Posts Categorized: Business


jian wang 3 westhouse

Xiaomi invests $20 million in Kingsoft-owned online gaming company

Chinese software company Kingsoft (HKG:3888) announced today it will sell $20 million worth of shares of its subsidiary Westhouse to C...

  • February 17, 2014
  • at 12:00 pm
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VIPShop pays $112 million for controlling stake in cosmetics e-store

VIPShop pays $112 million for controlling stake in cosmetics e-store

Chinese flash sales site VIPShop (NYSE:VIPS) has paid $112.5 million in cash to acquire a majority stake of cosmetics e-store Lafaso. The de...

  • February 14, 2014
  • at 5:11 pm
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ashton kutcher lenovo

Lenovo’s newest earnings report is the envy of both smartphone and PC makers

Things are looking up for Lenovo. Ahead of its pending acquisition of Motorola from Google, Lenovo (HKG:0992) announced record revenue a...

  • February 13, 2014
  • at 8:30 pm
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Alibaba wants to acquire all of Autonavi

Alibaba offers a premium to acquire 100% of online mapping company Autonavi

E-commerce titan Alibaba forked out $294 million to take a 28 percent stake in Autonavi (NASDAQ:AMAP) in May last year. Today, in a letter t...

  • February 10, 2014
  • at 10:30 pm
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foxconn chip thumb

Foxconn signs letter of intent to build factory in Indonesia

The letter of intent states that the city has committed to provide a 200-hectare plot of land in Marunda, Central Jakarta, for the upcoming ...

  • February 10, 2014
  • at 10:21 am
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bitcoin

Bitcoin will not be regulated in Indonesia, but it’s still illegal

Indonesia’s central bank has stated today it will not regulate Bitcoin, according to DailySocial. Still, Bank Indonesia’s initi...

  • February 6, 2014
  • at 8:23 pm
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Line messaging app

Line messaging app racks up $338 million in revenue in 2013

The company behind the messaging app Line has today revealed some financial figures for Q4 (October and December) and the whole of 2013. Acc...

  • February 6, 2014
  • at 11:10 am
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Bitcoin BTC China logo

Bitcoin exchange BTC China starts accepting deposits again

When BTC China in December stopped accepting deposits in its home currency, the renminbi, global Bitcoin prices went into free fall. Sinc...

  • January 31, 2014
  • at 4:00 pm
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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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Jumei US IPO plan

Here comes the first daily deals site from China to seek a US IPO

China’s daily deals market is huge, but it’s even more fragmented and risky as a business than the country’s cut-throat e-...

  • February 14, 2014
  • at 8:28 pm
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IBM to axe 13,000 jobs globally, starts with India

IBM to axe 13,000 jobs globally, starts with India

In a bad start to 2014 for the IT industry, IBM (NYSE:IBM) is reportedly axing 13,000 jobs from its global operations, according to a source...

  • February 14, 2014
  • at 11:30 am
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sohu logo

China’s Sohu sees improved revenues on all fronts, but profits fall

Chinese online media giant Sohu’s Q4 revenues rose 29 percent compared to last year to $385 million, but a 78 percent rise in operat...

  • February 11, 2014
  • at 1:02 pm
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HTC financials Q4 2013

HTC’s Q4 revenues down to $1.41 billion, expects even bleaker start to 2014

HTC (TPE:2498) has outed its Q4 earnings report this afternoon, showing yet another tough quarter for the embattled Taiwanese phone-maker. H...

  • February 10, 2014
  • at 6:12 pm
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Google takes nearly 6 percent stake in Lenovo, worth $750 million, as part of last month's Motorola deal

Google takes 5.94% stake in Lenovo as part of last month’s Motorola deal (Update: Not yet)

It has emerged today that Google (NASDAQ:GOOG) ploughed $750 million into Lenovo (HKG:0992) at the end of last month. It’s related to ...

  • February 7, 2014
  • at 1:37 pm
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Sony sells VAIO PC business

It’s official: Sony ditches Vaio, will spin off TV business

Weeks after rumors concerning the fate of Sony’s Vaio PC arm began to circulate, the Japanese electronics company today officially an...

  • February 6, 2014
  • at 4:11 pm
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DeNA Q3 2013 revenue profit

Struggling against new gaming challengers, DeNA sees revenues and profits plunge

The team at DeNA must be wearing out the minus buttons on their calculators. The mobile social gaming company posted its Q3 financial report...

  • February 5, 2014
  • at 3:40 pm
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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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