BMW-backed car parking app raises half crowdfunding target on debut

By Andrew Winterbottom LONDON (Reuters) – JustPark, a London-based start-up that launched the world's first in-car parking app, is nearly half way to achieving a 1 million pound ($1.5 million) equity fundraising target just 12 hours after its debut on crowdfunding platform Crowdcube. JustPark's app connects car-park owners, often individuals with a private parking space at their home, to drivers looking for a place to park

Read more

Alibaba’s Jack Ma seeks to reassure employees over U.S. lawsuits

Alibaba Group Holding Ltd Executive Chairman Jack Ma urged employees to relax about U.S. lawsuits against the firm over possible failure to disclose information to investors, in a letter to staff posted on his official microblog on Friday. A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba's websites.

Read more