The initial public offering for Chinese online tour booking website Tuniu may not carry the heft of the impending Alibaba IPO juggernaut (rumored at $130 billion and counting), but it is a sign of investors’ continuing demand for public offerings from Chinese tech companies.
The Beijing-based tour site has selected Credit Suisse and Morgan Stanley to run the offering process for its expected $100 million IPO, according to several sources with knowledge of the company’s plans.
In the clearest public sign of the company’s intentions, one of its investors, Gobi Partners, announced that Conor Yang, the architect behind the public offering of both AirMedia Group and Dangdang.com, had been hired as Tuniu’s chief financial officer earlier this year.
Tuniu has raised over $60 million in venture funding from investors including DCM, Gobi Partners, Sequoia Capital, Highland Capital Partners, and the Tokyo-based Internet services company, Rakuten Inc.
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Index Ventures has led a $870,000 seed round into Resource Guru, a London-based startup that wants to disrupt companies’ use of spreadsheets to manage staff, equipment and other resources — and replace them with its cloud-based team scheduling software.
“Most managers still rely on complicated spreadsheets or cumbersome software to manage their teams and resources, neither of which makes allocating resources particularly easy and efficient,” said Robin Klein, partner at Index Ventures, in a statement. “We’ve been impressed how Resource Guru tackled this problem with its simple to use online tool that leads to huge time savings and increased productivity.”
Prior to this round Resource Guru, which was founded back in May 2011, had raised money from friends, family and angel investors. Other investors in the seed round included both existing and new names but these have not been disclosed. Its total funding to date stands at $1.14 million.
Resource Guru said…
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ARK is one of the latest portable wireless device chargers for people who are tired of having to tether their smartphone or tablet to an outlet when it runs out of juice. The small, block-like base uses Qi, an interoperable standard developed by the Wireless Power Consortium and is currently raising funds on Kickstarter.
ARK was created by a Los Angeles-based startup called BEZALEL, and is compatible with all Qi-certified devices, including the iPhone 4 and later, the Nokia Lumia series, and Samsung Galaxy S3/S4, and Nexus 4.
It’s important to note, however, that iPhones need a charging case to work with ARK, which will be shipped with the base (though a case for the iPhone 5c is still being developed). Samsung Galaxy devices, meanwhile, must use a patch that attaches to their batteries. ARK can be used directly with devices that are Qi-wireless charging capable.
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Yeah the hollywood hit movie Wolf of Wall Street that has numeras nomination in Oscar Awards has been cancelled in Kenya due to its Drug related scenes and some of the Explicit scenes.Leonardo DiCaprio did a whole lot of contribution but quite a significant actor with numerous movies released last year of him.Wolf of Wall Street seems to be such a success but not only Kenya did the movie get banned but also in numerous foreign countries.After Kenyan citizens(Nairobi residents) heard of the report Friday morning 17th January 2014 they flocked to the movie centres and bought seems kenyans really are pretty cool people,but lets wait for March and see if the movie will win the nominations.
Wayra U.K. is still a relative newbie to the London startup accelerator scene, opening its doors back in May 2012 for its first intake. Last year’s cohort included journaling app Narrato and lesbian dating service Dattch, to name two of the 17.
Today Wayra U.K. is naming its third intake that will be hothoused through the circa nine-month mentoring programme centrally based, near London’s Goodge Street.
The 13 startups that made the cut for the 2014 intake are:
- Geneix — healthcare startup combining big data and genetics to work towards personalised medicine.
- Team-Match — web analytics for teams to enhance performance by assessing personalities and strengths & weaknesses.
- Virtually Free — develops games and gamification designed to improve mental health problems.
- Aprefis — helps companies increase margins and profitability through big-data pricing algorithms, with a focus on making this type of analytics accessible to smaller companies.
- Skim.it — social news…
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