GMO Internet is a classic case of a wildly successful Japanese tech company largely unknown outside the island nation. The online infrastructure company is essentially a one-stop shop for establishing an online presence. Enjoying a market cap of over US$1 billion has made GMO Internet one of the top dogs in Japan’s tech scene but the firm is largely absent from the world stage. Even its strongest overseas acquisition, the security firm GlobalSign, arguably has a stronger individual brand than its powerful parent.
Xiaomi has confirmed it will invest US$300 million in Baidu-backed online video portal iQiyi for an undisclosed stake in the company, according to Techweb. The money is part of Xiaomi founder Lei Jun’s pledged US$1 billion to accelerate content acquisition. Lei’s personal fund also participated in the investment. Last week, the company also revealed it would invest an undisclosed amount into Youku Tudou, another leading video portal in China.
Southeast Asia’s ecommerce scene was rocked yesterday when Naspers, Schibsted Media Group, Telenor Group, and Singapore Press holdings (SPH) put an end to their rivalry, and decided to join forces instead. There are four Asian countries affected by this change: Indonesia, Thailand, the Philippines, and Bangladesh. Brad Porteus, OLX CEO of Southeast Asia, explains to Tech in Asia how OLX’s operations will change in those four countries.
U.K.-based Colt Group announced intent to acquire Japan’s KVH for €130.3 million (about $162 million). KVH expands Colt’s capabilities in key Asian markets and its ability to serve multi-national customers overall. The transaction is subject to shareholder approval. The two companies have complementary businesses with similar technology, platforms, business models, and product sets. Both KVH and Colt are owned by Fidelity Investments, which bailed Colt out in 2001 when the telecom bubble burst.
Software major Infosys is in the race to acquire CIMPA, the engineering services unit of Airbus, people familiar with the development said, making it potentially the first acquisition after Vishal Sikka took charge as CEO over three months back. The deal will help Infosys deepen its presence in the engineering services space, a segment that currently contributes to less than 5% of its revenues. Sources said Infosys could also get a revenue assurance from Airbus as part of the deal.
Lenovo and Google jointly announced that Lenovo formally completed its acquisition of Motorola Mobility from Google, and this now makes Lenovo the third largest smartphone maker in the world. Yang Yuanqing, chairman and chief executive officer of Lenovo Group, said that while enhancing the company position as the third largest smartphone maker in the world, Lenovo will challenge the top two competitors.
Smartphone maker Xiaomi plans to buy a stake in Chinese video portal Youku Tudou. The dollar amount and size of the stake were not disclosed, but the companies said the deal will take place on the open market. Last week, Xiaomi pledged to invest US$1 billion to beef up its video content offerings. The deal with Youku means the two Chinese tech firms will jointly fund the production and distribution of online films and TV shows.
Telstra will acquire Brisbane-based network solutions and information security specialist Bridge Point as part of an ongoing effort to bolster its network applications and services business. The 14 year-old Telstra partner counts 75 employees on its books and services government and enterprise clients including Queensland Health, Transport and Education, as well as Suncorp, Virgin Australia, Tatts Group and BP, according to its website.
Japan’s Softbank plans to acquire Korean TV show portal DramaFever, according to a press release published on Business Wire . The five-year-old startup has raised US$12 million up to this point, some of that coming from YouTube co-founder Steve Chen. The site has a wide range of international TV shows, but is mostly known for its Korean dramas.
Taiwan-listed gaming company XPEC Entertainment plans to invest NTD5.34 billion, which is about CNY1.068 billion, to acquire the entire stake of the mainland mobile game platform Tongbu Technology Limited. According to reports in Taiwanese local media, XPEC will hold a shareholder meeting in November 2014 to discuss the acquisition, which will then be reviewed by the Taiwanese government. The deal is expected to be closed in the first half of 2015.
Red-hot Chinese startup Xiaomi has long since ventured out from its initially territory of smartphones, getting involved in everything from blood pressure monitors to game controllers – and that’s just in the past few weeks! But according to a Tencent Tech report , the company is also expanding into the world of GPS and mapping via a planned investment in Careland.
China Huaxin Post & Telecommunication Economy Development Center formally announced that the company has completed the acquisition of Alcatel-Lucent Enterprise, a subsidiary of Alcatel-Lucent. China Huaxin and Alcatel-Lucent have jointly established a controlling company, which will be responsible for the global operation of Alcatel-Lucent’s enterprise business. China Huaxin holds a 85% stake in the joint venture, while Alcatel-Lucent owns the remaining 15% stake.
DeNA added new punch to its business today, announcing acquisitions of Iemo and Peroli . Total cost was not disclosed but a DeNA representative confirmed to Tech in Asia that the two deals are worth US$50 million. Both are news curation services. Iemo is focused on home-design whereas Peroli’s key product, Mery , targets ladies fashion. “[This is] part of DeNA’s previously-announced strategy to bring digital innovation to offline industries,” a company spokesperson told Tech in Asia.
Chinese telecom device maker Huawei acquired Neul, a Britain-headquartered Internet of Things technology provider, for USD25 million. As a company focusing on the research and development of Internet of Things technologies and products, Neul is known for its “Weightless” platform, which offers super-low energy consumption air interfaces for products like smart testers and street lights. It is a new wide-area wireless networking technology designed specifically for the Internet of Things, achieving coverage, battery life, module cost and efficiency goals that far out-reach today’s GPRS, 3G, CDMA and LTE WAN solutions.
BANGALORE: Yahoo confirmed on Monday that it has purchased Bookpad, an Indian document viewing tech startup, in a bid to bolster its email service. The US internet giant didn’t disclose the purchase price, but two people with direct knowledge of the development said it paid around Rs 50 crore ($8.3 million) for Bookpad. “We have acquired Bookpad, the company behind the Docspad product,” said a Yahoo spokeswoman in response to a query from ET.
Just days after business intelligence provider Nielsen (NYSE:NLSN) acquired Indicus Analytics, another Indian startup got netted by a global company. Yahoo has bought one-year-old Bookpad, which built an end-to-end document handling technology for the cloud, for about US$15 million (INR 90 crore) The Times of India reported. It is the first Indian tech startup acquisition by the internet giant.
BANGALORE: Bangalore-based Bookpad has become the first Indian tech startup to be bought by Yahoo, going from creation to acquisition in just one year. The deal comes some eight months after Facebook snapped up Bangalore’s Little Eye Labs. The US internet giant, which is in line to reap about $9.5 billion (Rs57,000 crore) from Alibaba’s initial public offering, has bought the firm in a deal worth around Rs50 crore ($ 8.3 million), according two people with direct knowledge of the development.
At a press conference in Tokyo today, Hiroshi Mikitani, founder and CEO of Rakuten, Inc. (TYO:4755 ), confirmed reports that his company will acquire American online coupon firm Ebates . The ticker price comes in at JPY 105 billion (US$1 billion). Founded in 1998, Ebates offers coupons or cash-back incentives to drive online shopping. Stores register on Ebates and post coupon codes or cash-back terms. Shoppers registered at Ebates can then copy the coupon link, click on the product they want to buy, and make the purchase. For cash-back offers, Ebates will send the user a check four times a year or more.
Leading Japanese ecommerce firm Rakuten (TYO:4755 ) released a statement today admitting the company’s involvement in an acquisition bid for American online coupon firm Ebates . This comes after Nikkei reported on Saturday morning that Rakuten had nearly finalized a deal worth over JPY 100 billion (US$951 million). Ebates offers coupons or cash-back incentives to drive online shopping. Stores register on Ebates and post coupon codes or cash-back terms.