Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"

With an ambition to be the next eCommerce giant in Southeast Asia, Matahari Mall officially launched Wednesday with $500 million funding from giant Indonesian real estate development company Lippo Group.

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Chinese social networking service Momo files for IPO

China's Momo Inc, a mobile-based social networking platform, filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of its American Depositary Shares (ADS).

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Japan's Rakuten Inc launches cheap smartphone service

Japanese e-commerce giant Rakuten Inc said it will offer a cut-rate smartphone service for about a third of the monthly fees charged by the country's three dominant operators, adding to increasing price competition in the sector.

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California-based Cloud Foundry to boost popularity by launching open source foundation

San Mateo, US-based open platform as a service Cloud Foundry is about to become more popular by launching the Cloud Foundry Foundation, which will help servers deploy software apps of developers under an open-source Apache license.

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Rakuten to launch beta version of streaming video platform Viki in Japan

Tokyo,Japan-based Internet services firm Rakuten will launch a beta version of the Singapore-based streaming video platform Viki in Japan tomorrow, just five months after the Japanese bought the platform for $200 million.

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Rakuten Ventures leads $3.5M Series A round for Singapore-based ViSenze

The venture capital arm of Tokyo-based Internet firm Rakuten, Rakuten Ventures, led the Series A round for Singapore-based ViSenze which raised $3.5 million, TechCrunch reported.

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Japanese Internet services firm Rakuten opens first European R&D facility in Paris

Tokyo, Japan-based Internet services company Rakuten Inc opened its first European research and development (R&D) facility in Paris, France, which is called the Rakuten Institute of Technology.

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Japan's Rakuten purchases Viber for $900 million

Rakuten said it will purchase messaging application Viber for $900 million, marking the latest and largest acquisition of the biggest internet company in Japan, TechCrunch reported.

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Carousell lands USD800,000 in funding for Southeast Asia expansion

Singapore-based consumer-to-consumer marketplace mobile startup Carousell snagged USD800,000 in seed funding to be used for the development of its app and expansion efforts in Southeast Asia.

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Rakuten to acquire Viki for USD200 million - report

Japanese E-commerce giant Rakuten acquired video streaming site Viki for a reported USD200 million.

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Slice raises USD23 million in Series B funding

Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.

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Pinterest raises $100 million in funding

Japan-based online retailing giant Rakuten is leading the latest $100 million round of funding in U.S. social networking site Pinterest.

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