The US Trade Representative removed the Chinese ecommerce site Taobao from its “Notorious Markets” for piracy, citing efforts on the part of the company to work with copyright holders after it was placed on…
Google Closes Down Shopping Search Service in China
Google has shut down its online shopping search service in China, a further tightening move in the country after the company shut down its Music Search in the country last fall. The…
Dafiti, Zappos Latin American Close Raises New $65M Round
For Dafiti, the investment bell has been ringing like a cash register lately. The Zappos-like clone for Brazil and Latin America landed $45 million as recently as August. This week, the company…
Apple to Invest Over $100M to Produce Macs in US
Apple plans to spend over $100 million in the next year to start producing Mac computers in the US. The move shifts a small segment of Apple production away from China, where…
Asian Amazon Clone Lazada Raises $26M
Lazada, the Asian Amazon clone, has raised $26 million to expand its ecommerce services across the continent, the Next Web reported. The investment led by Summit Partners is just one of the…
Google Tests iOS Map App
Google released a test version of its iOS map app to a number of guinea pigs outside the company, the Wall St. Journal reported this week. The search engine is putting the…
Spotify Completes $100M Round Valuing Company at $3B
Spotify has closed on a $100 million round that values the company at $3 billion, All Things D was the first to report. Coca-cola became a minority investor in the company, investing…
China Ecommerce Site Taobao Sells $3B in a Day
Chinese singles have just given American Cyber Monday shoppers a run for their money, or actually a double run. The Chinese ecommerce site Taobao reported earning $3 billion in a single day…
Netflix Issues “Poison Pill” to Prevent Hostile Takeover
Netflix adopted a new “stockholder rights plan,” that protects the company’s board from outside investors buying out enough shares to overpower the board and run the company outside of its “best interests.”…
Skyfire Nabs $10M to Ease Video Bandwidth on Global Scale
Known for being the first company to bring Flash video to iOS, Skyfire has raised $10 million in Series D funding to take its video data compression technology to a global scale.…