Roundup: Google invests in China/Tianya, gDrive, Pubmatic and more
Here’s the latest action (updated):
Google buys stake in China’s Tianya, launches two Chinese social sites: Google has invested in Tianya, a Chinese online community of twenty million registered users. A Google spokesperson confirmed the investment with VentureBeat, but didn’t say how much of the company it now owns. Reuters has more. The two companies also announced the joint launch of two services that compete directly against offerings from dominant Chinese search rival, Baidu.
One service, called… Continue Reading
YouTube’s spoils, Yahoo answers, Danger, fuddy US companies & more
The latest roundup of the action happening in Silicon Valley:
First evidence of YouTube wealth — What do you do with your money, when you get it? One way is to spend $20 million to buy Andre Agassi’s Tiburon estate. That’s what Stuart Peterson, of Artis Capital Management, an investor in YouTube, did, as PE Week’s Alex Haislip reports. Or you can invest it into night clubs, as some Web entrepreneurs have done.
Google Answers shuts down, while… Continue Reading