According to its CEO, Dianping.com's value is higher than Groupon and Yelp or about USD10 billion.
Deals
EBay founder Omidyar plunges into news industry with new media venture
EBay Inc founder and chairman Pierre Omidyar discussed about his new media venture via a blog post on Wednesday.
L'Oreal to acquire two Shiseido brands
Japan hair and cosmetics company Shiseido on Thursday said it had been discussing with L'Oreal about the latter's acquisition of the Decleor and Carita skincare brands for EUR230 million or USD314.3 million.
HSBC unit slapped with record USD2.46 billion final judgment
A decision by US Judge Ronald Guzman put HSBC's Household International Inc liable to pay USD2.46 billion as settlement for misleading its investors.
Evidence in one case used tor LIbOR rigging suit against Barclays
Presented evidence on another case is being used as evidence to prove Barclays' hand in the recent LIbOR rigging scandal.
Latest News
The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.
In a move to comply with local regulations as well as economic slowdown in China, BBVA would be able to sell off some of its shares in CITIC.
The takeover of the Hysco businss ensures steady supply of steel for Hyundai Motor Corp. Parent company Hyundai Steel Co had laid out plans to take over the core business of its subsidiary Hyundai Hysco Co.
For an undisclosed amount, private equity firm New Silk Route acquires Mediterranean cuisine restaurant Moshe's for expansion purposes.
The government regulatory agency FIFB pushed back review of necessary approvals for the SIA-Tata Sons airline deal.
The International Coal Ventures Ltd consortium is interested in purchasing Rio Tinto. The International Coal Ventures Ltd had indicated its interests in the puchasing the Rio Tinto owned Riversdale Mining coal operations located in Mozambique.
One of Oman's largest construction firms have issued a rights issue that was 96% oversubscribed.
Blackstone Group's Brixmor Property Group would be raising USD 787.5 million in a planned US IPO.
Breathometer Inc scored close to USD 2 million in its seed funding round, and would use the funding to produce and market its Breathometer device.
