THE BUSINESS OF TECHNOLOGY
While making his second trip to China as Apple's CEO, Tim Cook told China's state-run Xinhua news agency that China will one day become the company's largest customer. Currently, China ranks as Apple's biggest market. "China is currently our second largest market. I believe it will become our first. I believe strongly that it will," Cook told … [Read more...]
Sina Weibo, a social microblogger that has sometimes been referred to as China's “Twitter,” has rolled out an English language interface, widening marketing possibilities that could extend the service to more international markets. A Sina representative told Tech in Asia, "Countries in Southeast Asia [can] pick English or Chinese – this isn’t … [Read more...]
Twitter has been valued at $11 billion in a Greencrest Capital report, according to Forbes, which reported the company is eying a possible IPO as early as 2014. The publication credits recent management hirings, including Ali Rowghani’s promotion from chief financial officer to chief operating officer, the hiring of ex-Zynga employee Mike Gupta … [Read more...]
Pearson, the British education publisher, purchased a 5 percent stake in NOOK Media, the Barnes & Noble subsidiary that's behind the NOOK reader and its digital content store, for $89.5 million. "We formed NOOK Media to be a leader in the exploding market for digital content," said William Lynch, Chief Executive Officer of Barnes & … [Read more...]
Despite all the talk about Google's Android gaining market share to dominate the mobile space, truth is Apple dominates the mobile market when it comes to actual advertising served, perhaps because people are actually using their devices more to interact with the Internet. Sales can measure only a small component of the puzzle. The real game is … [Read more...]
In the last six months, viewing videos on tablets has grown 90 percent, according to a recent report from Ooyala, the online video streaming and monetization platform. In its Q3 2012 Global Video Index, the company highlighted the continued growth and evolution of mobile video consumption. The report was made through the company's robust … [Read more...]
By Anam Alpenia, Red Herring In-Q-Tel, the venture capital firm of the Central Intelligence Agency, made a strategic investment backed by a technology development agreement in cloud mobile security provider Tyfone for its “proven capabilities” in secure ID and NFC. An independent nonprofit, the firm's primary purpose is to identify “innovative … [Read more...]
Police in Mildura, Australia have a bone to pick with Apple's Map App that's far more serious than a misplaced airport, an erased London or disappearing national monument. Authorities issued a startling warning to Australian citizens that the errors on the app were “potentially life threatening,” after the app mistakenly located the city of Mildura … [Read more...]
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...]
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 will … [Read more...]