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Shopping App Wish Lands $50 Million Financing Round

June 27, 2014 | The Wall Street Journal

Wish was launched by former Google and Yahoo employees Peter Szulczewski and Danny Zhang to create a personalized mobile shopping experience.  Today, the company reports 31 million active users, and 10,000 merchants using its platform to sell their goods.

Light Chaser, The Animation Studio That Wants To Be “China’s Pixar,” Raises $20M From GGV Capital

June 19, 2014 | TechCrunch

Beijing-based animation start-up Light Chaser Animation Studios, is a new venture created by Gary Wang, founder and ex-CEO of Chinese video sharing site Tudou.com. It aims to create world-class animated films with Chinese cultural touch and will take advantage of China's high growth box office which has increased 30% annually for the past decade.

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