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Alibaba seeks to acquire rest of China food delivery app Ele.me

Bloomberg reported yesterday that Alibaba plans to purchase the roughly-60 percent of Ele.me that it currently doesn’t own from the other investors, which include search giant Baidu. Alibaba Group is seeking to acquire full control of Ele.me by buying out Baidu and other investors in the Chinese food delivery startup. Beijing Hualian Department Store Co,… Read More »

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Momo buys Tantan, China’s Tinder, for over $600M

Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around $6 billion, announced that it has acquired Tantan, China’s top dating app, for “approximately 5.3 million newly issued Class A ordinary shares of the Company and US$600.9 million in… Read More »

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Nokia acquires mesh WiFi startup Unium

To coincide with MWC in Barcelona and a bigger step into the WiFi business, Nokia has announced that it has acquired Unium, a startup out of Seattle that builds technology for mesh WiFi for home networking services. Unium’s tech is used to address one of the biggest pain-points in home WiFi today: it helps fill… Read More »

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VMware Buys Cloud Security Startup CloudCoreo

VMware will acquire CloudCoreo to help customers get a better understanding of their risks in the cloud. The small Seattle team — less than ten employees — will join VMware’s Cloud Services unit and CloudCoreo’s flagship configuration-management product will get folded into that group, said Milin Desai, general manager for VMware Cloud Services. Terms of… Read More »

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Google eyes gaming with ‘Yeti’ streaming service

Alphabet Inc’s Google is developing a subscription-based game streaming service that could work either on its Chromecast or a Google-made console, which is still being developed, the Information website reported on Wednesday. The service, codenamed Yeti, would put Google at the forefront of a new part of the video game business that lets people play… Read More »

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Ex-Rovio exec launches animation startup

Former Rovio head of content strategy Nick Dorra has opened Haruworks, a new Finnish animation startup that will develop and produce original, multiplatform TV shows for preschoolers and kids.\ The company will begin initial conversations about its development slate at Kidscreen in Miami, with view to presenting the final slate at MIP TV this April. The… Read More »

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