Reuters News

Connect, a San Francisco start-up that helps consumers manage their social networking and mobile messaging contacts, has raised $10.3 million in a funding round led by the venture arm of Chinese conglomerate Fosun International, Reuters reported.

Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest funding round, Reuters reported.

Japanese telecoms firm SoftBank Corp has pumped in $250 million to become the top investor in Southeast Asian mobile taxi-booking application GrabTaxi Holdings Pte Ltd, its biggest investment in a Southeast Asian Internet firm, Reuters reported.

On Deck Capital Inc, an online platform for small business lending, expects its initial public offering to be priced at $16-$18 per share, valuing the company at up to $1.19 billion, Reuters reported.

Xiaomi Technology Co Ltd XTC.UL and other Chinese companies have joined a $40 million investment in U.S. wearables startup Misfit, the first time the world's third-biggest smartphone manufacturer has taken a stake in a U.S. mobile-device maker, Reuters reported.

Intel Corp said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.

Israeli start-up SimilarWeb said on Tuesday it raised $15 million in a funding round aimed at increasing the pace of its global expansion, Reuters reported.

Xiaomi Technology Co Ltd [XTC.UL] said on Wednesday it has made $300 million investment in online video provider iQiyi., Reuters reported.

The second Canadian government-backed investment fund set up to breathe life into the country's venture capital industry raised C$160 million ($141.6 million) on its initial closing, its backers said on Tuesday.