.22 bln

Alibaba and Jack Ma's co-founded company, Yunfeng Capital, said that they would acquire a stake in China's YouTube equivalent Youku Tuduo in a deal valued $1.22 bln prior its highly anticipated public debut.

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Chinese government punishes Sina.com for publishing pornographic content

The Chinese government arrested some people and fined Internet giant Sina.com for publishing and distributing pornographic content on its website as part of China's "Cleaning the Web" campaign which is held every year.

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Merus Capital forms special fund to invest in US ad-tech firm AdRoll

Palo Alto, US-based software-focused venture capital firm Merus Capital formed a special Merus Capital Opporunity Fund just after it closed its second fund at $43 million to support the late-stage development of San Francisco-based ad-tech firm AdRoll.

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Blucora acquires US-based explainer site HowStuffWorks for $45M

Bellevue, US-based Internet business operator Blucora acquired Atlanta, Georgia-based explainer site HowStuffWorks in a deal valued at $45 million in cash from Discovery Communications, which had bought the site in 2007 for $250 million.

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Pre-IPO fraud lawsuit dismissed, Twitter gets final laugh

A lawsuit was filed against Twitter by two firms claiming that the microblogging platform has committed a pre-IPO fraud to justify the company's $10 billion valuation was dismissed by a US District Judge in New York.

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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.

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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.

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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.

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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.

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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.

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Citymapper takes in USD10 million Series A funding round

Citymapper has raised USD10 million Series A funding round led by Balderton Capital and other investors including Index Ventures, Greylock Partners and Connect Ventures.

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