Beijing's IT professionals plunge into startups
Tyr Chen, a 29-year-old resident of Beijing, is doing what many of his friends won't: He's establishing a startup.
Tyr Chen, a 29-year-old resident of Beijing, is doing what many of his friends won't: He's establishing a startup.
When it was founded in 1997, a Taiwanese firm with the drab, generic name High-Tech Computer did what almost everyone on the island does: It made its money doing contract manufacturing work for bigger-name brands.
The overall amount of venture capital invested in startups is on the rise, though the networking and telecom industries haven’t been big contributors of late.
Intel is establishing a joint innovation center with Tencent, one of China's largest Internet firms, to develop products and services around the chip maker's MeeGo mobile operating system and devices using its Atom processors.
Dell plans to invest US$1 billion over the next three years to bolster its data storage products to business customers, with the money going toward the research of technology like cloud computing and virtualization, along with the development on new data centers.
NTT DoCoMo is investing 8 billion rupees (US$176 million) in Tata Teleservices, a mobile services company in India.
Nokia plans to invest €200 million (US$276.3 million) in a new mobile phone manufacturing site near Hanoi in northern Vietnam along "with further, sizeable investments thereafter," the company said Wednesday.
Open democracy, open borders and open standards were the themes to which speakers returned again and again at the opening ceremony for the Cebit trade show in Hanover, Germany, on Monday night.
Citrix Systems has invested in Primadesk, a company that is developing a free, Web-based application to help users keep track of content stored in different cloud-based services, the company said on Monday.
Executives from Facebook, Google and other companies have held talks with Twitter over a possible acquisition of the micro-blogging service, pushing its estimated value as high as $US10 billion, according to a report in The Wall Street Journal.
Chinese PC maker Lenovo has broken ground on a new operations center in southwestern China that will produce computers, as well as bolster the company's research efforts in mobile Internet.
If carriers were like sports teams, Verizon could be described as having a lot of momentum heading into its iPhone showdown with AT&T.
Orange is negotiating to buy almost half of French online video site Dailymotion, a competitor to YouTube. The French network operator hopes to improve the content it offers its mobile and fixed broadband customers, it said on Tuesday.
Vodafone has given the green light to Indian joint venture partner Essar Group to conduct an IPO (initial public offering) of Vodafone Essar if desired.
Cisco has invested in Tilera, a developer of multicore processors for cloud computing and communications, as part of the chip maker's $45 million round announced this week.