Growing 401 percent year over year, China’s smartphone market is the fastest growing market in the world, according to new analytics by Flurry, the mobile analytics firm. Though currently second behind the…
China’s Momo Raises $40M for Casual Meetups
Casual meetups in China are challenging in a culture where dating game shows are an apt way to snatch up a wealthy groom and marriage qualifies as a get-to-know-you conversation starter. Translated…
HP’s Nearly $9B Quarterly Loss Biggest in Its 73 Year History
Like the nose of the Titanic slowly sinking into the ocean, HP’s descent has become epic. The company reported an $8.9 billion loss for the third fiscal quarter that ended at the…
Apple Wins $1B+ for 6 of 7 Patents in Verdict Against Samsung
After only 21 hours of deliberation, a jury ruled mostly in favor of Apple, finding that Samsung had violated six out of seven patents, and awarded $1,049,343,540 to the computer giant. The…
Seoul Court Rules Samsung Didn’t Steal Apple Design
A Seoul Court ruled Friday that while both Samsung’s and Apple’s devices look similar, Samsung is not in violation of stealing the design, Reuters reported. The judge ruled that consumers were not…
Apple Hits $623B to Become History’s Most Valuable Stock
Propelled by the upcoming release of the iPhone 5 and a potentially smaller and more affordable iPad, Apple’s stock hit $664.74 this week, raising the company’s value to $623 billion, the highest…
2012 Top 100 Asia Short-list Released
The Red Herring editorial team selected the short list for the 2012 Red Herring 100 Asia Award. They are the most innovative and promising companies from a pool of hundreds from across…
A Dozen times Around the Globe: Google’s Robot Car
Google’s self-driving robot cars have now clocked over 300,000 miles, the equivalent of driving 12 times around the world’s 25,000 mile equator circumference. And they’ve done it without an accident, or at…
Pure Storage Raises $40M to Take Flash Storage Solution European
Pure Storage, the flash enterprise storage company, raised another $40 million in funding, its second cash infusion despite only launching out of stealth mode a year ago. Index Ventures’ Mike Volpi led…
Silicon Valley’s Fragile Ecosystem and the US Economy
By Igor Sill, Geneva Venture Management With the US economy continuing to suffer from one of the longest economic downturns since the Great Depression, some countries are enjoying far better economic times and…