News Byte
Tricia Duryee in Commerce on September 27, 2011 at 8:00 am PT
Istanbul’s Peak Games has raised $11.5 million more in capital to continue to build social games targeting emerging markets, such as Turkey, the Middle East, South America and Mexico. Investors in the round include Earlybird Venture Capital and Hummingbird Ventures. The capital will be used to enter new markets, for game studio acquisitions — including the recent purchases of Umaykut and Erlikhan — and to hire more employees.
Tricia Duryee in Commerce on August 23, 2011 at 3:57 pm PT
As the largest maker of cash registers and other payment processing devices, VeriFone is willing to spend up to $1 billion a year on acquisitions to stay on top.
John Paczkowski in Mobile on August 23, 2011 at 7:59 am PT
A new report claims Apple has developed a budget-friendly eight gigabyte iPhone 4.
Arik Hesseldahl in News on July 20, 2011 at 5:27 pm PT
When it comes to the PC market research, firms see business growing a lot more slowly than Intel does.
Loretta Chao, Reporter, The Wall Street Journal in News on February 17, 2011 at 9:33 am PT
China’s Lenovo Group Ltd., announcing its largest profit in two-and-a-half years, said Thursday it is making strong market-share gains in emerging markets, including China–which it forecasts will “soon” become the world’s top personal-computer market.
Ina Fried in Mobile on January 20, 2011 at 2:40 pm PT
While abdicating the Google throne is certainly the big news from Eric Schmidt on Thursday, I’m also intrigued by some comments the outgoing Google chief had to say in a recent guest article for Harvard Business Review. In the piece, Schmidt talks about how mobile stuff is perhaps the biggest thing at Google for 2011, saying the company needed to push for faster networks, better mobile payment options and do its part to help deliver inexpensive smartphones for the developing world.
Ina Fried in Mobile on January 10, 2011 at 10:35 am PT
Digicel has been given a $2.5 million grant for being the first company to establish mobile banking in Haiti.
It’s part of $10 million in funding established to boost cellphone-based savings in the impoverished and quake-stricken country. Even before the quake, only one in 10 Haitians had access to traditional banking services.
Loretta Chao, Reporter, The Wall Street Journal in News on December 27, 2010 at 12:37 pm PT
Lenovo Group Ltd. is notching gains in emerging markets, picking up market share in such places as Russia and India, where the Chinese company can use experience gained at home to woo lower-income customers.
Paul Glader, Reporter, The Wall Street Journal in News on August 30, 2010 at 7:24 am PT
When Philips Electronics NV Chief Executive Gerard Kleisterlee retires next year from the electronics conglomerate he has led for a decade, he will leave a company that is increasingly focused on emerging markets.
Mr. Kleisterlee, 63 years old, has pushed the company to get growth from developing markets, especially China and Latin America, where health care, lighting and consumer products are gaining momentum.
