HONG KONG, China — Sina Corp has hired Credit Suisse AG and Goldman Sachs Group Inc for a U.S. initial public offering of its Sina Weibo microblogging service worth about $500 million, a source familiar with the plans said on Monday.
SAN FRANCISCO, United States — Mark Zuckerberg’s latest deal shows how high he’ll go, and how fast he’ll move, to keep Facebook Inc. growing by buying out the competition.
Today, BoF can exclusively reveal that ASAP54, a startup with a fashion search and discovery app, has raised a total of $3 million from e.ventures, Ceyuan Ventures, Novel TMT and others.
JOHANNESBURG, South Africa — Cie. Financiere Richemont SA’s online fashion retailer Net-a-Porter may be worth as much as 2.5 billion euros ($3.4 billion) based on a comparison with the possible value of German rival Zalando AG, according to Bank Vontobel AG.
HONG KONG, China — Alibaba Group Holding Ltd.’s estimated valuation rose to an average of $153 billion after the Chinese e-commerce company, said to be headed for an initial public offering this year, reported surging sales.
Jan. 28 (Bloomberg) -- Alibaba Group Holding Ltd., China’s online marketplace for products from Louis Vuitton bags to Boston lobsters, swung to a quarterly profit ahead of a potential initial public offering.
Net income attributable to ordinary shareholders was $792 million in the three months ended September, up from a loss of $246 million a year earlier, according to a presentation from Yahoo! Inc., which owns a
Bits & Bytes is a monthly showcase of noteworthy digital innovations in the retail space, courtesy of research consultancy GDR Creative Intelligence.
CHICAGO, United States — As it looks to expand beyond the email daily deals business, Groupon has purchased online "flash-sale" retailer ideeli for $43 million in cash.
ZURICH, Switzerland — The emergence of smartwatches, gadgets allowing the wearer to check text messages or capture video, is an opportunity rather than a threat for traditional watchmakers, the head of Swatch Group told Reuters on Friday.
Today, BoF can exclusively report that Dazed & Confused, one of fashion’s most respected youth-focused magazines, will reduce the frequency of its print publication to 6 times per year as it continues to expand its audience online.