Items tagged with Alibaba
When talks broke down between Alibaba Group and Hong Kong regulators last fall, the company decided to try filing for its initial public offering in the US. Today, we can be rest-assured that those aforementioned regulators are now kicking themselves, because Alibaba's entrance on the market is nothing short of spectacular. It's no doubt also eye-opening to those in the US who've never even heard of the company before. Alibaba's 'BABA" ticker was originally priced at $68, but when the day was through, it settled at a staggering $93.89 - 38% higher. The overwhelming support for the stock immediately made company founder Jack Ma the richest man in all of China, with his net worth now being well...
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Sorry Acer, this isn’t about you anymore. Last week, there was a report out of China that Google had forced Acer to cancel the launch of its CloudMobile A800 smartphone running the cloud-based Aliyun OS, threatening to “terminate Android product cooperation and related technical authorization with Acer”. Whatever was happening behind the scenes, the situation definitely made Google look ugly. Google didn’t have much to say about it at first, but Google’s Andy Rubin posted a note on his Google+ page yesterday that reveals something about the search giant’s perspective on things. Rubin (pictured) stated that although the Aliyun OS uses Android’s runtime...
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The best way to beat your competition is to build a better mousetrap (and then market it more aggressively and creatively), but if you have enough clout, sometimes you can also just bully your way through. According to a Reuters report, that’s essentially what Google did to Acer today in China, where Acer was scheduled to unveil the Acer CloudMobile A800 smartphone running the Aliyun OS (a cloud-based mobile operating system developed by China’s Alibaba). Apparently, when the press arrived at the scheduled launch, they were told by Alibaba employees that the event was cancelled. Alibaba Cloud Computing later said in a statement that Acer backed out at the last minute after being pressured...
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