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  Fab CEO: Why we choose Tencent in China?

Today one important news is that Fab completes its D round fund raising with 150 million US dollars. Regarding this round of fund raising, Fab CEO Jason Goldberg explained : "If Fab wants to do business in US only, then it's not necessary to raise so much money.". Also from the investment of Tencent and Itochu from Japan, China and Japan will be Fab's new market of expansion. Why does Fab choose to cooperate with Tencent to expand Chinese market?(There was news that Alibaba was also contacting F...

2,184 0          ALIBABA TENCENT FAB


  Tencent released Q1 earning report of 2013

Tencent has released the earnings report of Q1 in 2013, the total revenue is $2.1611 billion which increases  11.5% compared to last quarter and increases 40.4% compared to the same time last year. The  profit is 649.4 million US dollars which increases 17.3% compared to last quarter and increases 37.4% compared last year.The three main profit generators are:1. Value-added services revenue of 1.7014 billion US dollars with an increase of 13.6% compared to last quarter and an increase o...

2,702 0          TENCENT EARNINGS REPORT WECHAT


  3 reasons why Alibaba invests on Sina Weibo

Last night, Alibaba announced acquisition of 18% shares of Sina Weibo with $586 million, according to sources close to the deal, after the completion of this deal, Alibaba will become the second largest shareholder of Sina Weibo and may become the largest shareholder in the future.This deal was supposed to be completed before Chinese Spring Festival, but because Alibaba and Sina had a heated argument about the share holding of Sina Weibo which resulted in substantial delay in the time to complet...

3,042 0          SINA WEIBO ALIBABA


  One minute to understand earnings report of IT giants in last quarter

According to Sohu IT, if you want to know the operating status of a listed technology company, then the company's quarterly earnings report should not be missed. Now it's time for companies to release earnings report for last quarter, a few large IT giants in United States have announced the previous quarter's earnings. But many ordinary readers are not interested in those professional reports with a lot of finance jargon, so we extracted and summarized some important information from Yahoo, Goo...

2,537 0          EARNINGS REPORT IT GIANT


  E-commerce "Whampoa Military Academy" in Guangdong

There are five projects being initiated this year in Guangdong Province to help the young graduates to find jobs or become entrepreneurs, such as providing more internship opportunities to university graduates and setting up total 200 million amount loans to help starting their own business. Among all the announced plans, the “Youth E-Business Elite Plan” attracts the most attention. This plan relies on Taobao University of Guangdong Youth College to train various e-commerce talents...

1,530 0          E-COMMERCE GUANGDONG


  Only 4G can resolve the conflicts between China Telecom Carriers and WeChat ?

Why WeChat has made the three big Chinese telecom companies uncomfortable? Let's analyze from both technical and commercial levels. From a technical point of view, Mr. Huang, Dean of China Mobile Research Institute, described the impact of "always online service" applications like WeChat. Instead of using technical terms, we will explain in simple vivid phrases. First, mobile QQ, or WeChat, will have their own "request frequency". These requests are sent to the carrier network, to check the re...

2,351 0          CHINA WECHAT 4G TELECOM


  Focus of Baidu in the future

In addition to the new generation "Baidu ladies", The biggest highlight of the annual meeting of Baidu is undoubtedly the passionate speech delivered by CEO Yanhong Li with a "Zoro" suite. He emphasized four business focus of Baidu in the future, i.e the traditional search, mobile cloud, LBS and international strategy. Although the strategy is clear, but what's more important is that there must be some corresponding products to align with these focus. How will Baidu carry out four key business?...

4,161 0          BAIDU ANUUAL MEETING LBS BAIDU CLOUD


  Qihoo 360 confirms the cooperation with Google

Affected by the news that Qihoo 360 would cooperate with Google, Qihoo 360 and Baidu are treated differently in capital market at the beginning of 2013. Analysts have high expectations on Qihoo 360 and increase its performance expectations for fiscal year 2013, while Baidu suffered price target downgrades.According to Sina technology news, Qihoo 360 confirmed this news to ZDNet, but they refused to disclose more details. According to Qihoo 360, there is some kind of cooperation existed between ...

3,490 0          GOOGLE QIHOO 360 SEARCH BAIDU