E27.CO: China’s iMaibo, a stock market app, has grown from 10,000 to 100,000 active daily users within nine months, brought on a new CEO and is looking to raise a Series A round of US$5-10 million (more…)
TECHCRUNCH: Wiper, a chat application designed to provide users with control over their sent and received messages, recently rolled out support for bitcoin transactions between its users. The tool is simple, allowing individuals to send cryptocurrency to others inside the app’s main chat interface. But CEO Manlio Carrelli told TechCrunch that Wiper was “removed from the iOS App Store in China due to violating that app store’s policies,” and that “Apple [had] explained to [the company] by phone that this violation was related to Wiper enabling bitcoin payments.” (more…)
BLOOMBERG: Alibaba Group Holding Ltd. plans to invest in Snapchat Inc., the mobile application for sending disappearing photos, at a valuation of $15 billion, people familiar with the situation said. China’s biggest e-commerce company intends to invest $200 million, said the people, who asked not to be identified because the discussions are private.