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…
Young Gaming Heavyweight Supercell Raises $130M at $770M Valuation
Though Supercell only entered the gaming market a couple of years ago and only has two titles in the Apple app store, its overnight success is garnering some serious cash. Forbes recently…
Spotify Stretches Footprint into Asia, Latin Am, Northern Europe
Battling Pandora for turf in the on-demand music streaming service business, Spotify announced plans to expand its footprint into Asia, Latin America and Northern Europe recently on its blog. The company will…
China’s Ecommerce Market Rakes in $190B in 2012
The China Internet Network Information Center released some startling figures on the growth, size and potential of China’s ecommerce market. The sector earned more than 1.2 trillion RMB ($190 billion) in 2012.…
Samwer Brothers Launch Global Founders Capital with €150M Fund
The Samwer brothers, the siblings behind Berlin’s Rocket Internet incubator known for launching clones of successful companies in new markets, have teamed up with Fabian Siegel, one of the co-founders of Delivery Hero,…
More than 1/3 of Chinese Android Apps Stealing Data
In China, Google’s Android platform truly lives in the wild, wild West. A recent report from the Data Center of China Internet indicated that nearly 35 percent of Android apps secretly steal…
Middle East Daily Deals Site Cobone Acquired by Tiger Global Management
Cobone, one of the biggest daily deals companies in the Middle East with over 2 million subscribers, has been acquired by Tiger Global Management, a New York investment firm whose early stage…
Google Vaguely Discloses FBI Spy Requests on Your Web Activity
Yes, FBI spies are watching us, or at least some of us, Google admitted in its Transparency Report. The web giant released some vague details about government requests on the private information…
PayPal Here to Launch Mobile Payments in UK
The European mobile space already has its contenders, but a large global player has now entered the continent to see what it can do. PayPal Here has launched a mobile payments reader…
TransLattice Becomes First Database System to Mix/Match Multiple Clouds
By MATT GALLAGHER, Red Herring journalist When Amazon goes down, so does everyone else. Outages last October and June caused the disruption of Flipboard, Foursquare, Netflix, Pinterest, Instagram and others. So why…