Europe’s old media forge ad pacts in fight with Facebook, Google

In Britain, rival pay-TV operators Sky Plc and Virgin Media are combining information on customers to offer advertisers more insight into viewers and give them better-targeted ads. AFP In an effort to retain advertisers and slow the advance of Google and Facebook, European broadcasters are setting aside traditional rivalries to forge alliances that offer wider reach for ads and Internet-style data about audiences.

Alibaba spending US$1bil to raise stake in South-East Asia’s Lazada

The move doubles Alibaba’s investment in Lazada after last year’s deal to buy a controlling stake in it for about US$1bil (RM4.29bil) and is a part of its efforts to boost its global sales. Reuters SINGAPORE: Chinese e-commerce company Alibaba Group Holding is investing an additional US$1bil (RM4.29bil) in South-East Asian online retailer Lazada Group, boosting its stake by nearly a third to 83% and amplifying its focus on the region.

Germany’s Delivery Hero lines up latest online takeaway IPO

Founded in Berlin in 2011, Delivery Hero has grown rapidly and now employs over 6,000 people, providing a digital platform to order meals from more than 150,000 restaurants in 40 countries in Europe, the Middle East, Latin America and Asia. Reuters BERLIN/FRANKFURT: Online food takeaway firm Delivery Hero is preparing a flotation that could value one of Europe’s largest Internet startups at up to 4bil (RM19.26bil), raising funds to help it fend off new competitors such as Uber and Amazon.

Need cash? Azimo lets recipients sort out money transfer headaches

Azimo is mainly used by immigrants in the Eurozone to send money home to relatives in emerging markets in Central and Eastern Europe, West Africa, South Asia, the Philippines and Latin America. Reuters BERLIN: UK-based online money transfer firm Azimo is turning the process of sending remittances on its head by allowing mobile phone and computer users to send cash to any mobile phone number via text message, leaving it up to the recipient to claim the money.

Verizon Ventures and R/GA partner to launch a digital media ‘venture studio’

Verizon Ventures and R/GA are announcing a new program called the Verizon Media Tech Venture Studio. Stephen Plumlee, R/GAs global COO and managing partner of R/GA Ventures, explainedthat the interactiveagencysventure studios started out similar to other startup accelerator programs, but theyve expanded to provide access to financial capital, creative capital and client relationship capital.