Tag Archives: china

Weibo debut highlights complicated dance with Chinese censors

Weibo Corporation Chairman Charles Chao speaks during a visit to the NASDAQ MarketSite in Times Square in celebration of Weibo's initial public offering (IPO) on The NASDAQ Stock Market in New York

By Gerry Shih and Yimou Lee SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail. ...

Inside Tencent: the Chinese tech giant that’s trying to go global

Inside Tencent: the Chinese tech giant that's trying to go global

The Chinese web giant Tencent is one of the biggest companies in tech thanks to its popular messaging and gaming services, and yet you'd hardly know it outside of China. But that may not be for long: Tencent recently began expanding into new countries, and it's even made some investments in American companies to start ...

This monster smartphone should fix all your Android battery life woes

This monster smartphone should fix all your Android battery life woes

The Philips W6618 is a monster smartphone that packs an impressive 5300mAh battery. The device was released earlier this week in China where it retails for 1,699 Yuan, or around $273, PhoneArena reports. The battery is non-removable and it offers a standby time of 66 days and talk time of 33 hours. Because the battery ...

DealBook: Weibo, a Chinese Answer to Twitter, Prices Its Offering at $17

The microblogging service set a price at the bottom of its expected range, and will carry a value well below that of Twitter when it begins trading on the public markets.From http://rss.nytimes.com/c/34625/f/640387/s/3978f8e2/sc/2/l/0Ldealbook0Bnytimes0N0C20A140C0A40C160Cweibo0Ea0Echinese0Eanswer0Eto0Etwitter0Eprices0Eits0Eoffering0Eat0E170C0Dpartner0Frss0Gemc0Frss/story01.htm

Weibo cuts IPO size amid selloff in technology stocks

A woman looks at a Weibo advertisement as she rides an elevator inside a subway station in Beijing

(Reuters) - China's Weibo Corp, a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth. The offering comes ahead of the much-anticipated IPO of Chinese e-commerce giant Alibaba Group Holding Ltd, which ...

China’s ZTE first-quarter profit triples; meets estimate

The ZTE display is shown at the annual Consumer Electronics Show (CES) in Las Vegas

HONG KONG (Reuters) - ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of fourth-generation mobile networks. Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared with an estimated range of 425 million yuan to 637 million yuan, the Shenzhen-based ...

Weibo valued at $3.46 billion after bottom-end IPO pricing

A man visits Sina's Weibo microblogging site in Shanghai

(Reuters) - China's Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service's slowing user growth and the country's highly censored media environment. The Twitter-like microblogging service, owned by web portal Sina Corp, sold 16.8 million American Depositary Shares (ADSs) ...

DealBook: In Disarray, Mt. Gox Signals a Move Toward Liquidation

In a statement posted on its website, the Tokyo-based company said a local court had dismissed its request that it be allowed to try to rehabilitate its business.From http://rss.nytimes.com/c/34625/f/640387/s/396f3b6c/sc/21/l/0Ldealbook0Bnytimes0N0C20A140C0A40C160Cformer0Ebitcoin0Eexchange0Emt0Egox0Eset0Eto0Eliquidate0Ein0Eabsence0Eof0Erevival0Eplan0C0Dpartner0Frss0Gemc0Frss/story01.htm

Google, IBM results raise questions about other tech-sector companies

Surfboards lean against a wall at the Google office in Santa Monica

By Alexei Oreskovic and Noel Randewich SAN FRANCISCO (Reuters) - Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks. IBM blamed weak hardware sales for its lowest ...

Sony sells more than 7 million Playstation 4 consoles

Staff at the PlayStation 4 launch event poses with the PlayStation 4's game controller before its domestic launch event at the Sony Showroom in Tokyo

Sony Corp sold more than 7 million PlayStation 4 units as of April 6 and is struggling to keep pace with demand for the video game console, the company said on Wednesday. "Although we are still facing difficulties keeping up with the strong demand worldwide, we remain steadfast in our commitment to meet the needs ...