Facebook Sets Price in $104B Flotation
Facebook has priced its shares ahead of one of the most eagerly-anticipated share flotations in recent stock market history. The social network said on Thursday that it valued shares at US$ 38 each, and…
HTC Shares Slide as Patent Dispute Delays US Shipments
A ban on the sale of any HTC phones in the US that use an Apple-patented technology has contributed to the decline in HTC share prices.
Facebook’s Saverin Renounces US Citizenship Ahead of Facebook IPO, Will be Based in Singapore
Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship to save on taxes, and will be based in Singapore to focus on Asian investments.
Chinese Social Network Renren Sees Losses Increase
The Chinese social networking site Renren has reported wider losses for the first three months of the year, partly due to weak advertising revenues.
Micron in Talks to Acquire Japanese Chipmaker Elpida
U.S. chipmaker Micron Technology is in talks to acquire Elpida Memory, which earlier this year filed for Japan’s largest-ever manufacturing bankruptcy.
Singapore-Based Eco-Business to Relaunch with Focus on Giving Green-Friendly Businesses a Publishing Platform
Singapore-based green business news site EcoBusiness will relaunch its website with focus on giving businesses a platform for sharing updates.
Kickstarter Project ‘Scam’ Raises Questions on Crowdsourcing Funds for Startups
The discovery of a fraudulent project on Kickstarter raises questions on the wisdom behind crowdsourcing of startup funding.
Wipro Profit Up 8%, Growth Outlook Muted
Wipro’s quarterly profit rose 8 percent, but the Indian outsourcing company forecast muted growth, sending the stock into a nosedive Wednesday.
Google Drive Blocked in China, Local Cloud Services Prevail
China is blocking Google Drive, which lets alternative services like Baidu’s Wangpan dominate the market, as with other social netwokring services.
Baidu Q1 2012 Profits Rise, But Revenue Outlook for Next Quarter Disappointing
Baidu reports a profit growth for Q1 2012, but expected revenue for the next quarter might fall below earlier estimates.







![Growth of Social Networks in Asia [Infographic] Growth of Social Networks in Asia [Infographic]](http://www.techwireasia.com/wp-content/uploads/2012/02/facebook-040212-50x50.jpg)
