Yahoo’s recent US Securities & Exchange Commission filing has revealed that nearly one-third of its revenue last quarter — 31% — came from its search deal with Microsoft. The report by Bloomberg shows that’s far higher than the “more than 10%” figure Yahoo previously acknowledged.
The company outlined the portion of revenue it gets from a search agreement with Microsoft Corp. (MSFT), following inquires stretching back several months, according to new regulatory filings that were made public yesterday. Yahoo, which had previously said the deal comprised more than… Read More
Chinese Internet firm Qihoo 360 Technology Company has increased its investment on Brazilian cloud-based online security company, PSafe Tecnologia, by leading a $30 million round last week.
Besides Qihoo, Redpoint Ventures, Redpoint e.ventures and Pinnacle Ventures were also participants in the new financing round. With the new investments, PSafe is now valued at approximately $130 million.
Qihoo 360 becomes the largest investor in PSafe, with Redpoint right behind it. However, the stakes were not disclosed for the investment companies. Still it is thought to be one of the largest investments by a… Read More
Apple on Monday, confirmed that it had bought Topsy Labs, a research company that could help Apple better understand what people are talking about on social media networks like Twitter.
Topsy focuses on analyzing the half a billion messages sent over Twitter every day. The company has indexed every tweet ever sent and has made them searchable, much like Google does for the web. The company also helps clients analyze tweets for various business trends.
It is not clear the purpose of Apple a hardware company buying Topsy.
The drone, as constructed today, looks like a barbecue grill, attached with eight propellers and a basket to it and will be used to deliver small items to people’s houses. He envisions this drone delivery as easy as a milkman delivering milk like the old days.
Mr. Bezos announced this on CBS’ 60 Minutes program. Though the news was the talk of watercoolers everywhere, it seems like Mr. Bezos had another… Read More
China Mobile will finally be the first carrier to offer 4G LTE in China on Dec. 18, followed by China Unicom and China Telecom, the country’s other two major carriers, according to Xinhua.
The launch of 4G in China is good news for Apple because the company can start offering their latest iPhone models compatible with TD-LTE, the 4G standard used by China Mobile. The timing couldn’t be any better because in September, after years of negotiations, Apple secured the final government license needed to run the iPhone on China Mobile’s proprietary… Read More
Stan Shih, the founder of Acer, was named chairman of the computer maker. Mr. Shih returns to lead Acer, after several years of hard times.
Stan Shih, co-founded the company in 1976. He is among several founders who have left and returned, including Steven P. Jobs at Apple and Michael Dell of Dell.
Mr Shih has a huge challenge ahead of him. PC sales, Acer’s main line of business, are slumping as people turn to smartphones and tablets. As this consumer trend is happening, Acer is having a difficult time adjusting. The… Read More
Two large online travel agencies have hired India’s top celebrities to be their pitchmen.
Musafir.com, the online travel agency based in the United Arab Emirates, last month announced it hired Mr. Tendulkar, India’s most revered athlete and one of the most recognizable faces on the subcontinent, as its “brand ambassador.”
Sachin Tendulkar, swung his final cricket bat on Friday ahead of one of the most watched and talked-about retirements from athletics in India. He will now trade in his cricket uniform for a red turban and a fake mustache and a career in… Read More
China set an online sales record for its online shopping day November 11. Alibaba, China’s biggest online shopping company, said it processed more than $5.75 billion in its online payments system — a record for a single day, not just in China but anywhere in the world. This number easily surpasses Cyber Monday in the United States.
November 11 used to be the unoffical day where single men in China lament about their single status with a drink. The so-called Singles’ Day, symbolized by the four lonely 1s of 11/11, five years ago was… Read More
Could Apple be following Samsung when it comes to innovation? Reports have surfaced that Apple is developing iPhones with curved-glass screens and enhanced sensors that detect different levels of pressure.
According to Bloomberg, two models — one with screen of 4.7 inches and another with a screen of 5.5 inches —are in the works, and both would use glass that curves downward at the edges.
The two models would rival Samsung's Galaxy Note 3, which boasts a 5.7-inch screen. The second model is also significantly bigger… Read More
Looks like the mystery (sort of) has been solved on the mysterious barges floating near San Francisco and Portland, Me.
In a statement, Google says it is exploring using two large barges on the east and west coasts as interactive learning centers. The barges, four stories tall and made of shipping containers, were hiding in plain sight until last month, when a Cnet reporter its connection to Google.
At first speculation was rampant, anywhere from floating data centers, traveling Google Glass stores or showrooms with party decks.… Read More
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