Investment & Financing
HK-Based Tech Startup PressLogic Raises $10M USD Series A+ Funding
* The round was closed by Meitu, Inc. (SEHK:1357), China's leading image processing and social sharing platform * Funds will be used to expand overseas female lifestyle content and user-generated content (UGC) markets, optimize its self-developed data-driven analytics software, as well as to ...
KPS Capital Partners Portfolio Company C&D Technologies To Acquire Trojan Battery Company
NEW YORK, Nov. 6, 2018 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that its portfolio company C&D Technologies, Inc. ("C&D") has agreed to acquire Trojan Battery Company, LLC ("Trojan") from Charlesbank Capital Partners, LLC and other shareholders. Financial terms of the tr...
AirMedia Announces the Sale of 20.32% of its Advertising Business and Realignment of its Business Components
BEIJING, Nov. 6, 2018 /PRNewswire/ -- AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN), an operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market, today announced that Beijing Linghang Shengshi ...
Electrolux and Karma Introduce a Smart Fridge to Reduce Food Waste
STOCKHOLM, Nov. 6, 2018 /PRNewswire/ -- Electrolux, together with the startup Karma, introduces a smart refrigerator for grocery stores. The refrigerator, beta launched today, will be integrated with Karma's app and will contribute to the reduction of food waste by making it easier for supermar...
Fosun Completes the Acquisition of Guide Investimentos
Central Bank of Brazil approved the negotiation announced last year SAO PAULO, Nov. 6, 2018 /PRNewswire/ -- Fosun announces the conclusion of the acquisition of 69.14% of Guide Investimentos, after the approval of the Central Bank ofBrazil. Under the agreement, Fosun paid R$ 167.9 million, with a...
Standard Textile Acquires Luxury Italian-Based Global Hospitality Business Including the Mascioni Hotel Collection Brand
Acquisition expands Standard Textile's leadership position in the hospitality market and strengthens growth opportunities CINCINNATI, Nov. 5, 2018 /PRNewswire/ -- Standard Textile Co., Inc., a global leader in the hospitality and healthcare textile markets, announces today it has reached an agre...
Gibbs Amphibians Set to Establish Humdinga Assembly Subsidiary in Qatar
DOHA, Qatar, Nov. 5, 2018 /PRNewswire/ -- Gibbs Amphibians (Gibbs) is establishing a strategic partnership with the Madaeen Al Doha Group to supply and assemble the Gibbs Humdinga. The subsidiary, called Gibbs Amphitech, will be based inQatar and will supply Gibbs products in the region and other...
SMIT Acquires a Hardware-based Verification Systems and Software Company
HONG KONG, Nov. 1, 2018 /PRNewswire/ -- SMIT Holdings Limited ("SMIT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a world leading CAM supplier and a major mPOS supplier inChina, has announced its new acquisition of S2C Tech Inc. ("S2C"), a hardware-based ver...
Alliance Ventures Leads Strategic Investment in WeRide.ai
GUANGZHOU, China, Oct. 31, 2018 /PRNewswire/ -- Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor of WeRide.ai (formerly JingChi.ai),China's leading autonomous driving company focused on Level 4 (L4) self-driving technology, ...
AR Optics Startup LetinAR Raises $3.6m in Series A Funding for propelling commercialization of AR glasses
SEOUL, South Korea, Oct. 31, 2018 /PRNewswire/ -- LetinAR
12CM to enter European market through joint venture
SEOUL, South Korea, Oct. 31, 2018 /PRNewswire/ -- 12CM.Inc
Alliance Ventures Leads Strategic Investment in WeRide.ai
PARIS, TOKYO and YOKOHAMA, Japan, Oct. 31, 2018 /PRNewswire/ -- Renault-Nissan-Mitsubishi and WeRide.ai to increase presence in Chinese autonomous vehicle services Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor of WeRide...
Orion Health Finalizes Investment Deal with Hg
BOSTON, Oct. 30, 2018 /PRNewswire/ -- Orion Health (NZX:OHE/ASX:OHE) today announced the completion of its transaction with technology investor Hg for the acquisition of Rhapsody and a 24.9% stake in Orion Health's Population Health Management business. Orion Health retains a 24.9% investment in ...
Clarivate Analytics to enhance AI-driven trademark research solutions with TrademarkVision acquisition
Strategic acquisition of cutting-edge, Australian company to deliver the next generation of trademark research PHILADELPHIA, Oct. 31, 2018 /PRNewswire/ -- Clarivate Analytics, the global leader in providing trusted insights and analytics to accelerate the pace of innovation, today announced the ...
GTR Ventures Makes First Africa Investment
LONDON and SINGAPORE, Oct. 30, 2018 /PRNewswire/ -- GTR Ventures, the world's
first investment and venture-building platform specialized in trade and supply
chain, has announced an investment in Orbitt -- an African-focused fintech
deals platform.
Winning Developer Solutions Announced in Inaugural Call for Code Global Challenge to Mitigate Effects of Natural Disasters
IBM, David Clark Cause, United Nations Human Rights, the American Red Cross,
The Linux Foundation, NEA, and additional supporters celebrate developers
helping save lives with open source technologies
SAN FRANCISCO, Oct. 30, 2018 /PRNewswire/ -- Call for Code Founding Partner
IBM (NYSE: IBM
PeopleFund Secures US$11M in Series B Funding to Cement Leading Position in the Korean Fintech Market
SEOUL, South Korea, Oct. 30, 2018 /PRNewswire/ -- PeopleFund, Korea's fastest growing financial technology platform that connects borrowers and investors, announced today that it has securedUS$11M in Series B funding, making it the largest Series B investment for a Korean P2P lending company. The...
Swedish Game Studio Acquires Vobling to Become the Nordic Region's Leading Publicly Listed AR/VR Company
STOCKHOLM, Oct. 29, 2018 /PRNewswire/ -- Bublar Group (BUBL MTF), a publicly
listed Augmented Reality (AR) gaming studio, has acquired the Swedish AR/VR
company Vobling
IBM To Acquire Red Hat, Completely Changing The Cloud Landscape And Becoming World's #1 Hybrid Cloud Provider
- Most significant tech acquisition of 2018 will unlock true value of cloud for business - IBM and Red Hat to provide open approach to cloud, featuring unprecedented security and portability across multiple clouds - Deal accelerates IBM's high-value business model, making IBM the #1 hybrid...
Renmin Tianli Group, Inc. Announces Entry into Specialty Chicken Farming and Closure of a Farm
WUHAN CITY, China, Oct. 26, 2018 /PRNewswire/ -- Renmin Tianli Group, Inc. (NASDAQ: ABAC) ("Renmin Tianli" or the "Company"), a producer of breeder hogs, market hogs and black hogs, as well as specialty processed black hog pork products sold through retail outlets and the internet, with headquart...
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