Bloomberg is reporting that the recently popularized Kunming-area fake Apple store is being investigated by Chinese authorities and it, along with another store, has been ordered to shut down. The owners of said stores, including one Yu Cheng (who claims he’s doing Apple a favor), have been trying to become official, authorized retailers for...
Daily Archives: July 25, 2011
An Awesome Map Of Yelp’s First 20 Million Reviews
Yelp posted this infographic on July 17 in celebration of its first 20 million reviews (via Paul Kedrosky). The map shows how reviews were spread around the country. Bi-Rite Cremery in San Francisco is the most reviewed at 1,837. Note also the impressive growth in users and reviews. Click for larger...
Think Your Startup Has It Hard? This Guy Built A Big Startup In… Pakistan
Image: AP Monis Rahman probably has more entrepreneurial toughing-it-out stories than most startup entrepreneurs, and that’s because he built his startup from Pakistan. Rozee.pk is now the biggest jobs site in Pakistan, a success story highlighted by Forbes. Rahman, who worked in Silicon Valley before moving back to Pakistan because it was cheaper to...
Google is learning lessons from Google+ ‘fake names’ debacle
Over the weekend, Google caused a stir by purging Google+ of a large number of accounts it deemed did not use real names. As ZDnet reported, users were being stripped not only of their Google+ accounts, but their entire Google accounts – Gmail, Docs, Blogger and everything else. While some users like to use fake...
CHA-CHING! Airbnb Officially Raises $112 Million
Image: Airbnb Airbnb has officially announced its Series B fundraising, which totals $112 million and comes from Andreessen Horowitz, DST Global and General Catalyst. There had been reports since may that Airbnb was raising a huge round at a $1 billion valuation. Airbnb is a sort of “eBay for space”: it lets anyone rent...
AirBnB gets $112 million in new investment
AirBnB, a San Francisco-based person-to-person room, apartment and house rental startup has raised $112 million in Series B funding from a group of investors including Russian Internet investor DST Global, General Catalyst and Andreessen Horowitz. Though three years old, the company has raised about $120 million. AirBnB Andreessen Horowitz partner Jeff Jordan who till recently was the chief executive officer of...