Today’s top headlines: JP Morgan backing Rocket Internet’s Lazada, sources say

top tech headlines
top tech headlines

In today’s daily digest, we serve up top tech headlines from around the globe – plus reports online retailer Lazada in southeast Asia is the latest in Rocket Internet’s portfolio to receive backing from US financial firm JP Morgan.

JP Morgan reported to be backing Rocket Internet’s Lazada

LazadaAccording to Indonesian tech blog DailySocial, the latest in JP Morgan’s series of multi-million dollar investments in Rocket Internet e-commerce companies is Lazada – the Amazon clone formerly known as Mizado and operating in southeast Asia (Indonesia, Malaysia, Thailand, Philippines and Vietnam).

DailySocial reports the deal is in the “hundreds of millions” but one insider told VentureVillage the deal is said to be a double-digit million sum.

Perform’s online sports roll-up continues with Sportal acquisition

SportalBosses of fast-growing online sports broadcaster Perform Group earned millions last week when they cashed out some shares. But their company remains focused on building up by acquiring global sports sites – most recently German sports portal operator Sportal. Read more by paidContent.

Sweden Tops World Wide Web Index

Tim Berners-LeeSweden topped the first annual Web Index, an attempt by the World Wide Web Consortium to evaluate the state of the Web in 61 countries, presented by web inventor Tim Berners-Lee (left). The index assesses the use, utility and impact of the Web around the world. Read more on WSJ’s tech blog and check out VentureVillage’s take on the godfather of the web’s recent keynote at Campus Party Europe.

Runa Capital puts $5 million into Education Platform with expansion plans

ClassedInRussia’s Runa Capital has announced a $5 million investment into, an educational platform in Russia. Dnevnik wants to expand the platform into the EU, China, Israel, the US and develop a system of cataloging and distributing educational content under its more recognisable brand of ClassedIn.

This one’s a TechCrunch headline from Monday, but interesting together with our guest piece today by Fast Lane Ventures CEO Marina Treshchova – so far, it’s a definite exception for Russian internet businesses to expand from home with global aspirations.