Posts Categorized: Business

China's Craigslist set for US IPO next week, will raise up to $190 million

China’s Craigslist launches IPO, hits NYSE higher than expected at $22 per share

58.com (NYSE:WUBA), China’s top online classifieds site, has hit the New York Stock Exchange today for the first time. After initially...

  • October 31, 2013
  • at 9:53 pm
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Facebook numbers in Asia

Facebook now has 351 million active users in Asia

Facebook’s (NASDAQ:FB) newest figures for Q3 2013 are out, showing strong numbers that beat expectations with $2.02 billion in total r...

  • October 31, 2013
  • at 3:39 pm
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Chinajoy-baidu-mobile-games

Baidu Q3 revenues up 42% annually, but profits thin as company funnels investments in mobile

Baidu, China’s tech giant best known for its stronghold in search, announced its earnings for Q3 2013 this morning, and while revenues...

  • October 30, 2013
  • at 11:45 am
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q3 smartphone logos

Huawei is 3rd in global smartphone shipments, LG grows, Apple slows, Samsung leads

A new report by research and consulting firm Strategy Analytics outlined global smartphone shipments for Q3 2013. Total smartphone shipmen...

  • October 29, 2013
  • at 1:00 pm
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Apple in China

Apple’s China revenues for Q4 2013 bounce back 24% at $5.7B, but nothing gold can stay

Yesterday, while Asia was asleep, Tim Cook announced Apple’s earnings for the fourth quarter 2013 and revealed that sales in China had...

  • October 29, 2013
  • at 11:32 am
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Cutting the red tape

Registering a startup in China is about to get easier and cheaper

China will streamline its corporate registration system by scrapping the minimum capital requirement, according to Xinhua. The process wil...

  • October 28, 2013
  • at 6:00 pm
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Reliance Jio becomes first pan-India telco with unified license

Reliance Jio becomes first pan-India telco with unified license

Reliance Jio, a subsidiary of India’s biggest industrial group Reliance Industries today becomes the first telco in the country that c...

  • October 25, 2013
  • at 8:00 pm
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India’s Komli Media raises $30 million to grow its Asian online ad market

Today Mumbai-based digital media and ad platform Komli Media has announced that the company has raised a round of funding from its new inves...

  • October 24, 2013
  • at 12:30 pm
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Alibaba US IPO, thumbnail

Alibaba looks set to avoid Hong Kong after getting NYSE, NASDAQ approval for IPO

Hong Kong or New York? That’s been the question for a year as analysts follow the course of Alibaba’s much-anticipated IPO. Over...

  • October 21, 2013
  • at 5:32 pm
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Sony phones

Sony sells 10 million smartphones in Q3, 2 million PS3s, but cuts profit forecast for 2013

Sony (NYSE:SNE) has just rolled out its latest earnings report (called Q2, but it’s technically Q3 2013). Despite good and growing num...

  • October 31, 2013
  • at 7:55 pm
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puzzle dragon

GungHo sales and profit drop, prompting stock price fall. What’s going on?

GungHo (3765.OS), the company behind Japan’s biggest smartphone game Puzzle and Dragons, has published its financial report for Q3 (July-S...

  • October 31, 2013
  • at 1:03 pm
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Apple's iPhone is big in Japan...

Apple’s iPhone hits record high in Japan with 34% share of market

Apple’s share of smartphone sales in Japan has leapt to a record and unprecedented 34 percent. That’s according to a new report from Cou...

  • October 29, 2013
  • at 5:35 pm
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NQ stocks plunge

Chinese anti-virus maker NQ loses over $700 million in value amidst concerns of “a massive fraud”

Chinese anti-virus maker NQ Mobile (NYSE:NQ) has lost over $700 million in value in the past week as concerns mount about the veracity of it...

  • October 29, 2013
  • at 11:45 am
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Baidu

120,000 users invest $164 million on first day of Baidu Finance Center

Baidu (NASDAQ:BIDU) announced it reached its maximum allowed investment in less than five hours today, the launch day of Baidu Finance Cent...

  • October 28, 2013
  • at 7:04 pm
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China’s Baidu hiring in Thailand ahead of search engine expansion

Baidu (NASDAQ:BIDU), China’s top search engine and web portal, will be launching its search engine in Thailand with a Thai language versio...

  • October 28, 2013
  • at 2:08 pm
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Micromax

India’s Micromax eyes Russia and Eastern Europe as new smartphone markets

It’s not just China’s homegrown smartphone makers that are going global. India’s Micromax is set to launch in Russia and Romania by th...

  • October 25, 2013
  • at 2:45 pm
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Rakuten’s e-store in Thailand sees rewards from gay-friendly social marketing

Rakuten-owned Tarad.com recently launched its first ‘Get Fit and Gain Muscle’ promotion to encourage Thai guys to get fit and gain muscl...

  • October 21, 2013
  • at 6:23 pm
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supercell-thumb

Softbank and GungHo have acquired 51% of Supercell for $1.53 billion (Updated)

Update: Included Softbank’s reasons for the transaction below. The news was first tweeted by a Wall Street Journal reporter and then r...

  • October 15, 2013
  • at 6:15 pm
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