Infosys, Wipro scout to pick up stake in startups, raise investment bankers’ hopes for more deals

BANGALORE| MUMBAI:Vishal Sikka at the helm of Infosy and Rishad Premji as head of strategy at Wipro scouting to pick up stake in startups focused on disruptive technologies have made investment bankers optimistic that country’s moribund outsourcing sector could see more deals in the coming months. However, both foreign and domestic bankers believe that the small acquisitions and partnerships would not be enough and a big buy-out has to be done before the rainmak .

http://economictimes.indiatimes.com/tech/ites/infosys-wipro-scout-to-pick-up-stake-in-startups-raise-investment-bankers-hopes-for-more-deals/articleshow/41386291.cms

Google to launch Campus Seoul, its first hub for startups in East Asia

Startups in South Korea will soon have another ultra-hip hangout spot. Google announced today that it will open Campus Seoul, a space for entrepreneurs, developers, and other members of the startup community to mingle and hold events. According to a post  on Google’s Asia Pacific blog, the space will hold programs including Campus for Moms , a startup school for women with babies, and Campus EDU , which offers workshops and office hours with Google employees.

http://www.techinasia.com/google-to-launch-campus-seoul-its-first-hub-for-startups-in-east-asia/

Microsoft to incubate 10 Indian startups

BANGALORE, INDIA: Global software major Microsoft will incubate 10 early-stage technology startups in cloud computing, Internet and mobile using its Accelerator for Windows Azure programme to help them build businesses, a top official said on Wednesday. “The startups will have access to our resources such as BizSpark programme and $60,000 in Azure credit through BizSpark Plus programme to take advantage of the cloud,” Microsoft India (R&D) Managing Director Amit Chatterjee told reporters here unveiling the programme in the Indian sub-continent.

http://www.ciol.com/ciol/news/45358/microsoft-incubate-indian-startups

Chinese Classified Listings Website Closes USD200 Million Round

Chinese lifestyle information website Ganji.com has gained new investments of USD200 million with investors such as Tiger Fund and Carlyle Group. Yang Haoyong, chief executive officer of Ganji.com, revealed that the company plans to launch its initial public offering in June 2015. Yang said Ganji.com will “not be listed with the second position” and the company aims at three firsts. It eyes the first position for operating revenue in the classified information industry in China; the first position for mobility in the classified information industry; and the first in the recruitment industry.

http://www.chinatechnews.com/2014/08/19/20818-chinese-classified-listings-website-closes-usd200-million-round

Baidu Establishes Internet Developer Start-Up Center In Tianjin

Chinese search engine company Baidu announced in Tianjin that the company’s developer start-up center in the city has been formally established. This is Baidu’s newest regional start-up center following those already operational in Chengdu and Xiamen. This new Tianjin Baidu developer start-up center is located in Hongqiao district. With an office area of over 3,000 square meters, it can accommodate more than 20 start-up teams.

http://www.chinatechnews.com/2014/07/28/20756-baidu-establishes-internet-developer-start-up-center-in-tianjin

This cloud-equipped factory wants to be the go-to manufacturer for small hardware startups

When Jen McCabe moved to Shenzhen, China, to help startup Romotive manufacture its Romo robot, she discovered that production is not as simple as showing up to a factory with a product design. “When we went to China we thought that everything would be easier, … that manufacturing was kind of this solved issue,” McCabe said. “We didn’t realize that there are still so many issues with manufacturing overseas. There’s the time difference. There’s the cultural barrier. … There are huge costs that you just don’t account for.”

http://gigaom.com/2014/05/21/this-cloud-equipped-factory-wants-to-be-the-go-to-manufacturer-for-small-hardware-startups/