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In Its Largest Deal Ever, Baidu to Pay $1.9B for App Store

July 19, 2013

Baidu has just announced the biggest deal in its history. China’s premier search engine plans to pay $1.9 billion for 91 Wireless, a major developer of app stores in China that has…

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Terra Motors Gives EV Street Cred in Asia

July 17, 2013

With their new smart-enabled scooters and sleek vehicle designs, Japanese company Terra Motors delivers Jetson’s-level transit tech that’s as elegant as it is efficient. And as high fuel costs and environmental concerns…

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With Turmoil Brewing, E-tailer THE ICONIC Receives Funding Bump

July 17, 2013

Amid reports of 10 percent employee layoffs and financial losses, Australian online retailer THE ICONIC has received $26 million in funding. The fashion site, a venture by German-born incubator Rocket Internet, lined its…

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Mobile Ad Spend Spikes 83%, Earning $9B in 2012

July 11, 2013

Smartphone growth may have reached its saturation point in already developed markets, but mobile advertising revenue is just beginning to hit some impressive speeds. Global mobile advertising spend earned $8.9 billion in…

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Top 100 Asia Showcase

July 11, 2013

From September 3-5, 2013, venture capitals and CEOs from cutting-edge private technology companies will gather in Hong Kong to discover an exceptional array of entrepreneurs and executive leaders from innovative technology firms…

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KakaoTalk Jumps Ahead of Facebook

July 11, 2013

KakaoTalk, a 3-year-and-change-old Korean messaging app, has eclipsed Facebook’s popularity in South Korea and Japan. The company leverages its simple, all-under-one-roof social media infrastructure and immersive, visual communication strategy––enhanced by digital content…

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India Beats Japan to Become Third Largest Smartphone Market

June 27, 2013

India has surpassed Japan in the smartphone market, becoming for the first time the third largest in the world behind the US and China, a new report from Strategy Analytics points out.…

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Alibaba Buys 18% of Weibo, China’s Twitter, for $586M

May 10, 2013

In a sign that social and ecommerce are becoming peas in the same pod, Alibaba, the Chinese Amazon giant, has purchased Weibo, China’s version of Twitter, for $586 million. The deal values…

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Baidu Acquires Online Video Platform PPS for $370M

May 10, 2013

Baidu, the largest search engine in China, has acquired PPStream, the Shanghai-based online video platform, for $370 million, the company confirmed this week following weeks of rumors on the deal. PPS will…

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Costs Soaring, Baidu 1Q $328.9M Earnings Disappoint Analysts

April 26, 2013

Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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