By Paul Carsten
BEIJING (Reuters) - Baidu Inc launched on Wednesday a service that helps retailers advertise on the smartphones of nearby users as China's dominant search engine company expands its location-based technology to drive growth.
Baidu currently makes most of its income from desktop-based search advertising and has lagged peers such as Tencent Holdings Ltd in capitalizing on the popularity of mobile internet in China, the world's largest market for smartphones.
SINGAPORE - In 1Q 2014, the worldwide mobile service revenue increased 0.58% year-on-year (YoY) to US$264 billion according to ABI Research, and the aggregate service revenue for 2014 will grow 2.9% YoY to US$1.01 trillion, mainly driven by the robust growth of the mobile Internet market. Proliferating mobile data subscriptions and enhanced network capacity will drive global mobile Internet service revenue to US$456.7 billion by 2019—44.7% of total mobile service revenue.
BEIJING (Reuters) - China's Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the world's biggest personal computer maker is transforming itself into a major player in mobile technology.
Beijing-based Lenovo said on Thursday net income climbed to $214 million in the three months through June from $174 million in the same period a year earlier, the opening quarter of its fiscal year. That was ahead of estimates of $202 million, according to a Thomson Reuters SmartEstimate poll of analysts.
WASHINGTON (Reuters) - Verizon Communication Inc's high speed wireless customers who subscribe to the company's legacy unlimited data plans might experience slower speeds starting Oct. 1, the company said on Friday.
The announcement comes as wireless carriers attempt to shift data-hungry subscribers onto tiered plans, which charge customers for individual data packages.
Verizon will slow services for the top 5 percent of data users who are on unlimited plans in places where the network is experiencing high demand, the company announced on its website.
SAN FRANCISCO (Reuters) - A U.S. consumer lawsuit accusing Google of monopolizing prime real estate on Android smartphones will help mobile rivals like Microsoft make their antitrust case with European regulators should damaging secrets emerge in court.
The suit, filed in California federal court in May by two smartphone consumers, said Google requires handset manufacturers such as Samsung Electronics Co Ltd <005930.KS> to restrict competing apps like Microsoft's Bing search on Android phones, partly by making Google's own apps the default.
(Reuters) - Google Inc <GOOGL.O> <GOOG.O> is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 percent-plus revenue growth.
At least eight brokerages raised their price targets on the stock on Friday by as much as $75, to a high of $745.
Google shares were up 2 percent at $593.37 in early trading on the Nasdaq.
WASHINGTON (Reuters) - A surge in mobile Internet usage has U.S. regulators considering whether to apply the same rules to fixed and wireless Internet traffic, and large technology firms are siding with consumer advocates to call for such a change.
Google Inc said it has acquired Divide, a company whose software allows corporations to manage the personal smartphones that consumers increasingly use on the job.
In a post on Divide's (New York City, NY, USA) website on Monday, the company said it was joining Google's (Mountain View, CA, USA) Android team. The post did not provide financial terms of the deal and a Google spokesman declined to comment on the terms.
Yahoo Japan Corp has dropped its plan to buy mobile network operator eAccess Ltd from SoftBank Corp in a 324 billion yen ($3.2 billion) deal that was part of a reorganization of SoftBank group assets.
Yahoo Japan, the country's biggest Internet portal and 42.6 percent owned by SoftBank, will proceed with a planned low-cost mobile Internet service using the eAccess (Tokyo, Japan) mobile network, SoftBank (Tokyo, Japan) and Yahoo Japan (Tokyo, Japan) said on Monday.