THE BUSINESS OF TECHNOLOGY
China Unicom, the third largest wireless carrier, has announced a partnership with Microsoft to boost Windows Phone sales in China, the China Daily reported. Windows Phone currently holds 3 percent of the Chinese market, compared to Android's 72 percent, according to Analysts International. The partnership will give Microsoft competitive footing … [Read more...]
Lazada, the Asian Amazon clone, has raised $26 million to expand its ecommerce services across the continent, the Next Web reported. The investment led by Summit Partners is just one of the latest checks the company has landed in recent weeks. Less than a month ago, it received $40 million from Kinnevek, the Swedish retail conglomerate. Owned by … [Read more...]
After surveying more than a thousand of the leading private companies from North America, Europe, and Asia, Red Herring announced the winners of the prestigious Red Herring Global Top 100 award for 2012. A mark of distinction for identifying promising new companies and entrepreneurs, the award highlights some of the most innovative and … [Read more...]
Red Herring is pleased to announce that we are supporters of the third annual MEF Americas 2012: Mobile Content & Commerce - the essential cross-border event for thought leaders & deal makers from across North & Latin America’s mobile ecosystems. MEF Americas 2012 will take place in Miami on 4-5 December 2012. This year’s event … [Read more...]
Google released a test version of its iOS map app to a number of guinea pigs outside the company, the Wall St. Journal reported this week. The search engine is putting the finishing touches on the app ahead of submitting it to approval to Apple's iTunes app store. Yet those on older iPhones postponing their update to iOS 6 amidst widespread … [Read more...]
Spotify has closed on a $100 million round that values the company at $3 billion, All Things D was the first to report. Coca-cola became a minority investor in the company, investing 10 percent of the round, according to the New York Times. Goldman Sachs contributed 50 percent, while another 15 percent came from Fidelity Investments. The … [Read more...]
Chinese singles have just given American Cyber Monday shoppers a run for their money, or actually a double run. The Chinese ecommerce site Taobao reported earning $3 billion in a single day for China's “Double Eleven,” a Chinese holiday for singles similar to Valentine's Day that's celebrated on 11-11, according to Tech in Asia. That's more … [Read more...]
The Red Herring editorial team selected the Finalists for the 2012 Red Herring 100 Global Award. This group of companies is the short list for the Top 100 award. They are the most innovative and promising companies from a pool of thousands from across North America, Europe and Asia. The Finalists are evaluated on both quantitative and … [Read more...]
Known for being the first company to bring Flash video to iOS, Skyfire has raised $10 million in Series D funding to take its video data compression technology to a global scale. The round was led by new investor Panorama Capital. Previous investors Verizon Ventures, Matrix Partners, Trinity Ventures, and Lightspeed Venture Partners also … [Read more...]
Interested in a good scare this Halloween? Look no further than your own computer, mobile or tablet device! … [Read more...]