Oil co. Terralliance finds funds despite risky business
Oil and gas exploration company Terralliance has raised an undisclosed amount of funding mostly from existing investors, despite reports that it squandered almost $300 million in capital on questionable purchases — Russian jets not least among them — before laying off more than half of… Continue Reading
Chinese online game site 9You pulls in $100M — headed toward IPO?
Chinese online gaming and music site 9You has taken a whopper round of $100 million from Temasek Holdings and other institutional investors, according to PaidContent.
9You is something of a portal, offering games in every category (casual, hardcore and mobile) as well as some social networking… Continue Reading