A unit of Chinese e-commerce giant Alibaba Group and fund Yunfeng Capital have jointly announced the setup of a CNY1 billion ($157 million) fund to invest in cloud-computing companies and developers that make applications for a mobile-device operating system from Alibaba. In July, subsidiary Alibaba Cloud Computing unveiled its Aliyun OS, a Linux-based operating system…
Yahoo’s recent management shakeup and the run up in the stock price add to the speculation flying around about a bid for the company by industry titans. The most recent rumors indicate that Google may help finance a possible deal by others to acquire Yahoo. According to the Wall Street Journal, unnamed source familiar with…
The Alibaba Cloud Computing unit of the Alibaba Group Holding Ltd. is soon to come out with its own cloud-operated system for mobile phone gadgets. Alibaba will have it released by the third quarter of this year according to an unofficial source. As other companies are battling for cloud software services for smartphones, they are…