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Easou Technology, the Chinese mobile search and advertising firm, has raised $12 million in a third round of funding led by iD Tech Ventures and AXA Private Equity, reports ChinaVenture (via Pacific Epoch ). The three-year old company, which employs 500 staff, is using the investment for product research...
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The $150 million BlackBerry Partners Fund has announced its first three investments totaling $16.7 million. They are: buzzd, a social network, Digby, a mobile storefront provider and WorldMate, a travel management tool. These three represent the fund's first investments, but last week, the investment...
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The BlackBerry Partners Fund, a $150 million pool of money focused on apps and services for the RIM-made device, had a little contest of its own (a la Google's Android developer challenge) and today awarded $150,000 from its venture fund to three companies: Poynt, Strands Social Player and Nobex...
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10-24-2008
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Filed under: 5, 703, 1, 13, 26, 10, 373, 375, 25, 27, 376, 815, 810
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The recession and AdMob haven't been formally introduced it seems. The mobile ad firm just closed $15.7 million in a third round of funding and says it has become cash-flow positive. The funding was led by Sequoia Capital's Growth Fund with Accel Partners also participating. Sequoia also led...
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Madhouse, the Chinese mobile marketing and advertising startup, has received an undisclosed amount of funding from Nokia's $250 million VC arm Nokia ( NYSE: NOK ) Growth Partners. This is the VC firm's first deal in the mainland. The Shanghai-based company received $8 million in its second round...
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Earlier this year RIM ( NSDQ: RIMM ) and Thomson Reuters ( NASDAQ: TRIN ) launched a $150 million BlackBerry Partners Fund to invest in mobile apps for the BlackBerry platform and other mobile platforms. And now the fund,which hasn;t announced any investments yet, has gone small a la Facebook fBFund...
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Wireless carriers are investing more money in start-ups with the hope that they'll be able to offer more compelling services and avoid becoming a dumb pipe, reports GigaOm via BusinessWeek . The timing corresponds with the trend towards consumers buying smartphones and wanting to use their phones...
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MobUI , a company founded by former Action Engine employees, has decided to buy the assets of its former employer to create applications and mobile Web experiences on new mobile platforms, such as the iPhone and Android. In August, Action Engine mysteriously laid off its employees and closed its doors...
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10-12-2008
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Filed under: 5, 465, 33, 459, 703, 1, 13, 26, 24, 10, 373, 375, 27, 704, 815
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China's Huawei Technologies is canceling the sale of a major stake in its mobile-devices unit after only two bidders submitted offers, the WSJ reported. The lack of interest is an example of how the credit crisis is affecting private equity in Asia. Huawei is able to postpone the auction because...
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A big second round for local search startup Zvents … The San Mateo, CA-based company has raised $24 million from Nokia ( NYSE: NOK ) Growth Partners, AT&T ( NYSE: T ), and Navteq, along with past backers Vantage Point Venture Partners and Red Rock Ventures. The company previously raised $7 million...
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Tech stocks took a huge hit today, following the house's failure to pass a bailout plan intended to rescue the nation's financial system and the Dow tumbling 778 points. To give a sense of how it hurt the broader telecom, wireless and communications-related stocks, of the 25-or-so stocks I regularly...
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09-30-2008
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Filed under: 43, 9, 38, 7, 61, 33, 65, 459, 48, 703, 515, 1, 70, 372, 375, 27, 704, 815
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Dallas-based Big in Japan has received $700,000 in seed financing from Architel LP just after winning $275K in Google's Android Developer Challenge last month. ShopSavvy, a personal shopping assistant developed by Big in Japan for the Android platform, was one of 10 winners out of 1,800 entries....