Tag archive: Li Ka-shing

Nascent online television service Joost has raised an additional $45 million from five new investors, including Index Ventures, Sequoia Capital, Hutchison Whampoa chair Li Ka-shing, along with current content partners CBS and Viacom. Joost plans to use the money to accellerate its expansion and service offerings, develop localizations, and speed product development. “This funding represents a tremendous vote of confidence in… Read More

Online auction juggernaut eBay has announced (PDF) it is repositioning itself in the Chinese market, rolling its operations into a minority stake with a new partnership with Tom Online, an Internet and wireless company controlled by Hong Kong entrepreneur Li Ka-shing. The move marks a major repositioning for the company, which has previously heavily invested in creating a Chinese version of its auction business, only to see its grand hopes… Read More

Motorola, the world's second-largest cell phone maker behind Finland's Nokia , said the V295 phone was not needed and demand would be met in China by two other camera models it already offers, the A760 and E365. “We killed the program,” Motorola spokesman Alan Buddendeck told Reuters. “Any company, you make strategic decisions about how you're going to manage the products you bring to market.”… Read More