THE BUSINESS OF TECHNOLOGY
Growing 401 percent year over year, China's smartphone market is the fastest growing market in the world, according to new analytics by Flurry, the mobile analytics firm. Though currently second behind the US, China has set a pace to likely overtake the US market by Christmas. The US adds about 30 million new active devices to the stream … [Read more...]
Casual meetups in China are challenging in a culture where dating game shows are an apt way to snatch up a wealthy groom and marriage qualifies as a get-to-know-you conversation starter. Translated as “Hi, stranger” in Mandarin, Momo recently nabbed an impressive $40 million Series B round for its location-based casual encounter app, as first … [Read more...]
Like the nose of the Titanic slowly sinking into the ocean, HP's descent has become epic. The company reported an $8.9 billion loss for the third fiscal quarter that ended at the close of July, weighed down by $8 billion in losses from the colossal weight of its troubled 2008 acquisition of Electronic Data Systems for $13 billion. For comparison, a … [Read more...]
After only 21 hours of deliberation, a jury ruled mostly in favor of Apple, finding that Samsung had violated six out of seven patents, and awarded $1,049,343,540 to the computer giant. The jury also ruled that all seven of Apple's patents were valid, and maintained that Apple did not violate any of the five patents Samsung held in a … [Read more...]
A Seoul Court ruled Friday that while both Samsung's and Apple's devices look similar, Samsung is not in violation of stealing the design, Reuters reported. The judge ruled that consumers were not likely to confused the two products as each device has clear company logos, and that such factors as price, operating systems, services and performance … [Read more...]
Propelled by the upcoming release of the iPhone 5 and a potentially smaller and more affordable iPad, Apple's stock hit $664.74 this week, raising the company's value to $623 billion, the highest ever in Wall St.'s history. The company beat out Microsoft's high of $620.58 billion on Dec. 30, 1999. Granted, that's not adjusted for inflation, … [Read more...]
The Red Herring editorial team selected the short list for the 2012 Red Herring 100 Asia Award. They are the most innovative and promising companies from a pool of hundreds from across Asia. The Finalists are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, IP … [Read more...]
Google's self-driving robot cars have now clocked over 300,000 miles, the equivalent of driving 12 times around the world's 25,000 mile equator circumference. And they've done it without an accident, or at least one caused by the self-driving computer. Drive around the world often enough, and eventually someone will hit you, even if you are R2D2, … [Read more...]
Pure Storage, the flash enterprise storage company, raised another $40 million in funding, its second cash infusion despite only launching out of stealth mode a year ago. Index Ventures’ Mike Volpi led the round, with participation from existing investors Greylock Partners, Redpoint Ventures and Sutter Hill Ventures. The new funding brings the … [Read more...]
By Igor Sill, Geneva Venture Management With the US economy continuing to suffer from one of the longest economic downturns since the Great Depression, some countries are enjoying far better economic times and using our ingenuity to fuel it. Where is that economic fuel coming from, and why aren’t we exploiting it? The US economic July … [Read more...]