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Tag Index  /  Showing 1 - 4 of 4 results for “Weibo”

Global Tech

WeChat Comes Under Fire for Rumors, Fake Ads

Tencent’s WeChat has grown so quickly over the last two years that it was almost inevitable that the popular mobile messaging service would come under fire from China’s state-run media or Beijing regulators. The service briefly clashed with the telecoms regulator last year during a high-profile spat with leading telco China Mobile, and now WeChat is coming under fire from leading broadcaster CCTV for becoming a hotbed for rumor mongering and fraudulent advertisements.   More

Global Tech Internet of Things

Weibo, Hisense Explore Internet of Things

Social networking apps have become the flavor of the day among Chinese Internet firms, especially in the mobile space, and it’s rare to go more than a week or two without reports of a big new move by a major player in the space. Amid all that chatter, I was intrigued to read the latest report of an interesting new tie-up between leading microblog operator Sina Weibo and appliance maker Hisense into the unlikely field of smart air conditioners.   More

Business E-Commerce Global Tech

Baidu Eyes Group Buying With Nuomi

Barely a month goes by these days without rumor of a new acquisition target for Baidu, which suddenly seems anxious to buy up major assets in its bid to diversify beyond its core search business. The latest rumors say Baidu is close to a deal to purchase Nuomi, the group buying unit of social networking leader Renren. As one of China’s most profitable Internet companies, Baidu is hoping to take advantage of low valuations of Chinese Internet firms, many of which are running low on cash and have had trouble attracting interest from foreign investors.   More

E-Commerce Global Tech

Alibaba Mobile Drive Leads to Autonavi

Less than two weeks after buying a major stake in leading Chinese microblogging site Sina Weibo, e-commerce leader Alibaba is back on the acquisition track with word that it’s on the cusp of another deal to buy a similar strategic stake in mapping services firm AutoNavi. While this newest deal would be a bit smaller than the Weibo tie-up, it marks the latest transaction in a nascent M&A wave among China tech firms that looks set to gain momentum during the rest of the year.   More