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Lee Kaifu's comments on Baidu's mobile phone OS

Baidu’s CEO, Robin Li, had an interview with Financial Times and talked about Baidu’s mobile phone operating system.  It was just published and almost immediately, former Google China head, Lee Kaifu made some interesting comments about it in his blog. The following are the key points: 1) Not to underestimate the technical difficulty in making […]

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Chinese government investigating Baidu for copyright infringement of books

China’s National Copyright Administration (NCA) is investigating Baidu for copyright infringement of books, said Wang Chih-cheng, deputy director for Copyright Management of NCA. On March 15, fifty of Chinese well-known authors wrote a public letter, claiming Baidu Wenku (or Baidu Libary), one of Baidu’s services which allows users to read free e-book online, infringes their copyrights.  The […]

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Focus Media is working on LBS

Focus Media’s CEO, Jiang Nanchuan, said in his microblog, that Focus Media is working some form of LBS.  It would be integrated with Focus Media’s digital displays units, which are found in many office buildings and residential complex in China.   (Here is an article about it in local news: http://tech.sina.com.cn/i/2011-03-20/19495308277.shtml) Jiang is not too […]

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Tencent 4Q result really that bad ??

Tencent announced its 4Q result this Wednesday, after market closed.   Company president, Martin Liu, said earnings growth would be “certain” to slow. The news trigger a sale off from investors.  Its share price dropped over 10% the next day in Hong Kong, the largest fall in almost two years. Tencent’s fall also affect its major […]

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Y Combinator Application Questions

Y Combinator is the world’s most famous startup incubator in the world. Based in Silicon Valley, they have launched stellar companies such as Loopt, Reddit, Clustrix, Wufoo, Scribd, Xobni, Weebly, Songkick, Disqus, Dropbox, ZumoDrive, Justin.tv, Heroku, Posterous, Airbnb, Heyzap, Cloudkick, DailyBooth, WePay, and Bump. From their website, “Y Combinator developed a new model of startup […]

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Facebook Pushes into Group Buying Market

With its mammoth collection of more than 500 million members, why wouldn’t Facebook enter the group buying world? People are already on Facebook and engaged with what their friends are doing plus group buying is the ‘it’ thing now. So Facebook will soon begin testing its service that offers members local discounts via it’s Facebook Places […]

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Qihoo filed for IPO in the U.S., raising US$200 million

Qihoo 360, China’s largest anti-virus software provider, has filed for listing in New York Stock Exchange. It plans to raise US$200 million. (I post a blog concerning it last week , but some of the details are wrong. http://en.technode.com/2011/03/11/360buy-going-ipo-in-a-few-weeks/) According to its listing document, it had 339 million monthly active Internet users, representing a user […]

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Alibaba reported 46% profit growth for 4Q

B2B marketplace Alibaba.com reported fourth quarter result. Its net profit reached RMB410.4 million, up 46% from a year ago. Total revenue increased 37.6% to RMB1,521.5 million. For the whole year of 2010, revenue was RMB5.55 billion, representing a 43.4 percent increase from 2009 level. Full-year net income was RMB1.46 billion, representing an increase of 45.1%. […]