Chinese tourism website Woqu.com recently confirmed that the company gained USD20 million investment during its second round of financing. The investment was led by Tencent and followed by Morningside Ventures. Founded by former Mangocity president Huang Zhiwen in October 2013, Woqu.com focuses on the American independent travel market. The website was officially launched in April 2014 and its ...
Adobe has decided to close its research and development branch in China and all related operations will be terminated at the end of December 2014. Adobe China's public relations company confirmed that after the Chinese R&D branch stops operating, the Chinese business will be transferred to Adobe India. However, Adobe will maintain its sales businesses in Shanghai, Beijing, Guangzhou, Shenzhen, ...
Aisidi (HK) Limited has signed a three-party agreement with Xiaomi Singapore and Flipkart India Private Limited to sell Chinese Xiaomi smartphones in India. According to the agreement, the three parties will reportedly work together to promote the sale of Xiaomi smartphones in India as well as the development of other emerging smartphone markets. The contents of this agreement include but are not ...
Microsoft has established a new wholly-owned subsidiary in Shanghai named Microsoft Asia-Pacific Technology Limited, which will focus on the global research and development of the Microsoft cloud operating system. The wholly-owned subsidiary is based around the Chinese teams of Microsoft cloud computing and corporate departments. It will mainly focus on the global development of Microsoft's ...
Media have been opining and hyping Alibaba's USD21.8 billion IPO impact on the global Internet ecosystem and how the company plans to invest its new wealth. Unlike most IPOs, many early investors in Alibaba will have no lock-up period and they can sell their shares today. Though CEO Jack Ma pledged that customers are more important than investors to Alibaba's growth, this uncommon nod towards ...
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