ZooZ, a provider of a mobile payments platform, has raised $2 million in Series A funding from XSeed Capital and existing investers lool ventures and Rhodium. The San Francisco-based startup has now raised $3.5 million in total funding.

Everything.me, a provider of mobile search technology using HTML5, has raised a $3.5 million strategic round of funding from Hong Kong investment firm Horizons Ventures and return investors Draper Fisher Jurvetson, DFJ Tamir Fishman Ventures and BRM Group. The San Francisco-based company, formerly known as DoAT, has now raised $12.5 million in funding since it [...]

Beijing-based WestSummit Capital announced that it has backed Chinese optical lens provider Union Optech, which develops lenses and sensors used in security cameras, smartphones, and other mobile devices. Terms of the funding were not disclosed. Beijing-based WestSummit also invests in U.S. companies from its location in Palo Alto, Calif. PRESS RELEASE WestSummit Capital Expands Mobile Ecosystem Portfolio [...]

Mobile investing is exploding. And as Mark Boslet reported in the latest issue of Venture Capital Journal, funding in the mobile sector through the first 7 1/2 months of the year already exceeds all of last year as investors bet on startups combining mobile, social media and location-based technologies to create services that few can imagine [...]

(Reuters) – Dell Inc. and China’s top search engine, Baidu Inc., plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by Apple Inc. and Lenovo. China is one of the fastest growing markets for tablets and is home to more than 900 million mobile phone subscribers, but analysts were skeptical [...]

Earlier this week, Nihal Mehta (pictured) announced he launched LocalResponse, a New York-based developer of a Web-based tool that allows local businesses to respond to check-in posts on social media sites with tailored marketing campaigns. Mehta co-founded the company, previously known as Buzzd, as a social city guide for location-based services. The company had raised about [...]