Chinese search giant Baidu reported a 34 percent jump in profit for the second quarter, with mobile ad sales accounting for almost a third of revenue for the first time. Baidu’s profit reached 3.5 billion yuan (US$571 million) for the quarter, while revenue soared 59 percent to 12 billion yuan, at the upper end of its forecast. Mobile made up 30 percent of revenue, which was a first for the company, CEO Robin Li said in a statement. A day earlier, Facebook said it more than doubled its profit in the second quarter, with mobile a big factor.
On July 22, the Xiaomi Mi3 smartphone went on sale on the website of India’s largest online retailer, Flipkart. This was an exclusive launch introducing Xiaomi’s phones to India. Given the marketing bonanza enveloping the launch, a sea of online buyers logged on the site. Buyers started seeing an HTTP Error 503 Service Unavailable response. Amod Malviya, CTO, Flipkart, says the outage wasn’t due to an infrastructure failure. “In fact, we have almost never gone down in the past three years because of that sort of an issue,” he says.
BANGALORE: Mobile connections in India will grow to 815 million in 2014, an 8 percent increase from 755 million connections in 2013, according to Gartner, Inc. The mobile services market in India will remain almost at the same level as 2013 at $19.2 billion in 2014. “The mobile market in India is going through a rough patch, where voice average revenue per user (ARPU) is falling very fast, and the increase in data ARPU is not able to fully compensate for the decline,“ said Neha Gupta, senior research analyst at Gartner.
BANGALORE, INDIA: Mobile connections in India will grow to 815 million in 2014, an 8 percent increase from 755 million connections in 2013, according to Gartner, Inc. The mobile services market in India will remain almost at the same level as 2013 at $19.2 billion in 2014. “The mobile market in India is going through a rough patch, where voice average revenue per user (ARPU) is falling very fast, and the increase in data ARPU is not able to fully compensate for the decline,” said Neha Gupta, senior research analyst at Gartner.
SHANGHAI, July 25 — Displaying its smart glasses for the first time in prototype form in its native China yesterday, the company is hoping to attract developers’ and manufacturers’ attention ahead of an official launch in October. Lenovo wants to make its take on smart glasses, called the C1, the central hub of the connected home or office of tomorrow.
TAIPEI: Taiwan’s Acer Inc saw quarter-on-quarter shipments growth that exceeded the PC industry average in the April-June period, the company’s chief executive said. The beleaguered computer maker, which eked out a net profit in the first quarter after three straight quarters of losses, has turned a corner and will remain “on track” in the third quarter, chief executive Jason Chen told reporters. The comments were reported by Taiwanese media on Friday and confirmed to Reuters by a company representative.
HONG KONG: Fans dressed as Transformers, Iron Man and Jedi knights were among thousands at the first day of Hong Kong’s comic and games expo Friday, where Xbox and PlayStation went head-to-head with their new consoles. The Ani-Com show at the city’s harbourside convention centre is one of the biggest of its kind in Asia and was packed with teenagers, many of them in coloured wigs and costumes mimicking their favourite Japanese comic book heroes.
Baidu (NASDAQ:BIDU), China’s top search engine, released its Q2 earnings report overnight. The financials were dull (see here; PDF), but the conference call with Baidu execs yielded some interesting user numbers and a few new milestones. With a strong focus on mobile – now that China’s mobile internet users outnumber its PC web users – Baidu CEO Robin Li hailed the fact that the company’s “mobile revenue, which is largely comprised of mobile search revenue, accounts for 30 percent of our total revenue.”
While Uber has hit its toughest regulatory road block yet in Seoul, last-mile delivery service Naldo pushes forward with its plan to upend South Korea’s logistics industry. The company last week received an undisclosed series A round from Softbank Ventures Korea and Qualcomm Ventures. Tech in Asia soon after caught up with founder Ludolf Ebner to get the lowdown on his startup.
On the request of MediaTek, Taiwan Semiconductor Manufacturing Company (TSMC) will supply MediaTek with wafer starts 10% more than what the chipset maker expected to receive in the third quarter of 2014, according to industry sources. In view of MediaTek’s growing share in the global entry-level to mid-range smartphone solution market, and the need to maintain a high order visibility at TSMC, the offering of more 28nm production capacity to MediaTek is an important strategy for the Taiwan-based foundry house, said the sources.
Due to oversupply of smartphone components and price-cut pressure from China-based smartphone vendors, many small- to medium-size China-based smartphone component makers are likely to be forced out of the market in the second half of 2014, according to supply chain makers. Demand for low-priced components in China is continuing to increase and makers are seeing increased pressure to find low-cost solutions, which is pushing out makers in the supply chain while others are seeing significant performance declines.
It can be tough getting the attention of airport gate staff. Soon they might have an additional distraction: smartwatches. Japan Airlines (JAL) on Wednesday demonstrated how some of its staff at Haneda airport in Tokyo are using Samsung’s Galaxy Gear 2 to locate and communicate with each other. JAL officials said smartwatches could help improve the efficiency of how and where airport staff are assigned, and improve passenger service. Attendants at two gates in the airport’s Terminal 1 building were sporting the smartwatches during the demonstration, which involved actual flights to domestic cities.
China is leading the world in effective Customer Experience Management (CEM) with 84 percent of the enterprises there having a CEM solution. Following closely behind is the U.S. (73 percent) and India (72 percent). These were some of the findings from a study by business collaboration and communications solutions provider Avaya that surveyed 1,268 businesses, which each had more than 1,500 employees, across 13 countries globally. Besides China, U.S., and India, the survey polled businesses in Singapore, Japan, Australia, Canada, Mexico, Brazil, UK, Germany, Netherlands, and Russia too.
If Tomoko Namba had followed conventional wisdom, DeNA (TYO:2432) would never have existed. She had made partner – only the third Japanese woman ever- at prestigious consulting firm McKinsey and Company after only ten years. Only three short years later, she left that left behind to found her own company. Initially conceived as an online auction service, DeNA struggled to attract users and profits. But in 2009, DeNA started to explore the gaming industry. One year later, titles like Kaito Royale caught fire and its valuation skyrocketed, giving a Namba net worth of nearly a US$1 billion and propelling her to the upper echelons of Japanese society.
More and more money is pouring into funds specifically for Asia-based startups. Today San Diego-based mobile chip manufacturer Qualcomm announced it has established a US$150 million fund for startups based in China (hat-tip The Next Web). Despite being best known as a maker of chips and telecom equipment Qualcomm is no stranger to startup investments. In China, its been actively funding young companies for ten years, and currently boasts companies like phonemaker Xiaomi, mobile app makers Dolphin Browser, and Uber-esque limo-on-demand app Yongche among its roster of investments.
VietNamNet Bridge – A special vessel has entered Vietnam’s territorial waters to fix the broken AAG cable segment from July 26 to July 30, according to the Asia-America Gateway (AAG) sea cable management centre. The repair will be carried out from 3am on July 26 to July 30 in order to resume normal operations of the Vung Tau-Hong Kong internet cable. Vietnamese internet service customers began experiencing disruptions and slower speeds on the evening of July 15 caused by a severed submerged internet cable just off Vung Tau’s coast.
There is an “urgent” need for mobile services in the Australian state government of Victoria according to 89% of IT officials in the region, an exclusive FutureGov survey has found. FutureGov polled the 130 regional CIOs and senior public officials who attended the FutureGov Forum, Victoria last week, and asked them “how important/urgent is your need for mobile solutions?” In response, 59% said “important/urgent” while a further 30% said “very important/urgent”. No-one said that it is “not important at all,” 6% said that it is “not important,” and 3% said that they were “neutral”.
The Australian state of New South Wales (NSW) has signed a deal with Fujitsu to migrate 27,000 email accounts to the cloud, which will improve mobility of on-ground staff serving communities across the state. The Department of Family and Community Services, which supports disadvantaged individuals, families and communities, will migrate its email to Fujitsu’s pay-as-you-go cloud model. This “aligns well with the NSW Government strategy of consuming IT services”, said Albert Olley, Executive Director, Business Services Unit.
Singapore: The Indian government should look at public-private partnership (PPP) to make its Rs.10,000 crore start-up fund a success, says Amit Anand, founding partner of Singapore-based Jungle Ventures, an entrepreneur-backed venture firm focused on funding start-ups in the Asia-Pacific region. In an interview, Anand said India is among the top five start-up ecosystems in the world and despite limitations such as a lack of sufficient funding, the country is on track to produce several $1 billion companies, riding trends such as cloud computing and mobility.
NEW DELHI: India should be more aware of cyber security threats and the time to act in this regard is now, an Israeli security solutions firm has said even as it averred that the two countries have many common “opponents”. “I believe India should be more aware of cyber threats. I am sure that once India will be aware of cyber threats, the necessary steps would be taken,” Zori Kor, vice president of Israeli firm ASERO Worldwide, said here.