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Singapore-based e-commerce enabler Shopmatic buys technology consulting firm 5X Ruby

Singapore-based e-commerce technology firm Shopmatic has acquired Taiwan's Ruby on Rail's technology firm 5X Ruby for an undisclosed amount. The move was done in part to strengthen the company's research and development team as well as to facilitate the company's international market expansion plans.

Japan’s Outsourcing Inc acquires German Orizon Holding for US$85.2 million

Japanese-listed corporate Outsource Inc has acquired the full stake in German temporary work recruitment agency Orizon Holdings for US$85.2 million.

Airbnb to increase fundraising round to US$ 1 billion

Airbnb Inc authorised the sale of an additional US$153 million in equity, bringing the size of its current fundraising effort to about US$1 billion.

Practo makes fifth acquisition, buys analytics startup Enlightiks for US$13.9 million

Bengaluru-based Practo has acquired analytics platform Enlightiks in a cash-and-stock deal valued at US$13.9 million. Post acquisition, the entire 50 member team of Enlightiks will join the company to form the Analytics Business Unit within Practo.

Singapore unicorn Garena in talks for US$1 billion IPO listing in the US

Garena Interactive Holding Ltd., a Singapore-based unicorn is reportedly going ahead with an initial public offering in the United States that may raise US$1 billion, according to Wall Street Journal.
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