Groupon May Invest in Chinese Competitor at Billion-Dollar Valuation

Groupon, which is still trying to figure out how to break into China, is close to investing in one of the largest group-buying sites there, we have learned.

Former Google China Head–and Now Start-up Whisperer–Kai-Fu Lee Talks Innovation (Works)

Last Friday, former Google China head Kai-Fu Lee dialed up BoomTown from that country for a chit-chat interview about his life since leaving the search giant one year ago and plunging into the world of incubation, recruiting and early-stage funding for start-ups there. Being president of Google’s China operations is far different from being CEO of Innovation Works, which just celebrated its first anniversary and, of course, is trying to create the next Google.

To Kai-Fu Lee, Thanks for Everything

Kai-Fu Lee’s uneventful departure from Google to start a Beijing incubator really belies the spectacle that attended the beginning of his tenure at the search giant. Lee’s train-hopping from Microsoft to Google back in 2005 touched off a five-month pitched battle marked by all manner of inanities and expletive-laden outbursts.
kaifulee

Weekend Update: 9.5.2009–One for the Kids

The week that took us from August to September was one for the books over at BoomTown, especially if you’re 12. Kara spent Monday morning at Activision Blizzard, where they are pushing forward with the entire Guitar Hero line, even as the game industry faces a nearly 50 percent decline in U.S. sales this year. Kara got to play hero to several of the forthcoming releases, including previewing the much anticipated DJ Hero console.
DJcat

Google Swaps Out China Bosses

Kai-Fu Lee, the head of Google’s China operations, is leaving the company this month to start his own company. Lee had a four-year run that began with a bang: Google poached him from Microsoft in 2005, which kicked off a legal battle between the two rivals.