Baidu has just announced the biggest deal in its history. China’s premier search engine plans to pay $1.9 billion for 91 Wireless, a major developer of app stores in China that has…
Terra Motors Gives EV Street Cred in Asia
With their new smart-enabled scooters and sleek vehicle designs, Japanese company Terra Motors delivers Jetson’s-level transit tech that’s as elegant as it is efficient. And as high fuel costs and environmental concerns…
With Turmoil Brewing, E-tailer THE ICONIC Receives Funding Bump
Amid reports of 10 percent employee layoffs and financial losses, Australian online retailer THE ICONIC has received $26 million in funding. The fashion site, a venture by German-born incubator Rocket Internet, lined its…
Mobile Ad Spend Spikes 83%, Earning $9B in 2012
Smartphone growth may have reached its saturation point in already developed markets, but mobile advertising revenue is just beginning to hit some impressive speeds. Global mobile advertising spend earned $8.9 billion in…
Top 100 Asia Showcase
From September 3-5, 2013, venture capitals and CEOs from cutting-edge private technology companies will gather in Hong Kong to discover an exceptional array of entrepreneurs and executive leaders from innovative technology firms…
KakaoTalk Jumps Ahead of Facebook
KakaoTalk, a 3-year-and-change-old Korean messaging app, has eclipsed Facebook’s popularity in South Korea and Japan. The company leverages its simple, all-under-one-roof social media infrastructure and immersive, visual communication strategy––enhanced by digital content…
India Beats Japan to Become Third Largest Smartphone Market
India has surpassed Japan in the smartphone market, becoming for the first time the third largest in the world behind the US and China, a new report from Strategy Analytics points out.…
Alibaba Buys 18% of Weibo, China’s Twitter, for $586M
In a sign that social and ecommerce are becoming peas in the same pod, Alibaba, the Chinese Amazon giant, has purchased Weibo, China’s version of Twitter, for $586 million. The deal values…
Baidu Acquires Online Video Platform PPS for $370M
Baidu, the largest search engine in China, has acquired PPStream, the Shanghai-based online video platform, for $370 million, the company confirmed this week following weeks of rumors on the deal. PPS will…
Costs Soaring, Baidu 1Q $328.9M Earnings Disappoint Analysts
Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million…