Nightly March 31

  1. Ailbaba: Chinese e-commerce firm Alibaba expands to offline retailing. The company has spent $692 million for 10 percent in Intime Retail Group Co which owns department stores and supermarkets.
  2. App: Interesting figures about the growth of in-app ads. Although there are fewer developers willing to choose ad-based revenue, IDC forecasts that mobile in-app ad revenue will surpass PC display ad revenue by 2017. Of course, Freemium is still king.
  3. Climate: The most comprehensive UN report to date warns that the impacts of global warming are likely to be severe, pervasive and irreversible . Here’s a quote from Intergovernmental Panel on Climate Change (IPCC) Chairman: “Nobody on this planet is going to be untouched by the impacts of climate change.
  4. Facebook: Tech companies have a unique corporate governance structure. They have “dual class , Class A and Class B. Class B share gets ten votes for every one vote given to Class A share. Facebook’s Zuckerberg owns quite a big chunk of Class B shares so basically he can spend money like water, which explains the $19B and $2B deals within a week.
  5. Google: Google has updated its Play Store developer policy and they are more putting more efforts to clamp down “scammy” apps.
  6. Microsoft: Microsoft has removed six ‘fake google apps from its Windows Phone Store. The question is How did the apps get through the approval process? 7.
  7. Xiaomi: The Xiaomi Redmi Note sold 100,000 units of the device in only 34 minutes. With specs similar to Samsung Galaxy Note 3 at a price of $161. I want one myself. 8.
  8. Blog: Someone wrote that you should not launch a mobile app just because you can, I think the author got it wrong. I think you should launch a mobile app because you can. What do you think?