Asia
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Xiaomi Announces The Redmi 2, An Improved Version Of Its Sub-$150 Smartphone
Xiaomi announced today that it sold over 60 million smartphones in 2014 but it didn’t stop there after it unveiled its newest entry-level phone: the Redmi 2. Xiaomi Confirms It Sold 61M Phones In 2014, Has Plans To Expand To More Countries
Xiaomi, the Chinese smartphone maker that raised $1.1 billion last month, has confirmed that it sold 61.12 million smartphones last year, bringing in an apparent 74.3 billion CNY ($12 billion) in revenue in the process. OnePlus Allowed To Resume Sales In India After Court Order
Earlier this month, Chinese smartphone maker OnePlus stopped sales in India after a New Delhi court upheld a complaint by rival Micromax. Now the ban has been lifted and OnePlus will be able to start importing and selling devices again. Social Cloud Storage Platform Hive.im Raises $500,000 In Seed Funding
The cloud storage business is already crowded, with leading competitors including Dropbox, Google Drive, iCloud, Box, and OneDrive. Hive.im, which just came out of beta, is one of the latest entrants in the space, but it hopes to stand out by turning cloud storage into a social experience. Read More
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Mobile Commerce Consolidation As Mozido Takes Majority Stake In CorFire
Just days after Dutch digital commerce provider Adyen announced a $250 million round of funding, another heavily capitalised player in the space has made an acquisition to up its game. Mozido, a mobile commerce specialist that raised $185 million in October 2014 after raising $103 million in May, has taken a majority stake in CorFire, another mobile commerce startup that focuses on… Read More
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Nokia’s Here Will Power Maps For Baidu Outside China To Cater To China’s ‘Globetrotters’
Search giant Baidu has made no secret of its ambitions to expand its business outside of China by way of mobile services. Now it’s struck a deal with Nokia that could help it with that by serving domestic users abroad. Nokia’s mapping and navigation business Here says that it will now power maps for Baidu outside of China, specifically aiming the service at the large number… Read More
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Jolla Bags $12.4M Series B From Europe And Asia For Its Sailfish Mobile OS
Buoyed by a successful crowdfunding campaign to build an open source tablet running its Sailfish OS, Finnish mobile startup Jolla has also announced the closure of a Series B funding round. Kamcord Raises $15M As It Ramps Up Its Expansion In Asia
Mobile video game recording service Kamcord has raised a $15 million Series B round of funding from GungHo, Tencent, Wargaming, and several other investors. This follows a $7.1 million Series A in May of this year, and precedes a major expansion in Asia planned for next year. Read More
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Chinese phone company Xiaomi has said it is ready to talk to Ericsson to overcome a temporary ban that was slapped on its smartphone business in India. 
Another day, another funding from SoftBank. This time the corporation, one of Japan’s leading telecoms, has invested $7 million in Altaeros Energies, which is based at the Massachusetts Institute of Technology and makes airborne wind turbines.