Baidu, the leading search engine in China, accounted for 77.6 percent of the total search market revenue in Q1, a whopping $382 million. Google, in second place, took 19.7 percent, at $97 million.
Following Senator Dick Durbin's letter to Baidu last week expressing his concerns about censorship in China, the US State Department has announced plans to set aside $19 million to fight internet censorship overseas.
in the area of brand value growth we were surprised to see Chinese search company Baidu take second place overall with 141% growth, while Facebook was way ahead of the pack at 246%. Baidu now becomes the 29th most valued brand with a $22.56 billion value, up from 75th position in 2009.
Chinese internet giant Tencent has bought 27.8 million shares (amounting to a 4.6% stake) in TV producer Huayi Brothers Media for around 450 million RMB ($69.2 million).
China's most popular dating website, Jiayuan.com, is set to IPO tomorrow. It's a free service, but users can opt for paid accounts if they want access to premium services.
Rumors have been swirling since February about Alibaba acquiring traffic stats company CNZZ. This evening a spokeswoman from Alibaba Group confirmed with us that this is now indeed a done deal.
Instead of creating a brand new group-buying site, Singapore-based online news media, AsiaOne announced its partnership with Outlet.com.sg to syndicate its group-buy offers on its site.
We reported on Indonesian telco XL Axiata launching its BlackBerry data roaming service a few days back. Now Telkomsel, one of its biggest rivals is jumping in with a competitive plan as well, providing BlackBerry flat data roaming service to its customers.
China has approved something called the 'Development Plan for the Zhongguancun National Innovation Demonstration Zone (2011-2020).' This plan aims to boost Zhongguancun's total revenue to 10 trillion RMB ($1.54 trillion) by 2020, which would be an 85% improvement on the 1.55 trillion RMB ($239 billion) from last year.
Livlis allows users to understand who exactly they're dealing with through Twitter social graph; A huge plus when engaging in activities like e-commerce.
Despite the fact that Indonesia is a country with high use of social media and technology, there are still some regions in the country that lack computer literacy. To remedy this, a social program called Computers For Indonesia (or simply called Comp4id) are giving away old computers for schools in small towns. On Saturday May 7th the "1st Impact Day" event was held, and ten used computer units were donated to SMK PGRI Jatinangor (a vocational high school) in Bandung, Indonesia.