Baidu Embraces ‘Indoor GPS’ Systems Technology

Chinese Internet technology company Baidu, Inc. has stepped into the geolocation technology arena, an emerging technology currently captivating retailers and other industries. The company invested US$10 million last month in Finnish-based mapping service provider IndoorAtlas to develop new GPS systems. IndoorAtlas had already developed computer software that lets a compass in smartphones identify a person’s indoor location using the Earth’s geomagnetic fields, instead of relying on wireless signals.

http://www.chinatopix.com/articles/18809/20141026/baidu-embraces-indoor-gps-systems-technology-indooratlas.htm

Tencent takes 20% stake in China’s Yelp, will add local listings and restaurant reservations to WeChat

Chinese web and social media titan Tencent (HKG:0700) has revealed this afternoon that it has taken a 20 percent stake in Dianping, a Yelp-style local listings portal that also sells daily deals. Tencent hasn’t revealed any financial details. This major deal will see a lot of Dianping content – such as local listings, consumer reviews, daily deals, online restaurant reservations and take-out ordering services – added to Tencent’s two main social networks, WeChat and QQ.

http://www.techinasia.com/tencent-dianping-deal-brings-local-listings-more-content-to-wechat/