Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.
Sectors
Paul Graham hands responsibilities of Hacker News to others
As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.
Credit card security firm says lawsuit filed against it on Target breach without basis
Chicago-based Trustwave Holdings Inc denied allegations on the lawsuit filed by two lenders that it managed Target's data security and processed the data of its cardholders, Reuters reported.
Antique French character doll sells for record price of $300K at Theriault auction
An antique doll sculpted by Albert Marque set a record-breaking price of $300,000 in an auction event held by Theriault in Naples, Florida, a statement about the activity said.
Longtime Microsoft exec Antoine Leblond leaves the firm
Antoine Leblond, a longtime executive for Windows and Office, is leaving Washington, US-based software giant Microsoft on Monday to explore his opportunities outside of the firm.
Latest News
Ohio, US-based 3D building company 3DKitBash launched a crowdfunding campaign via Kickstarter to raise $500 for a new 3D object files kit that lets users print skulls on their 3D printer.
BlackRock adds list to investors in warning of environmental dangers to Great Barrier Reef ecosystem
BlackRock, the world's biggest fund manager, has joined the growing list of investors that have warned against the risks faced by the Great Barrier Reef, Bloomberg News reported.
British Columbia, Canadian vertical farming firm Vertical Designs Ltd acquired a 10% stake in marijuana industry-focused publicly traded firm Affinor Resources for an undisclosed amount.
Microsoft has big ambitions for Bing, including making a part of its entity engine available for third party sites allowing them to showcase the important features on the search engine, TechCrunch reported.
Boston, US-based travel startup TripzonTravel.com allows travels to customize their own vacation packages by adding in the destinations, flights, hotels, transportation, and activities they want using a single platform.
Britain-based AstraZeneca has formed a flagship deal with Medical Research Council or MRC to hopefully help the drugmaker revive research on new drugs, Reuters reported.
Chennai, India-based non-banking finance firm IFMR Capital bagged $29 million in funding from specialist investor LeapFrog Investment's second investment fund for its product and service expansion.
Bizzby, a London, UK-based on-demand services marketplace for cleaners, plumbers, electricians, and other tradespeople, raised $10 million in funding from an undisclosed US-based hedge fund.
Indonesia-born and New York, US-based fashion startup Project Shoe lets women personally customize their shoes using its e-commerce platform and have the order shipped anywhere for free.
