Groupon's China venture posted a net loss of US$46.4 million for the past nine months, generating only $2.1 million in revenue as it fights to gain dominance in the country's highly competitive group buying market.
India's Bharti Enterprises has set up a joint venture with Japan's Softbank to focus on social media, gaming, and e-commerce for India's booming mobile market, it said Thursday.
Jack Ma, chairman and CEO of Alibaba Group, said on Friday at an event at Stanford University that he was interested in acquiring Yahoo, according to reports, making this the first public overture by the Chinese company which is about 40 percent owned by Yahoo.
Russia's biggest search engine, Yandex, has invested US$15 million in U.S. search startup Blekko, as part of $30 million funding round.
Google has acquired land in Hong Kong, Taiwan and Singapore to build data centers in these three locations, it said Wednesday.
Five chipmakers, including Intel, IBM, Samsung Electronics, GlobalFoundries and Taiwan Semiconductor Manufacturing Co. have committed investment of $US4.4 billion in research and development in the state of New York over the next five years, to develop new 450-millimeter chip wafer technology, according to the state's governor Andrew M. Cuomo.
PC vendor Lenovo has formed a joint venture with laptop contract manufacturer Compal Electronics to build and operate a new factory in China, as part of a move to keep up with product sales, Lenovo announced Tuesday.
Fast-growing blogging platform Tumblr has closed an investment round that attracted new venture capitalists and brought in $US85 million.
Match.com announced on Wednesday it had acquired a 20 percent stake in a company behind one of China's largest online dating sites.
Microsoft said on Tuesday it will work with a Chinese operating system developer to create cloud computing products for the country's market, a move that could help the U.S. company sell to China's government agencies.
Apple watchers are getting a closer look at the company’s plans for a new spaceship-like headquarters.
HTC has invested in Beats Electronics, a U.S. headphones company rap artist Dr. Dre helped found, as part of a move to improve the audio on the Taiwanese smartphone maker's devices.
WiMax carrier Clearwire's so-far-unfunded plan to adopt LTE faces several obstacles, but the company effectively doesn't have a choice, according to industry analysts.
Sprint Nextel's deal with LightSquared to build and run its LTE network for more than US$13 billion in cash and credits all comes down to money.
Google has acquired Pittsburgh Pattern Recognition, known as PittPatt, a company that develops technology for recognizing faces in images and video, according to PittPatt's website.