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Alibaba leads $1.1B investment in Indonesia-based e-commerce firm Tokopedia

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  Alibaba has continued its push into Southeast Asia after it led a $1.1 billion investment in Tokopedia, an e-commerce firm based in Indonesia. A valuation for the deal was not announced, […]

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Alibaba chalks up 1M cloud customers on 96 percent revenue growth

August 17, 2017 Admin 0

Source: Zdnet Asia News Chinese internet giant’s cloud business crosses 1 million paying customers for the first time in its latest quarter, growing its revenue 96 percent year-on-year to hit US$359 million. See the […]

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Alibaba’s profit doubles to $2.1B after another huge quarter of business

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  Alibaba had another blockbuster quarter of business as its profits almost doubled. The Chinese e-commerce giant reported net profit of 14 billion RMB ($2.1 billion) for its recent quarter that finished June […]

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Google is testing a data-friendly version of its Search app

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  Google might soon release a data-friendly version of its search app for mobile. That’s because the company is currently piloting such an app in Indonesia, as the eagle-eyed team at Android […]

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Alibaba, Tencent, Didi and other tech firms pour $12B into mobile operator China Unicom

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  China is about to take net neutrality to the next level after a group of influential tech companies that includes Baidu, Alibaba, Tencent, Didi Chuxing and JD.com agreed to invest nearly […]

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Uber’s new head of Asia is a former Goldman exec who once climbed Mount Everest

August 16, 2017 Jon Russell 0

Source: TechCrunch Asia  Regular run-ins with government regulators and battles with well-funded local rivals have made Asia challenging terrain for Uber. The challenge is such that it’s fitting that the U.S. ride-sharing giant has […]

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Does the World Really Want Content From Apple?

August 16, 2017 Admin 0

Source: WSJ Tech News Big money can’t guarantee Apple success in Hollywood, especially when competitors are spending more. See the full post at Does the World Really Want Content From Apple?

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Facebook Shut Down Employee Chat Room Over Harassing Messages

August 16, 2017 Admin 0

Source: WSJ Tech News Facebook dismantled a popular anonymous discussion board for employees last year that had become a forum for conservative political debate that sometimes degenerated into racist or sexist comments. See the […]

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Computer-Chip Testing Firm Urges Blocking Sale of Rival to China Fund

August 16, 2017 Admin 0

Source: WSJ Tech News Cohu, which tests semiconductors, wants to persuade the U.S. Committee on Foreign Investment that the proposed sale of Xcerra to a Chinese state-backed fund would threaten national security. See the […]

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Guangzhou sees world’s highest rises in luxury home prices, surging 36pc in past year

August 16, 2017 0

Source: SCMP Tech News Guangzhou, China’s third largest city, has seen a whopping 35.6 per cent increase in luxury property prices over the 12 months to June – the highest growth among 41 major […]

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Tech Firms Ban White Supremacists, Shifting From Hands-Off Policy

August 16, 2017 Admin 0

Source: WSJ Tech News Recent moves by tech companies including Alphabet Inc.’s Google, GoDaddy, Uber and GoFundMe to crack down on white supremacists thrust them into unusual territory for corporations that often take a […]