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Internet Development

Google-Owned Nest to Acquire Dropcam

Google-owned Smart thermostat and smoke alarm maker Nest Labs is shelling out $555 million to acquire video monitoring company Dropcam in a bid to further its footprint into the home. The purchase will broaden Nest’s scope into the home surveillance arena. Nest founder Matt Rogers described Dropcam as having “the best products, services, and customer experience in the business.” “Dropcam ... Read More »

Alibaba Acquires Remaining Shares of Browser-maker UCWeb

The acquisition of UCWeb appears to be China’s largest tech acquisition.  Financial terms are not disclosed, but the two firms call it the “biggest deal in Chinese internet history.”  Internal letters reveal that the deal values UCWeb at far more than the $1.9 billion that Baidu paid for 91 Wireless, which is China’s largest internet acquisition to date. Prior to this, ... Read More »

SINA Q1 2014 Revenue Up 36%

SINA Corporation announced preliminary selected unaudited financial results for the fiscal quarter ended March 31, 2014.  The preliminary results are subject to change as the Company is still in the process of finalizing the financial results for the quarter. For the first quarter of 2014, the Company now estimates its preliminary unaudited financial results to be as follows:  Total net revenues* ... Read More »

Alibaba Buys Stake in Online Video Site Youku Tudou for $1.22bn

Alibaba Group is expanding its online entertainment presence by investing $1.2 billion with a partner in video website Youku Tudou.  Alibaba will gain a 16.5 percent stake in the company and its partner Yunfeng Capital will get 2 percent. China’s major Internet companies have invested billions of dollars over the past year to expand beyond their core businesses by creating ... Read More »

Boosting Internet Access in Remote Areas

Google is acquiring Titan Aerospace, a maker of solar-powered drones that could be used to boost Internet access to remote areas.  Google did not release the financial terms of the transaction. Titan’s drones are able to run for five years at an altitude of some 65,000 feet (19,812 meters).  They can perform similar functions to geostationary satellites, but are less ... Read More »

Duedil Named in ‘Wired’ Magazine’s Hottest London Startup List

‘Wired’ Magazine named London as one of the hottest startup capitals.  Amongst the ten hottest startups ‘Wired’ listed BIIA member Duedil. Duedil’s free-to-access database brings together a wide range of company info — including Companies House data and credit ratings — in a simple interface. Users can search for accounts, shareholders and company directors. The company was founded by New Yorker Damian ... Read More »

Yahoo Acquires Incredible Labs – Shuts Down Donna

Incredible Labs has entered into an agreement to be acquired by Yahoo.   Upon closing, the Incredible Labs team will be joining Yahoo and working with some incredibly talented people, or in the case of some people of Incredible Labs will be returning to a company they know and love. The transaction, which is subject to customary closing conditions, is expected ... Read More »

China Internet Outage: Who Pulled the Switch?

Human error likely caused a glitch in China’s Great Firewall that saw millions of Internet users ironically rerouted to the homepage of a U.S.-based company which helps people evade Beijing’s web censorship, according to Reuters. Hundreds of millions of people attempting to visit China’s most popular websites on Tuesday afternoon found themselves redirected to Dynamic Internet Technology (DIT), a company ... Read More »

Google Enters “Internet of Things” with Acquisition of Nest for $3.2 bn in Cash

Google (GOOG) announced that it will spend $3.2 billion for Nest, a Silicon Valley company founded by former Apple employees to develop better versions of common devices for homes.  The Nest acquisition gives Google a foothold in one arena of the “Internet of Things,” the growing phenomenon of connecting ordinary items to the Internet.   Silicon Valley tech giants are laser-focused on ... Read More »

Google to Double Asian Data Center Investment

Google has said it will double its investment in a data center it is building in Taiwan due to a sharp rise in internet use.  Google had already invested US$300 million in this data center however between July and September more than 60 million people in Asia got onto mobile internet for the first time.  Almost as many people which ... Read More »

The Age of The Customer Will Reshape Asia Pacific’s Tech Markets in 2014

Forrester’s team of Asia Pacific (AP) analysts released our top 10 predictions for the Asia Pacific tech market in 2014 this week. The most critical overarching trend for the region in 2014 will be the strengthening age of the customer, which we define as a 20-year business cycle in which the most successful enterprises will reinvent themselves to systematically understand ... Read More »

Internet Users in India Set to Reach 243 Million by 2014

The number of Internet users in India is expected to rise 18.53 percent in the coming eight months to reach 24.3 crore by June 2014, on the back of higher adoption of mobiles as a means to access the Internet, a report Wednesday said.  India is also expected to overtake the US as the second largest Internet base in the ... Read More »