Spanish startup Giftri helps find personalized gifts on Amazon using Facebook data

Granada, Spain-based gifting startup Giftri mines web consumers' Facebook data, including Likes and Interests, to come up with personalized gift recommendations that gift-senders can buy from Amazon.

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US news site Business Insider raises $12M in round led by Jeff Bezos

New York, US-based news website Business Insider raised $12 million in a funding round led by Amazon chief Jeff Bezos for the expansion of its workforce and subscription service.

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Walmart to establish e-commerce marketplace in India

Arkansas, US-based retail giant Walmart is planning to establish an e-commerce marketplace in India in a bid to compete with online retail giants for a share in India's e-commerce industry.

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Amazon to offer its own music streaming service under Prime membership

US-based e-commerce giant Amazon is reportedly in talks with big music companies about plans to offer its own music streaming service under it Prime membership, according to a report by Re/code citing anonymous industry sources familiar with the discussions.

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American SaaS firm ClearSlide lands $50M in Series C funding to help salespeople make effective presentations

San Francisco, US-based sales communication platform ClearSlide landed $50 million in a Series C funding round led by Social+Capital Partnership to provide a service that boosts productivity of salespeople.

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Amazon to rename European streaming video service LoveFilm as Prime Instant Video

Seattle, US-based e-commerce and digital media giant Amazon will rename its London-based streaming video service LoveFilm as Prime Instant Video in Germany and the UK starting February 26.

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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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Piracy websites make a whopping $4.4M annually on ads: report

Aside from robbing income from original makers of content, piracy websites also make around $4.4 million annually from ads, according to a study published by Digital Citizens Alliance.

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Open source e-commerce platform Sellvana nabs $5M in seed round

Sellvana, an open source e-commerce software developer based in Portland, Oregon, has received $5 million for its seed funding round from unnamed New York investors, VentureBeat reported.

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Amazon purchases Double Helix Games for undisclosed amount

Amazon has bought Double Helix Games, a gaming studio based in Irvine, California created from the merger of The Collective Inc and Shiny Entertainment. Terms of the deal were not disclosed, TechCrunch reported.

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Indian fashion retailer Myntra raises $50M in funding as Amazon and Flipkart approach

Bangalore, India-based online fashion retailer Myntra raised $50 million in funding as it got approached by e-commerce giants Amazon and Flipkart as the round closed.

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Irish firm Top Level Domain Holdings bags $33M from investors

Dublin, Ireland-based firm Top Level Domain Holdings bagged $33 million in funding from its investors to beef up its bidding power in the upcoming private auctions of new Internet domains.

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German credit rating startup Kreditech bags $15M in debt funding

Hamburg, Germany-based credit and loans startup Kreditech bagged $15 million in debt funding from Kreos Capital to finance consumer lending and expansion in Europe, Oceania, and Latin America.

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Microsoft reduces prices of storage services to compete with Amazon

Microsoft is not going to permit itself to be counted out of the cloud game and has taken on Amazon by reducing the prices of its cloud storage services, VentureBeat reported.

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Amazon mulls offering online pay-TV service- WSJ

Amazon is thinking of launching an online pay-TV service and has already approached various media companies about obtaining a license to distribute their TV channels, according to a report in The Wall Street Journal citing sources.

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