Apple’s not content with the $1 billion fine a US District Court slapped on its competitor Samsung after a judge ruled the company had “willfully violated” 6 out of 7 of its…
Groupon Launches Own Credit Card Scanner
Setting its competition scopes directly on Square, Groupon launched a credit card scanning service that boasts lower fees and an ability to track transaction activity. The service goes head to head against…
Square Closes $200 M Round, Processes Over $8 B in Annual Payments
Square, the mobile payments startup that turns any smartphone into a credit card machine, has raised an astonishing $200 million Series D financing round. AllThingsD, which first broke news of the investment,…
China Smartphone Market to Surpass US by Christmas
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…
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…
iPad’s China Market Share Larger than Entire World’s
Apple’s iPad may be leading the tablet revolution with a global penetration of 68 percent, but it’s even more popular in China, where the iPad holds nearly 73 percent of the tablet…
Microsoft’s Bing Fund Incubates Startups with Cash, Advice, Technology
Microsoft officially announced its Bing Fund, an angel investor and business incubator that will offer promising startups cash, advice and privileged access to Microsoft’s technology. The fund will make $50,000 to $100,000…
Growing 164%, China’s Smartphone Market Tops US
China has officially claimed the crown of the world’s largest cell phone market, growing 164 percent to 33.1 million smartphones sold last quarter, according to recent data from Needham & Company, the…
Netflix: Over 1 Billion Hours Streamed in June, Stock Jumps 20%
Netflix subscribers streamed a massive 1 billion hours of video content in June, a record for the site, Netflix’s CEO Reed Hastings announced on his Facebook page earlier this month. Hastings credited…