Alibaba Invests $4 Billion and May Surpass Walmart in Sales

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Alibaba Group and its financing partners plan to invest 30 billion yuan ($4.5 billion USD) to build warehouses across China. The reason? Alibaba wants to meet a 10-year goal of delivering any online order in China within eight hours. It’s an ambitious goal. The warehouses will occupy 3 million square meters (560 American football fields) […] Related posts: Phishing websites …

The Social Network Wins 4 Golden Globes

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The Golden Globes were last night, and The Social Network (the movie about the founding of Facebook), did pretty well, as expected. The film was nominated for six awards, and won four.  Director David Fincher (whose work also includes Seven and Fight Club) won Best Director. Aaron Sorkin (of A Few Good Men and West Wing fame) won Best Screenplay. …

Farm Bureau Hints Facebook Paid $8.5M For FB.com

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Farmers and ranchers with ties to the American Farm Bureau Federation may want to call the nonprofit and see if it happens to be doing anything special.  Farm Bureau should have more than a few dollars to spare, since it turns out the sale of FB.com to Facebook probably netted it around $8.5 million. As you might remember, the transaction …

There are 300,000 Facebook users in China but they still prefer Renren

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Facebook is blocked in China but that didn’t stop them from using Facebook, even though it is just a small group on it. There are a total of 295,400 people using Facebook in China, according to Facebook statistics. In other words, 7 out of every 10,000 Chinese online users are on the world’s largest social […] Related posts: Facebook, RenRen …

Singapore start-up raises $1 million and heads to U.S

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2359 Media, a Singapore-based mobile marketing provider, told Penn Olson that it has just ended its Series-A investment round with an investment sum of SGD $1 million (USD $770,000). The newly injected fund will be used for expansion to the U.S market. SingTel Innov8, a wholly-owned subsidiary of the SingTel Group, led the round, making […] Related posts: Singapore Tech …

China Police Tweets with the Public

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We have a list of 18 really interesting ways people are using Twitter and that includes stopping bicycle thieves in Boston. We’re seeing a similar use in China’s micro-blog, Sina Weibo (????). The police department in Beijing has found micro-blogging a useful way to connect with the public. Peace Beijing (????) is the official Sina Weibo micro-blog account […] Related posts: …

Financial Times Wins: Steve Jobs is the Person of the Year

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Who is the Person of the Year 2010? TIME named Mark Zuckerberg while the Financial Times gave the honor to Steve Jobs. We were curious and threw the question to our readers (you). After 5 days and 300 votes, the winner clearly emerged. Mark Zuckerberg’s 500 million connections and his accomplishments with Facebook are impressive. But […] Related posts: Person …

17 Reviews on Technology, Business and Media in 2010

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The last of day of the year never fails to keep me reflecting how time has passed. Our team has covered numerous year-in-reviews and ‘best-of the year’ as 2010 slowly fades away. This post will summarize and consolidate what were shared. We have also grouped these reviews under three category: (1) Technology, (2) Business and (3) Media. Technology #1. Top […] …

Facebook Named Most Searched-For, Most Visited Site Of 2010

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Earlier this month, Time magazine named Mark Zuckerberg "Person of the Year," and now, although Experian Hitwise isn’t in the business of handing out such titles, it looks like Zuckerberg’s site has become the online equivalent.  Experian Hitwise announced late yesterday that Facebook was both the most visited site and most searched-for term of 2010. The information services firm explained …

Facebook wants to Dominate Russia and then China

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When the social network map was presented, there are two big pieces, which aren’t colored blue: Russia and China. Both countries have proved to be tough markets for western companies such as Google and Twitter but Facebook is determined to solve the riddle. Facebook officially launched its Russian site in April this year and is currently […] Related posts: Facebook …

The WikiLeaks Story… So Far [INFOGRAPHIC]

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Besides Steve Jobs and Mark Zuckerberg, Julian Assange is another ‘Person of the Year‘ frequently named by our readers. In fact, he is readers’ choice for Time’s magazine Person of the Year 2010. 2010 has been an exploding year for Assange and WikiLeaks. Almost every day we are hearing news about WikiLeaks. From whistleblowing, boycotts from Paypal […] Related posts: The …

Facebook in 2010 [INFOGRAPHIC]

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It has been an incredible year for Mark Zuckerberg and Facebook. The Facebook head was recently named as TIME’s Person of the Year and received admiration for his generous donations to good causes. His Facebook Empire has also grown at break neck speed. To celebrate a great year for Facebook, Flowtown has captured the social network’s […] Related posts: Facebook …

Person of the Year: Steve Jobs or Mark Zuckerberg? [POLL]

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Steve Job or Mark Zuckerberg? Read on before taking our one-question poll. TIME named Mark Zuckerberg as the Person of the Year 2010. The magazine explained, “For connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live […] Related posts: Steve …

Remembering What Facebook Has Done Since the Beginning of 2010

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2010 has been a huge year for Facebook – arguably the company’s biggest yet. CEO Mark Zuckerberg was named Person of the Year by Time magazine, a Hollywood movie about the founding of the company was released in theaters, and attracted a great deal of critical buzz. The company launched the "open graph", possibly the most important feature the company …

Facebook CEO Mark Zuckerberg Visits China

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Every business wants a piece of China. Now, Facebook has made its move as CEO Mark Zuckerberg toured the offices of China’s top search engine, Baidu on Monday. This visit again signals Mark Zuckerberg’s intention to establish Facebook in China. The TIME’s 2010 Person of the Year has been studying the Chinese language and its culture. Back […] Related posts: …