Shanghai-based online food ordering site Ele.me announces that it has raised US$350 million series E financing led by CITIC Private Equity, according to its official Weibo account. Tencent Holdings Limited, Chinese e-commerce platform JD.com Inc., online review platform Dianping.com, and Sequoia Capital also participated in the round. Earlier in January, there has already been media […]

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Shanghai-based online overseas shopping platform yMatou.com has completed US$100 million series B financing from Sailing Capital International, according to an announcement on its Weibo account. The company previously received an undisclosed amount of series A financing from SAIF Partners in January 2014, seen from an internal email letter sent by Zeng Bibo, yMatou's CEO. The […]

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Taiwan’s National Development Council (NDC) announced on January 23 that it plans to invest a total of US$83 million in four venture capital firms, hoping to spur growth for innovative start-ups and technology development for the island, according to a government filing. The NDC will invest US$15 million in 500 Startups III, L.P., a micro […]

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Shanghai-based mobile game media platform Youxiduo.com has received over RMB100 million (US$16 million) series B financing led by Fortune Venture Capital Co.Ltd., according to an announcement on its Weibo account. The company previously received millions of RMB series A financing from undisclosed investors in January 2014. Launched at the end of 2012, Youxiduo.com operates a […]

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Beijing-based carpool mobile app maker Ttyongche has received approximately US$10 million series B financing from Sequoia Capital, according to Chinese media reports. The company previously received US$3 million series A financing from Innovation Works in June 2014. Launched in July 2014, the app has expanded from Beijing to other major cities including Shanghai and Hangzhou […]

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Disgruntled users complain about ‘discrimination’ over not being targeted with BMW ads

Alibaba Group Holdings, the New York Stock Exchange-listed Chinese e-commerce giant with US$256 billion in market capitalization, may have registered another quarter of rapid growth during the last three months of 2014, says a report by equities research firm, T. H. Capital. Gross merchandise volume of Alibaba's Tmall may have grown 71% year-on-year to RMB312 […]

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The Islamic State's beheading of a Japanese citizen has highlighted just how vulnerable the country is to outside threats. Will the Japanese public now support Prime Minister Shinzo Abe's efforts to reform the country's constitution to allow for a more…

Time for US and India to move beyond symbolism to real action