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Rider University finalizes term sheet with Westminster Choir College partner

The Choir College will remain in Princeton 02/21/2018 Rider University’s Board of Trustees announced today it has signed a non-binding term sheet with Beijing Kaiwen Education Technology Co., Ltd, a Chinese firm that owns the Kaiwen Academies, two prominent K-12 international schools in Beijing, for the transfer of ownership of Westminster Choir College, Westminster Conservatory [...]

By |2018-04-19T15:36:13+07:00April 19th, 2018|China, Uncategorized|0 Comments

China: HNA Group plans $7.6b investment in tourism, digital transformation

Matthew Miller October 17, 2017 China’s HNA Group Co Ltd plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. Eric Tong, an HNA Group board member and Chairman of HNA Technology Group, told Reuters on the sidelines of a media event the firm will primarily [...]

By |2017-10-30T17:27:24+07:00October 29th, 2017|Asia, China, Technology|0 Comments

JPMorgan Acquires WePay, a Payments Service Used By FreshBooks and GoFundMe

Terms weren't disclosed, but the bank is rumored to have paid more than $220 million. By Reuters October 18, 2017 JPMorgan Chase said on Tuesday it would acquire online payment provider WePay as the bank looks to integrate payments into software used by small businesses. WePay’s technology, popular among small businesses, helps online software service [...]

By |2017-10-29T07:47:56+07:00October 29th, 2017|Business, Technology|0 Comments

China’s Meituan-Dianping raises $4b, valuing the firm at a lofty $30b

Cate Cadell October 19, 2017 Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China’s largest on-demand services provider at $30 billion, as part of a strategy to compete with the country’s leading e-commerce firms in offline retail. Meituan-Dianping in a statement said the round was led by existing [...]

By |2017-10-30T17:28:51+07:00October 29th, 2017|Asia, Business, China, Technology|0 Comments

Exclusive: Sea Ltd is said to acquire 82% of Vietnam’s Foody for $64m

Nguyen Thi Bich Ngoc September 28, 2017 Singapore-based consumer Internet group Sea Limited has acquired 82 per cent of Vietnamese gourmet media platform Foody Corporation for around $64 million, a source familiar with the matter told DEALSTREETASIA. On September 26, this portal had reported that Sea had bought a controlling interest in an unnamed Vietnamese [...]

By |2017-10-30T17:29:45+07:00October 29th, 2017|Asia, Business, Vietnam|0 Comments

Navis-backed Celebrity Fitness, Oaktree’s Fitness First Asia to merge

Shiwen Yap February 24, 2017 Celebrity Fitness and Kuala Lumpur-headquartered Fitness First Asia have merged in a move that will create one of the largest fitness club networks in Asia. Financial terms of this merger were undisclosed, according to their announcement on Thursday. The merger will see Oaktree Capital Management and Navis Capital owning an [...]

By |2017-10-30T17:30:48+07:00October 29th, 2017|Asia, Business, Uncategorized|0 Comments

Baidu furthers AI push with acquisition of digital assistant startup Raven Tech

Baidu is furthering its push into artificial intelligence after it announced the acquisition of Raven Tech, a Chinese startup that developed an AI voice assistant platform. Baidu confirmed it has bought the startup’s tech, product and staff of 60. The deal comes a month after Baidu hired noted AI expert Qi Lu, formerly with Microsoft, [...]

By |2017-10-30T17:33:16+07:00March 6th, 2017|Technology, Uncategorized|0 Comments

Mobile ad tech firm Smaato acquired by China-based group for $148M

Mobile advertising company Smaato is set to become the latest technology startup to be acquired by Chinese investors, after the San Francisco firm announced that Beijing-based Spearhead Integrated Marketing Communication Group, an offline marketing organization, has agreed to buy it for $148 million. Founded in 2005, Smaato is a real-time advertising exchange for mobile sites and app developers. It [...]

By |2017-03-06T18:08:37+07:00March 6th, 2017|Technology, Uncategorized|0 Comments

Talking Tom maker Outfit7 confirms it has been sold to United Luck Consortium for $1 billion

United Luck Consortium has purchased Outfit7, the maker of the wildly popular Talking Tom mobile app, for $1 billion. The buyer is not actually the previously rumored acquirer, Chinese chemical firm Zhejiang Jinke Entertainment Culture. Rather, Outfit7 Investments Ltd. (Outfit7) said in a press release that its shareholders have sold 100 percent of the company to [...]

By |2017-03-06T18:11:08+07:00March 3rd, 2017|Technology, Uncategorized|0 Comments

Samsung Electronics Limited Paid Approximately $215 Million To Acquire Virtual Assistant Startup, Viv Labs

The South Korean tech giant, Samsung, acquired Viv Labs back in October 2016. The South Korean tech giant, Samsung, again came into the limelight as the company recently disclosed the terms of its acquisition agreement of a virtual assistant startup, dubbed as Viv Labs. As per the conditions of the agreement, Samsung paid approximately [...]

By |2017-03-06T18:16:13+07:00March 2nd, 2017|Technology, Uncategorized|0 Comments
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