Trading under the ticker WB, the Chinese microblogging service cuts its shares offer to 16.8 million at US$17 each, due to concerns over slowing user growth and slowing U.S. IPO market.
By The Way
Eileen Yu checks out industry developments across the Asia-Pacific region, discussing their relevance to the global tech business landscape.
Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently based in Singapore, she has over 16 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.
India's largest outsourcing vendor, Tata Consultancy Services expects robust growth for the year fueled by more outsourcing activities, even as it rounds up its fourth quarter with a 51 percent climb in profits.
Virtualization vendor says it will invest up to US$500 million over the next three years to support its expanding operations in the Indian market, which is second in size and scale to its global headquarters.
Governments should adopt a light touch approach in regulating virtual currencies and instead allow technology to help protect consumer interests, says Singapore-based Bitcoin broker, Coin Republic.
Virtualization vendor's ambition to offer the tools needed in a mobile-cloud era, spanning from the network to the desktop, evokes memories of Sun Microsystems' failed "The Network is The Computer" campaign.
Ministry of Science, ICT and Future Planning has completed development work on a new security feature, called Kill Switch, which it wants to make available in all smartphones sold in the country.
Country's Ministry of Industry and IT plans to allow private companies to invest in the country's broadband market, as part of efforts to quicken the liberalization of the sector.
Kingsoft Cloud Group officially launches its full suite of cloud services including hosting, storage, and developer database, and hopes its links with security and smart devices will give the company a competitive advantage.
Singapore telco launches Crowdtivate website that provides a platform for entrepreneurs in the country and region to campaign for funds and other related support to kickstart their ideas.
It does apparently to the U.S. government, which reportedly will be scrutinizing Lenovo's move to buy IBM's server business to ensure it doesn't lead to a backdoor access to U.S. national secrets and infrastructure.