Singapore City, Singapore-based same-day hotel booking app In2Nite raised $2.8M in a venture round led by IDG Ventures and other undisclosed investors to expand its reach across the Asian market.
Sectors
K-Cube emerges as a key player in South Korea's startup industry
Seoul, South Korea-based early stage venture capital firm K-Cube Ventures has emerged as one of the key players in the country's startup industry with its quick and risky investment deals that focus on startups that offer unique solutions to existing problems.
EmergeVest picks up controlling stake in UK chilled food distributor NFT
Hong Kong-based private equity firm EmergeVest picked up a controlling stake in Derbyshire, UK-based chilled and frozen food distributor NFT Distribution Operations for an undisclosed amount to expand its sales.
Canadian firm Cannabis Rx purchases 9-acre property in Florida for $1.2M
Canadian real estate investment firm Cannabis Rx reportedly purchased a 9.26-acre property near the Sarasota-Bradenton International Airport in Florida in a $1.2-million deal to turn it into a licensed grow facility or distribution center.
Square denies acquisition talks with Google
Although Google reportedly considered San Francisco, US-based mobile payments system Square Inc as a potential acquisition or merger candidate, the latter denied reports that it has entered acquisition talks with search giant.
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US-based search giant Google has just hired high profile biochemist Cynthia Kenyon of the University of California, San Francisco (UCSF) to be part of its secretive Project Calico which aims to come up with a way to extend the lifespan of humans.
Seattle, US-based entrepreneur Liz Havlin is set to launch a crowdfunding campaign via Kickstarter to raise $30,000 to develop a 3D printer called the Legacy that uses recycled colored plastic as ink.
Orlando, US-based sports footwear, apparel, and accessories maker Nike is about to cut off 70 out of the 200 members of its Digital Sport unit in a bold move to stop manufacturing hardware and focus its wearable tech efforts on software.
New York, US-based precision cut diamond and customized jewelry retailer Simply Diamonds acquired Buffalo, New York-based color stone and men's fine jewelry maker MA Reich & Co for an undisclosed amount .
Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.
The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.
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.
Missouri, US-based holding company Enterprise Holdings, the operator of the Enterprise Rent-A-Car and National Car Rental, purchased Denver-based car-sharing services provider OccasionalCar for an undisclosed sum to widen its local network of transportation options.
Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.
