Game maker Giant invests in Chinese social network 51.com
Scores of cities in China have more than a million people, and 51.com has beat out its rival social networks to be the most popular in many of them, even if it’s not the most popular in cultural centers like Shanghai and Beijing. It faces both international rivals looking to enter China — including Friendster, Facebook and MySpace — as well as domestic startup rivals like Xiaonei, and social networking features on Tencent’s Qzone.
But, the… Continue Reading
Accelergy, advanced catalytic materials co., raises undisclosed round
Accelergy Corporation, a Palo Alto company which says it offers “high throughput solutions for accelerated discovery, development and commercialization of advanced catalytic materials,” has said it raised a second round of financing from Goldman Sachs (which led the round), Sequoia Capital China and Lux Capital. Accelergy’s existing investors, Nth Power, Technology Partners, Mobius VC and Advent International also participated.
It says it helps companies use environmentally friendly fuels and petrochemicals. It has offices in both the… Continue Reading