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Alibaba Will Reportedly Sell Its Meituan-Dianping Stake For $900M
O2O—shorthand for strategies to get more online shoppers into brick-and-mortar businesses—is an important focus for China’s consumer Internet companies because much of it takes place on smartphones. The WSJ says Alibaba will sell its stake to investors, including some of the same ones who participated in Meituan-Dianping’s latest funding. Full investment news article
More Money Into The Cloud As NewVoiceMedia Gets $30M For Its Contact Center Solutions
The latest round is led by new VC firm BGF Ventures, with participation also from existing investors Bessemer Venture Partners (BVP), Eden Ventures, Highland Capital Partners Europe, Salesforce Ventures and Technology Crossover Ventures (TCV). Full investment news article