China's SeedAsia Opens For Business, An Online Equity Crowdfunding Platform For Startups Across Asia
SeedAsia, an equity crowd-funding site based in China, has just launched. The company is offering stakes in selected early-stage startups to the public. “It’s kind of a hybrid between Kickstarter and private investment,” said co-founder Tom Russell. The startups to be listed would have ideally gone through some some sort of incubation program and would have shown promise. They can apply offer between $50,000 and $1.5 million in equity through SeedAsia’s platform. SeedAsia takes a 5 percent cash commission from the startup and another 5 percent of the investor’s equity. It is currently considering charging a management fee next year, said Russell. Potential investors need to apply and be screened, and SeedAsia has set the minimum investment commitment at $2,000 per member. “It costs about $20,000 to $30,000 at minimum to be an angel investor, so this lowers the entry barrier for people,” he said. SeedAsia is the first equity crowd-funding site to launch in the region, although ...
Virginia attorney general wants re-criminalize oral, anal sex
Virginia's attorney general, who is also a Republican candidate for governor, has filed a petition in a federal court asking it to reconsider its decision to overturn the state's unconstitutional sodomy ban.
Sprint Nextel and SoftBank Agree Not To Use Huawei Equipment After Merger
Sprint Nextel and SoftBank have pledged not to use equipment from Chinese telecommunications company Huawei Technologies after they merge. Congressman Mike Rogers, a Republican state representative from Michigan who leads the House Intelligence Committee, said today that the two companies told him they would not use gear manufactured by Huawei in their networks.
Republican lawmaker urges DOJ not to rush BP clean water decision
WASHINGTON - A Republican lawmaker has urged U.S. authorities not rush to settle with BP Plc under the U.S. Clean Water Act in a court case starting this month related to the 2010 Deepwater Horizon oil spill.
Found more than 1 month ago on channel Reuters
Line Doubled Users Every Day In Hong Kong Last Week
Japanese messaging app, Line, has just reported that new users in Hong Kong have been doubling each day for the past week since Jan 29. The app, which is the dominant messenger of choice in Japan, launched its Chinese version on Dec 12, and looks like it’s riding a huge wave of momentum in Asia, ranking first on the free app category in countries there like Singapore, Hong Kong, Taiwan and Thailand, to name some. Line provides free calls and chatting, and the company noted in its latest announcement that the hike in numbers in Hong Kong seems to have been prompted by some service provider decisions to impose annual fees on SMS messages. Typically, users on the same provider can text each other for free, but telcos charge for inter-network messages to try to get subscribers to pull in friends and family onto the same networks. Line is made by the Japanese arm of Korean firm, NHN, which operates its country’s dominant search engine, Naver. Line also recently passed its 100 million user ...