Post Tagged with: "China"

Matrix Partners Raises $350 Million Fund for China
/ April 22, 2014 5:32 pm
Matrix Partners Raises $350 Million Fund for China

Matrix Partners, a Cambridge-based venture capital firm, announced it has raised $350 million for its third fund focused on investments in China. Since its founding in 2008, Matrix Partners China invests in early-stage businesses in the Chinese market, targeting companies in technology, media and telecommunications, and health care, and has been especially active in Internet and mobile. Read More

Intel Introduces $100 Million Venture Fund for Smart Devices and Wearables
/ April 3, 2014 3:52 pm
Intel Introduces $100 Million Venture Fund for Smart Devices and Wearables

VentureBeat reports that Intel Capital plans to invest $100 million in smartphones, tablets, wearables in China. The company also announced the opening of its Intel Smart Device Innovation Center in Shenzhen, China, where companies can cooperate on designs for devices like 2-in-1 computers that double as tablets, as well as other kinds of mobile devices. . Read More

Nokia MixRadio Adds 30 Millionth Track
/ March 26, 2014 3:48 pm
Nokia MixRadio Adds 30 Millionth Track

Hypebot reports that mobile music streaming service Nokia MixRadio has surpassed 30 million tracks. By comparison, Spotify, like most other music streamers, has a 20 million track catalog. Nokia has gained traction by launching its service in 31 countries including China. . Read More

Nokia MixRadio To Be First Global Music Streaming Service in China
/ March 24, 2014 5:36 pm
Nokia MixRadio To Be First Global Music Streaming Service in China

Hypebot reports that Nokia MixRadio will be the first Global Music Streaming Service available in China after its launch this week. More than 80% of Internet users in China (approximately 500 million people) surf the Internet via a mobile device, making it the world’s leading global market for music streaming. Read More

Gaming Platform and Mobile Messaging App Tango Raises $280 Million
/ March 20, 2014 6:11 pm
Gaming Platform and Mobile Messaging App Tango Raises $280 Million

TechCrunch reports that Tango has raised $280 Million in its Series D Round of Funding led by China’s Alibaba. Tango is a mobile messaging app that lets users play games, text, make free voice and video calls, send music messages powered by Spotify and more for free. The application also allows you to connect with your friends, family, or make new friends worldwide. . Read More

Samsung Smart Phones Facing Strong Competition from Cheaper Priced Rivals
/ January 24, 2014 6:15 pm
Samsung Smart Phones Facing Strong Competition from Cheaper Priced Rivals

TechCrunch reports that the recently published financial report of Samsung is emphasizing slow growth in the smartphone segment. For the first time in last two years, Samsung has reported its first decline in profit. India and China, the biggest market for Samsung smartphones, are seeing sales going to cheaper phones. This is expected to spark a price war, further decreasing Samsung’s profit margins. . Read More

Apple and China Mobile Preparing for iPhone Release in China
/ January 15, 2014 5:01 pm
Apple and China Mobile Preparing for iPhone Release in China

VentureBeat reports that iPhone manufacturer Foxconn has shipped over one million iPhones to China Mobile in preparation for Friday's China release. China Mobile is the biggest carrier in China as well as the world with over 760 million customers. Read More

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