News Byte

LivingSocial Expands Internationally With Acquisitions in Asia, Middle East

LivingSocial, the second-largest deals provider after Groupon, is now in 21 countries after making three acquisitions. Terms of the deals were not disclosed. LivingSocial acquired Ensogo, which operates sites in Thailand and the Philippines; DealKeren, an Ensogo company based in Indonesia; and GoNabit, which operates in the United Arab Emirates. LivingSocial also has introduced deals in the Netherlands. Groupon operates in at least 43 countries.

News Byte

IPad 2 Hits Japan, India, Hong Kong Friday

The iPad 2 has a new Japanese launch date: Friday. Apple originally gave the iPad 2 a street date of March 25 in Japan, but canceled it after the devastating earthquake and tsunami that savaged the country. Today it said it’s added Japan to the second wave of international iPad 2 launches which includes Hong Kong, India, Israel, Korea, Macau, Malaysia, the Philippines, Singapore, South Africa, Turkey, and the United Arab Emirates.

Bubbly "Voice Twitter" Service Launches in the Philippines

I last wrote about Bubble Motion, provider of the Bubbly mobile messaging service, exactly a year ago. At the time, the company had 150,000 users. Today, it has more than seven million.

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.

Groupon Poised to Strike Partnership With China's Tencent, in Key Global Expansion Move

Groupon is in talks with Chinese Internet giant Tencent to form a partnership to accelerate its effort in the critical Asian arena, said several sources with knowledge of the situation. Terms of the deal are unclear, but sources said that it is likely to involve some sort of co-branded joint venture effort between the two–a key strategic move for Groupon, given the hard-to-penetrate-if-you’re-not-Chinese Chinese market.

Exclusive: Kakai, Stealthy No More–It's a Kindle for Students and Much More

Founded last May, Kakai is one of the start-ups in Silicon Valley in the deepest of stealth modes, despite a panoply of high-profile players involved. But while reports have been sketchy, BoomTown has found out exactly what Kakai is up to. In simplest terms, it’s essentially a Kindle for students.

Voices

SunPower Finds Accounting Errors; May Restate; Launches Probe; Stock Slides

SunPower this afternoon said a review of its Philippine manufacturing operations found the company may have made “unsubstantiated accounting entries” in the first three quarters of 2009, some of them relating to 2008. The company said its Audit Committee is investigating the matter.

The Anchor Found Near the Cut Google Cable–It's From the S.S. Ballmer, Sir, Redux

Who would have thought that a search company that began as a Ph.D. research project back in 1996 would someday become of a behemoth of such bandwidth-consuming appetite that it would require its own high-bandwidth undersea communications cables? Earlier this year, Google revealed that it had joined a six-company consortium to build a new multi-terabit undersea cable linking the U.S. and Japan. And now it appears the company is planning at least two more.

The Anchor Found Near the Cut Google Cable–It’s From the S.S. Ballmer, Sir, Redux

Who would have thought that a search company that began as a Ph.D. research project back in 1996 would someday become of a behemoth of such bandwidth-consuming appetite that it would require its own high-bandwidth undersea communications cables? Earlier this year, Google revealed that it had joined a six-company consortium to build a new multi-terabit undersea cable linking the U.S. and Japan. And now it appears the company is planning at least two more.