Mobile Travel Technologies, a startup out of Ireland that is looking to be the mobile platform for the travel industry, has raised $5 million in funding. According to TechCrunch, the funding comes from DFJ Esprit.
Wanda, Tencent, and Baidu have partnered to create an $814 million e-commerce network in China, the companies have announced. Wanda will own 70 percent of the new company; Tencent and Baidu will each own 15 percent. The company will debut later this year. [Source: Reuters]