Baidu Sees Revenue Growth And Profit Slump In Q1 2015

baidu Baidu, China’s largest internet search and maps provider, continues to see slowing financials as it transitions to the rise of mobile. The company’s latest Q1 2015 financial report continued an ongoing decline in revenue growth and saw net profit dip year-on-year too. Read More

The Source Article

Ticket Booking Startup Beijing Weiying Raises $105M From Investors Including Tencent

movie theater 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. Read More

The Source Article

Alibaba Teams Up With China’s Largest Telecom To Sell Smartphones To Rural Customers

alibaba coffee cup Alibaba has partnered with China’s biggest telecom operator to sell low-cost smartphones to people in rural areas for prices as low as 299 RMB ($48). The deal with China Telecom, which has 186 million users, is part of a two-pronged strategy for the e-commerce giant, which sees smaller cities as key to its growth plans for its e-commerce business and operating system YunOS. A line of… Read More

The Source Article

Aliyun, An Alibaba Unit, Is Building China’s First “Cloud Hospital”

healthcare shutterstock Alibaba’s power doesn’t just stem from being the largest player in the world’s fastest-growing e-commerce market. The company also sits on hoards of data, gathered from its shopping sites, as well as its financial and cloud computing businesses. Now Aliyun, Alibaba’s cloud computing subsidiary, has entered a deal to build what it calls the first “cloud… Read More

The Source Article

Music Education Startup Tonara Scores $5M Led By Baidu, China’s Largest Search Engine

Tonara Tonara, the Israeli startup behind the eponymous interactive sheet music app, has raised new funding to the tune of $5 million from Chinese Internet giant Baidu and returning investor Carmel Ventures. Read More

The Source Article

China Accused Of Decade Of Cyber Attacks On Governments And Corporates In Asia

internet The Chinese government is being blamed for a newly discovered set of cyber attacks waged against government agencies, corporate companies and journalists across India and Southeast Asia for the past ten years. Read More

The Source Article

‘Great Cannon’ Is China’s New Weapon That Shoots Down Internet Sites

cannon China is widely suspect to be behind the recent attacks on Github and internet freedom group Great Fire. Now we have the most concrete evidence that indeed it was, and it looks like it did so using a new weapon to boot. Read More

The Source Article

Xiaomi Sold Over 2M Smartphones In 12-Hour ‘Fan Festival’ Sale

xiaomi Xiaomi massively expanded its retail channels in India this week, and sales have been on the agenda this week after it sold more than two million smartphones on Wednesday. That effort broke its previous best for a ‘flash sale’ event. Read More

The Source Article