Ori Allon, who has previously sold businesses to both Google and Twitter, has launched his latest venture, Urban Compass, after tying up $8 million in investment capital.
China’s fifth-largest bank, the Bank of Communications, has announced that its Sydney-based subsidiary will begin offering direct currency trades from Australian dollars into yuan from next year.
While the increasing opportunities on offer for businesses seeking to expand into Asia isn’t news to most Australians, is Asia a savvy, cash-drenched rival to Silicon Valley?
4:12PM | Thursday, 14 April 2011 | As your business grows, one of the fundamental questions you need to address is how much cash can you reasonably take out of your venture.