Alibaba is taking a minority stake in China’s largest online video site, Youko Tudou, as it prepares for its own blockbuster initial public offering in the US.
Youko Tudou said on Monday that the Chinese e-commerce group, together with its founder Jack Ma’s Yunfeng Capital, would jointly invest $1.2bn in the video site.
Alibaba will hold 16.5 per cent stake in Youku after the deal, with Yunfeng holding 2 per cent. Read more
Sometimes it pays to be behind the times. Read more
While older industries still struggle with the digital transition, those one step ahead are toiling with the mobile one. Read more
Uber, the ambitious start-up best known for delivering people, now wants to deliver anything that can fit in a rucksack. The private driver and taxi-hailing app will on Tuesday add cycle couriers to its New York fleet with what it calls Uber Rush. Read more
Want to hear a Silicon Valley joke? Two geek billionaires walk into a coffee shop and nobody notices.
There’s no punchline. This actually happened a couple of weeks ago when I was in Mountain View and the co-founders of WhatsApp popped into their local for a brew. Despite being full of start-ups, nobody in the Red Rock Café seemed to recognise the pair who had just sold their app to Facebook for upwards of $16bn.
WhatsApp has almost 500m active users around the world but many in Silicon Valley’s elite only discovered the chat app when Mark Zuckerberg opened his chequebook. It’s entirely possible that, in the past year, more people here have tried Google Glass, the sci-fi headset that most outside Silicon Valley love to hate, than sent a message on WhatsApp. Read more
Samsung Galaxy S5 (Getty)
South Koreans consumers will be able to jump the global queue for Samsung Electronics’ new flagship smartphone, after mobile operators put it on sale two weeks ahead of the official launch date. Read more
Ray-Bans via Instagram
Google has been working hard lately to dampen the constant, rumbling criticism of Glass. First, it issued guidelines on etiquette for its pioneering wearable gadget, warning early adopters: “Don’t be a glasshole.”
Then last week, it decided that the people buying its $1,500 headset weren’t glassholes after all, trying to dispel ten “myths” about the prototype product: Glass really isn’t a “distraction from the real world” or “the perfect surveillance device”, it insisted in a blogpost.
The ground suitably prepared, Google has now made a much more meaningful step towards mainstream acceptance: it is partnering with the maker of Ray-Ban and Oakley frames to make Glass fashionable. Read more
Here are some figures to back up the mad race to monetise mobile by tech giants such as Google and Facebook. Read more
It would be easy to glance at Samsung’s new Milk Music service and dismiss it as another copycat. The personalised internet radio service for Galaxy smartphone owners that launches in the US on Friday is, in essence, pretty similar to Pandora or Apple’s iTunes Radio, which launched last year.
But while maintaining feature parity is an important if unglamorous part of the hypercompetitive smartphone market, Milk does bring something new to Samsung Galaxy: great software design. Read more
In a mobile world where single-serving apps are replacing vast monolithic services, Jawbone on Thursday poured out a shot of Coffee: its new caffeine-consumption tracking app.
The move to a standalone app that does not require its Up wristband to work is a first for Jawbone, which is raising $250m in new funding. It comes as part of a big push by Jawbone to up its game in software and services, as step-counting gadgets fast become a commodity. Read more
It was just a regular Tuesday afternoon in Mountain View’s Red Rock coffee shop: rows of young entrepreneurs sitting behind their MacBook screens, working on what they hope might be the next WhatsApp.
The low-key cafe served as an office for Brian Acton and Jan Koum, WhatsApp’s founders, when they were starting out back in 2009. It was here that Sequoia’s Jim Goetz met them in 2011 before becoming their only venture-capital investor. WhatsApp’s modest, unmarked offices are still just around the corner. Read more
In the canon of Apple top executive departures following the death of Steve Jobs, the retirement of numbers guy Peter Oppenheimer should give the least cause for concern. Read more
Retiring Apple CFO Peter Oppenheimer
There will be a new face in charge of Apple’s balance sheet.
Luca Maestri, currently a corporate controller at the iPhone maker, will be Apple’s next chief financial officer. He succeeds Peter Oppenheimer, who is retiring. Read more
Chris Garidis, 32, one of the pioneers of the FT’s award-winning mobile apps, product manager, squash player, wannabe surfer, and proud father, died on Monday, February 24th in Barcelona, Spain. Chris worked in London but lived in Bath with his wife, Aimi and their 18-month-old daughter Alice.
Chris was an explorer at heart. From cycling into work everyday no matter what the weather, to trekking in Thailand, to climbing Mt. Kilimanjaro to propose to his girlfriend (now wife) – he was always looking for fresh adventures. Read more
Here’s Apple’s play in the world of cars, and it’s called, er, CarPlay. Read more
Is $19bn a lot of money? It certainly sounds like it – that’s what Facebook thought WhatsApp was worth when it scooped up the messaging app on Wednesday.
The fate of social networks depends on being able to turn huge pools of users into a source of cash. So one way to assess whether Mark Zuckerberg got value for money is to look at how much he paid per WhatsApp user compared with the price of each person in other networks: Read more
There’s a hot messaging app with a global following that’s just asking to be acquired.
Whoops, sorry, that was yesterday, but what if we change the name to BBM? Read more
Facebook is paying up to $19bn in cash, stock and earnouts to acquire WhatsApp Messenger, the world’s most popular mobile chat app with more than 450m regular users. Here Tim Bradshaw and Hannah Kuchler brought live reaction and comment from Facebook’s conference call.
Credit to CaixaBank.
While its counterparts still mainly “interface” with customers on-the go through basic ATMs, the Spanish lender has come up with apps for the latest smartwatches and Google Glass. Read more