China
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Tencent Strikes Strategic Partnership With Indoor Mapping Startup Sensewhere
Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said that Tencent now has a license to use sensewhere’s indoor positioning software in Tencent Maps. Sensewhere will also be Tencent’s preferred vendor for location-based advertising… Read More
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“How Not To PR” By Tinder
Have you heard about the Tinder Meltdown (TM)? Some even called it a “stunt.”How Gulf Countries Can Ignite Their Startup Revolution
There is hardly a day that passes without a new major initiative, announcement or bold proclamation by the Gulf economies of United Arab Emirates, Kuwait, Oman, Qatar, Bahrain and Saudi Arabia to promote tech startups in the region. Be it incubators, investment funds or free zones, you name it and they have it. Read More
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Xiaomi Regains Top Spot In China’s Smartphone Market, Ahead Of Huawei And Apple
Xiaomi regained its crown as the top smartphone firm in China during Q2 2015, according to reports from two analyst firms. The Chinese company, which is valued at more than $40 billion and recently launched in Brazil, topped the scales in China with 15.9 percent of all shipments, according to figures from Canalys’. Apple, which was first in China in the previous quarter, fell to third,… Read More
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The Next Industrial Revolution Should Happen In America
The ‘Industrial Internet’ is poised to overhaul the way companies manufacture goods, in turn changing our everyday interactions with products. Imagine yourself five years from now, sitting around a picnic table with a group of friends. One of them just landed a coveted manufacturing gig right after getting her master’s degree, and is now pulling in $200,000 a year. Another… Read More
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China’s Wozlla Lands $2M For Its HTML5 Game Development Platform
Native apps may be the current vision what mobile games and apps should look like, but a number of companies are pioneering HTML5-based web apps as a more rounded alternative. One such company, China-based game development firm Wozlla, has landed a $2 million investment from PE firm Greenwood Asset Management to open its development technology to third-party developers worldwide. Read More
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China’s Mobile Engine Is Slowing, Says Gartner
Winter might well be coming for (more) smartphone makers as the sales engine of China shows signs of saturation and slowing growth, according to analyst Gartner. Alibaba Invests $194M Into China Business News To Build A Financial Data Platform
Alibaba, the Chinese internet giant, is currently focused on investing internationally to grow its business, but is also continuing to build out operations at home. In the latest move, it has invested $193.6 million (RMB1.2 billion) into China Business News to create a new financial data and information services company. “The era of Data Technology is here and it will surpass the… Read More
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Worldwide Smartphone Growth To Slow In 2015, As China Reaches Saturation
The writing has been on the wall for some time, but analysts at IDC are again confirming today that the worldwide smartphone market will continue to see its overall growth slow in 2015. The firm says that global smartphone shipments will grow just 11.3 percent this year, down from 27.6 percent the year prior. The changes are attributed, in part, to the Chinese smartphone market reaching… Read More
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Ticket Booking Startup Beijing Weiying Raises $105M From Investors Including Tencent
Beijing Weiying Technology, the maker of a movie ticket booking platform that is embedded in WeChat, China’s largest messaging app, has raised a $105 million series B. Investors include WeChat owner Tencent and Wanda Group, one of China’s largest movie theater operators.
Weiying’s app, WePiao, can be accessed through WeChat, as well as QQ, Tencent’s instant messaging… Read More
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