Games/Entertainment

Amazon set to launch TV set-top box in March

Washington, US-based e-commerce giant Amazon is scheduled to launch its Android-run TV set-top box in March to gain traction over some of its rivals in the digital media sector, according to a report by Re/Code.

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China-based Tencent Holdings Ltd to acquire 20pct in Dianping.com

Tencent Holdings Ltd, the biggest Internet company in Asia, purchased a 20% stake in online review platform Dianping.com, as it steps up its location-based services, Bloomberg reported.

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Singapore-based mig33 purchases AlivenotDead for undisclosed amount

Social entertainment website mig33 has purchased AlivenotDead. a community that enables celebrities to reach their target audience, TechCrunch reported. Financial terms of the deal were not provided.

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Massachusetts digital video ad firm Extreme pockets $50M in venture capital

Needham, US-based digital video advertising distributor Extreme Reach pocketed $50 million in a venture round from Village Ventures, Greycroft Partners, Spectrum Equity, and Long River Ventures.

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US language learning app Duolingo secures $20M in funding to penetrate Asian market

Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.

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Canadian comic app Bitstrips raising $15M in Series B funding

Toronto, Canada-based personalized comic strip app Bitstrips is raising $15 million in a Series B funding round reportedly led by Kleiner Perkins Caufield & Byers to address growth and scaling issues.

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Sony surpasses PS4 sales target by selling 5.3M units in 3 months

Tokyo, Japan-based electronics giant Sony surpassed its sales target for the PlayStation 4 by selling 5.3 million units worldwide just three months after the latest game console went on sale.

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Michigan's Varsity News Network pockets $3M in Series A funding

Grand Rapids, US-based high school sports website Varsity News Network (VNN) pocketed $3 million in a Series A funding round led by Arsenal Venture Partners for the expansion of its school athletic platform and the launching of its first app.

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Kingsoft to sell $20M stake in gaming subsidiary to Chinese smartphone maker Xiaomi

Beijing, China-based software company Kingsoft will sell a a 4.7% stake worth $20 million in its game developing subsidiary Westhouse to Chinese smartphone manufacturer Xiaomi.

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US encourages banks to do business with licensed pot suppliers with new guidelines

The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.

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Walt Disney Company rolls out own Techstars-powered Accelerator

The Walt Disney Company is launching its own Disney Accelerator powered by Techstars to incubate early stage companies possessing unique ideas about products in the consumer media and entertainment segment, TechCrunch reported.

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California-based six-month old ad tech startup AppScotch helps turn games to ads

AppScotch, an ad tech firm, has decided to pull itself out of stealth mode to give advertisers the opportunity to give their audience a playable, interactive ad, TechCrunch reported.

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Beijing-based mobile game portal Joyme.com secures $21.5M in Series B round

Joyme.com, a mobile game portal company based in Beijing, has received $21.5 million in funding in a round led by Fosun Venture Capital Investment and joined by existing investor BlueRun Ventures.

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Russian investor Yuri Milner backs American cloud graphics firm Otoy

Russian tech investor Yuri Milner, together with Morgan Stanley chief John Mack, invested an undisclosed amount in Los Angeles, US-based cloud graphics firm Otoy to commercialize its suite cloud-based content creation tools.

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German crowdfunding project The Dash builds wireless smart earphones with fitness sensors

Munich, Germany-based firm Bragi launched a crowdfunding campaign on Kickstarter to build wireless smart earphones called The Dash, which has sensors that can track fitness activity and vital signs.

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