VENTURE CAPITAL POST

Internet auction site eBay intends to drive a wave of consolidation in Russia's e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.

German business software maker SAP (SAPG.DE) said on Thursday it has agreed to acquire U.S.-based expense management software maker Concur Technologies Inc (CNQR.O) in an all-stock deal valued at $7.3 billion that expands its presence in internet-based software or so-called cloud computing.

Shares in British online fashion retailer ASOS (ASOS.L), which have fallen sharply in recent months after profit warnings and a warehouse fire, jumped on Wednesday on an unconfirmed report of a U.S. bid for a stake in the business.

Amazon.com Inc (AMZN.O) unveiled a $10 credit-card reader and mobile app for brick-and-mortar businesses on Wednesday, marking the latest step by the U.S. online retailer to expand its presence in the physical world.

EBay Inc is asking all its users to change their passwords, according to a message posted on the website of the company's online payment unit PayPal.

Palo Alto, US-based cloud data service and enterprise software provider Apigee raised $60 million in new funding to expand its existing services beyond the basic application programming interface (API) technology.

San Francisco, US-based transportation network firm Uber will launch an on-demand courier service in Manhattan, New York tomorrow, according to an exclusive report by VentureBeat.

US-based online auction giant eBay has not embraced the trading of virtual currencies such as bitcoin and dogecoin in its sales site along with an update to its Currency Policy.

London, UK-based e-commerce analtyics firm Ometria raised $1.5 million in a seed funding round from large group of angel investors to expand its workforce and develop its product.

Activist investor Carl Icahn has suggested a partial spinoff of payments platform PayPal from eBay. This time, he is suggesting a 20% IPO of PayPal, VentureBeat reported.

Online and mobile classifieds platform Quikr has raised another $90 million in its most recent funding round, according to a report on The Economic Times citing a source.

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.

PhiSix Fashion Labs, a computer graphics firm in the Bay Area, has been purchased by e-commerce giant eBay to allow online customers to fit clothes virtually before buying them, VentureBeat reported.

E-commerce giant eBay and iPhone maker Apple Inc were beloved bets among top US hedge funds like that of activist investor Carl Icahn in the fourth quarter of last year, Reuters reported.

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.