Posts Categorized: Business


Chinese e-store Jingdong set to pull in over $16 billion in sales in 2013

China’s second biggest e-store files for US IPO, aims to raise up to $1.5 billion

After years of speculation, one of China’s top e-stores, JD, has filed to list publicly in the US. According to JD’s filing with...

  • January 30, 2014
  • at 11:33 pm
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yahoo riding alibaba monkey dog

Yahoo rides on the shoulders of Alibaba as the Chinese e-commerce titan continues to thrive

In the west, Yahoo (NASDAQ:YHOO) has been on a slow decline for years now. Its share of the search market pales in comparison to Google’...

  • January 29, 2014
  • at 4:33 pm
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Record Q4 for LG pushes it to 47.6 million smartphones shipped in 2013

Record Q4 for LG pushes it to 47.6 million smartphones shipped in 2013

South Korean gadget-maker LG (066570:KS) has released its Q4 2013 earnings report today, which shows some strong numbers. LG fought back aga...

  • January 27, 2014
  • at 4:00 pm
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samsung accelerator silicon valley thumb

Samsung Q4 profits down, pressured on both sides by iPhone 5s and cheaper Android competitors

In the final quarter of 2013 (.pdf), Samsung‘s (KRX:005935) operating profit fell 18 percent from the previous quarter. Looking at ...

  • January 24, 2014
  • at 2:00 pm
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IDC says Asia-Pacific PC shipments see first ever double-digit drop in 2013

IDC: Asia-Pacific PC shipments see first ever double-digit drop

Research firm IDC has done some number crunching on PC shipments in 2013, and the resultant numbers are grim. PC shipments in Asia-Pacific (...

  • January 21, 2014
  • at 1:59 pm
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outsourcing in India

India still leads global outsourcing sector, Philippines a close 2nd

Throughout Asia as well as globally, India and the Philippines have both been popular destinations for business process outsourcing (BPO) by...

  • January 20, 2014
  • at 4:30 pm
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highlight indonesia

10 highlights of Indonesia’s tech industry in 2013

Let’s look back at what the Indonesian tech industry went through last year. It’s not just a history lesson, as it also points the way f...

  • January 17, 2014
  • at 4:30 pm
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Chinese phone-maker Meizu has a plan to win over Android fans in Europe and the US

Chinese phone-maker Meizu has a plan to win over Android fans in Europe and the US

Chinese phone-maker Meizu made it clear at CES 2014 a few days back that it intends to launch in America later this year. That’s a lot...

  • January 16, 2014
  • at 9:28 pm
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wechat bank

WeChat leaps into banking, lets users set up online investment fund

Tencent (HKG:0700) has just joined China’s personal finance race alongside Alibaba and Baidu (NASDAQ:BIDU) with the latest addition to Ch...

  • January 16, 2014
  • at 11:20 am
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OPPO launches in India

Chinese phone-maker Oppo set to launch tomorrow in India

Chinese phone-maker Oppo is set to launch officially in India tomorrow, bringing its Android-based smartphones to a massive new audience. Op...

  • January 29, 2014
  • at 7:59 pm
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Apple gets huge revenue boost from Asia, including a record $8.8 billion from China

Apple gets huge revenue boost from Asia, including a record $8.8 billion from China

Apple (NASDAQ:AAPL) has revealed its financials for the quarter ending December 28, 2013 (called fiscal Q1 2014). They show that the Cuperti...

  • January 28, 2014
  • at 2:09 pm
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baidu-hq

Baidu launches search engine in Thailand, Brazil, and Egypt (Update: all taken offline)

Baidu, China’s top search engine, has quietly launched its search site over the weekend in Thailand, Brazil, and Egypt. The sites are loca...

  • January 27, 2014
  • at 11:50 am
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India's Micromax enter Russia, aims to be a top 4 phone brand this year

India’s Micromax enters Russia, aims to be a top 4 phone brand this year

Just as it promised a few months ago, Indian phone-maker Micromax today started operations in Russia. The official launch in the country bri...

  • January 23, 2014
  • at 9:53 pm
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Qihoo search engine

Watch out, Baidu: Qihoo aims at 35% share of China’s search engine market by end of year

Chinese software maker Qihoo (NYSE:QIHU) exploded into the search engine market in the summer of 2012, and managed to garner 10 percent mark...

  • January 20, 2014
  • at 5:00 pm
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Wii U sales 2013

NintenD’OH! Struggling company admits only 2.8 million Wii U consoles sold in 2013

Nintendo (TYO:7974) has finally faced up to the facts and admitted that its flagship Wii U console is a huge and embarrassing flop. Satoru I...

  • January 17, 2014
  • at 7:59 pm
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China Mobile launch day, with Apple CEO Tim Cook

Tim Cook appears in Beijing store for today’s iPhone launch on China Mobile

Today is the day that Apple-hungry China Mobile (NYSE:CHL; HKG:0941) subscribers have been waiting for – the official launch of the iP...

  • January 17, 2014
  • at 12:26 pm
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Walmart China

Walmart’s online supermarket for China saw $1.9 billion in sales in 2013

In 2013, China had an estimated 270 million e-shoppers who spent about $180 billion on stuff. Inevitably, some of those are buying groceries...

  • January 16, 2014
  • at 12:40 pm
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Jingdong, JD Global

Bloomberg: Chinese e-commerce retailer Jingdong seeking $2 billion IPO

Beijing-based online retailer Jingdong, previously known as 360Buy, reportedly seeks to raise $2 billion in an IPO in the second half of th...

  • January 15, 2014
  • at 8:06 pm
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