Tencent denied China Daily's report that the company would list WeChat as a spin-off corporation in Singapore.
Sectors
3D printing spurs copyright clash on iPhone gear
3D printing continued to spur copyright clash between low-end 3D printer users and various companies that defend their copyrights on electronics.
Merging firms create new technology firm named Freedom Telecommunications
Wilcon and Freedom Dark Fiber Networks merge to create Freedom Telecommunications. The premier provider of best-in-class data center and fiber optic infrastructure, Wilcon, announced the entry into an agreement to acquire Freedom Dark Fiber Networks.
Wanderu receives investments from institutional investors
Wanderu, the searching and booking start up firm, has received about US$2.45 in investment funds from established firms in the industry.
CDC and Abraaj invest in Rainbow Hospitals
CDC and Abraaj have jointly invested in Rainbow Hospitals. The development finance institution of the UK, CDC together with the Abraaj Group, one of the foremost investors participating in growth markets worldwide, have announced their financial investment in the Rainbow Hospitals group.
Latest News
Catavolt Inc scored USD 5 million for its Series B funding round. The world's foremost creator of a platform for cloud middleware enterprise mobility recently announced the closure of its Series B investment round.
CEO Ned Goodman of Dundee Corp appointed son Jonathan as the firm's new Deputy Chairman and Chief Operating Officer.
Arkami gathered USD 1.8 million in Series A funds to develop myIDkey. Arkami, maker of myIDkey, raised USD 1. 8 million in Series A funds. The round was led by McNeel Capital, Gordon Clemons, Mark Swanson and other unnamed angel investors.
Extreme Reach said it had agreed to the acquisition of the TV business of Digital Generation for USD 485 million.
Evercore Wealth Management announced that Jewelle Bickford will be their new Partner and Wealth Advisor.
Sources said ThyssenKrupp was considering the sale of its plant in Arizona as its Steel Americas sale stalled.
Forrester Research predicted that the tablets' worldwide installed base would reach more than 900 million by 2017, up from 2010's 15 million users.
Alkhabeer Capital said it would put more investments in the Gulf region and seek listing in the local bourse.
Two sources told Reuters that Barclays was mulling the sale of its UAE retail banking operations. Two sources told Reuters that Barclays is considering a sale of its retail banking business in the United Arab Emirates (UAE).
