Archive | December, 2015

Alibaba acquires the South China Morning Post

Commentary
The publishing world is abuzz over the purchase of Hong Kong’s iconic newspaper the South China Morning Post (SCMP) by Chinese ecommerce giant Alibaba. The $266 million deal includes the 112-year-old English-language newspaper and other media properties such as outdoor advertising, digital assets and magazines. According to analysts, the acquisition of SCMP is a political move. By owning SCMP, Alibaba aims to improve and reshape the image of China, directly addressing what it calls the “wrong” portrayal of their home country in Western media. In short, the acquisition is about making China look good in the eyes of Western readers. Although the newspaper is not covered by China’s strict censorship rules, the acquisition will most likely heighten self-censorship, specially on controversial political issues.

News Corp Australia invests in hipages

Commentary
In a move to further expand its digital presence, News Corp Australia bought a 25% stake in hipages, Australia’s leading online marketplace for tradies. Sydney-based hipages is Australia’s biggest on-demand home services provider, with more than 80,000 jobs posted on the platform each month. The startup helps homeowners find and hire tradespeople like plumbers, electricians, painters and builders, and it allows them to request quotes and screen potential candidates. This investment will add to the media giant’s growing property and home service portfolio. Hipages’ previous investors include Right Click Capital (the publisher of Internet DealBook), Ellerston Capital, Australian Ethical Investment and Kestrel Capital. Hipages will use the funding to accelerate growth, invest in product development, and create greater brand awareness among its customers and trade businesses.

Top 20 Rest of the World Deals for November 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $350,000,000 Annapurna Labs Amazon Software & Services Acquisition
2 $171,117,750 Talabat.com Rocket Internet Transactions Acquisition
3 $119,000,000 Behalf Consortium Transactions Investment
4 $84,000,000 Checkmark Insight Venture Partners Software & Services Investment
5 $60,000,000 Careem Consortium Mobile & Apps Investment
6 $50,000,000 Moovit Consortium Mobile & Apps Investment
7 $50,000,000 IFood Just Eat, Movile Transactions Investment
8 $42,000,000 Optimal+ Consortium Software & Services Investment
9 $35,000,000 ClickTale Consortium Marketing Investment
10 $30,000,000 Music Messenger Consortium Media Investment
11 $30,000,000 Nubank Consortium Transactions Investment
12 $30,000,000 Avenida Naspers, Tiger Global Ecommerce Investment
13 $26,000,000 Argus Cyber Security Consortium Software & Services Investment
14 $25,000,000 SimilarWeb Naspers, Lord David Alliance Software & Services Investment
15 $22,000,000 illusive networks Consortium Software & Services Investment
16 $20,000,000 EarlySense Consortium Software & Services Investment
17 $20,000,000 ironSource Access Industries Software & Services Investment
18 $20,000,000 Cato Networks Steve Krausz, Theresia Gouw Software & Services Investment
19 $18,000,000 Team8 Consortium Software & Services Investment
20 $17,000,000 AreaOne Taptica Mobile & Apps Acquisition

More information

  1. Amazon buys secretive chip maker Annapurna Labs for $350 million (Extreme Tech)
  2. Rocket Internet Acquires Talabat.com for €150M (FinSMEs)
  3. Behalf Closes $119M Series B Equity and Debt Round (FinSMEs)
  4. Checkmark Raises $84M (FinSMEs)
  5. Careem Secures $60M in Series C Funding (FinSMEs)
  6. Moovit Closes $50M Series C Funding (FinSMEs)
  7. IFood Raises $50 Million From Movile And Just Eat For Food Delivery (TechCrunch)
  8. Optimal+ Raises $42M Growth Funding Round Led by KKR (FinSMEs)
  9. ClickTale Receives $35M Growth Equity Investment (FinSMEs)
  10. Music Messenger Raises $30M in Funding (FinSMEs)
  11. Brazil’s Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business (TechCrunch)
  12. Argentinian E-Commerce Leader Avenida Gets $30M Series C Round From Naspers And Tiger Global (TechCrunch)
  13. Argus Cyber Security Raises $26M in Series B Funding (FinSMEs)
  14. Analytics Startup SimilarWeb Raises $25M At $400M Valuation, Wants To Be A Better Alexa (TechCrunch)
  15. illusive networks Raises $22M in Series B Funding (FinSMEs)
  16. EarlySense Completes $20M Financing (FinSMEs)
  17. ironSource Raises $20M (FinSMEs)
  18. Cato Networks Secures $20M in Series A Funding (FinSMEs)
  19. Team8 Raises $18M in Series A Funding (FinSMEs)
  20. Taptica Acquires AreaOne for $17M (FinSMEs)

Apple investing in Augmented Reality

Commentary
After months of speculation, Apple finally confirmed its acquisition of FaceShift, a Swiss-based visual effects startup responsible for the motion-capture technology used in the new Star Wars movie. FaceShift specialises in software that allows 3D animated avatars to mimic the facial expressions of a person. Why would Apple buy FaceShift since it’s not an obvious fit for Apple’s current line of principally consumer technologies. Experts predict that Apple could be preparing to move into the realm of Augmented Reality (AR). In addition to FaceShift, Apple has also recently purchased AR technology-related companies namely, Primesense, Polar Rose and Metaio. With these acquisitions, Apple stakeholders can now be assured that the tech giant is taking the AR trend very seriously.