Thursday 30 January 2014

China, The year of horse: reform and risk

Chinese people prefer a tone of optimism during Spring Festival, China's celebration of lunar New Year, but the year of horse, off and running on Friday, is kicking up some dust.
In the 12-year cycle of the Chinese zodiac, the horse symbolizes courage and strength, persistence and hardship. The horse has been the anchor of people's endeavors to surpass their physical limitations since ancient agrarian times.
This year is also known as "Jiawu" according to a traditional Chinese system, with 10 heavenly stems are used as serial numbers in combination with 12 earthly branches designating years, months, days and hours. The system is believed to have been used as early as the Shang Dynasty (17th Century B.C.-11th Century B.C.), the second dynasty of Chinese history.
As the system rules, every 60 years make an era, which is long enough to leave much space for reflection among Chinese, over the centuries.
SHADOW OF THE PAST
Two such cycles ago in the "Jiawu" of 1894, the first Sino-Japanese war broke out. The Japanese navy defeated the fleet of the Qing Dynasty (1644-1911). It was the first time that China had lost to Japan in a military conflict.
The Qing Dynasty not only suffered enormous economic and territorial losses, but missed the chance to modernize itself as the Westernization Movement was halted.
Japan, swamped in an economic recession before the war, had its territorial ambitions fueled by war indemnities from China and occupation of Taiwan, making it the most powerful nation in Asia. And 37 years later, it waged another war on China during WWII.
The 1894 failure triggered a series of patriotic movements competing to restore the Middle Kingdom's glory. Sun Yet-sen, a doctor in his 20s, founded Hsing-chung Hui (Society for Regenerating China) at the end of the year, in Hawaii.
The society, predecessor of the Kuomintang, or Nationalist Party, aimed to overthrow the Qing Dynasty and bringing China back to the path of modernization. In 1894, Mao Zedong was one year old.
When people look back into history, it is no surprise that China and the Republic of Korea (ROK) are revolted by Japanese Prime Minister Shinzo Abe's December visit to the Yasukuni Shrine, and Japan's announcement that teaching manuals for high schools would show Japanese sovereignty over many disputed islands, including China's Diaoyu Islands.
Japan's relations with China and the ROK are tense due to disputes over territorial and historical issues. The history textbook revision is one of many obstacles between Japan and its neighbors, as it demonstrates Japan's attitude towards its aggressive past.
Both born in 1954, another year of "Jiawu", Abe and German Chancellor Angela Merkel represent entirely different attitudes towards their countries' pasts. Germany has won approval from many for the sincerity its leaders have shown, but Japan still has a long way to go.
In the year of horse, Sino-Japanese relationship will require leaders from both sides to demonstrate wisdom and understanding.
CLEAN AIR, CLEAR MINDS
When the International Olympic Committee was formed in Paris in 1894, few Chinese had any idea about what the Olympic Games were all about.
Today, Chinese people understand the Olympic motto, "faster, higher, stronger", chosen by Pierre de Coubertin, founder of the modern Olympic Games.
Host of the 2008 Summer Olympic Games, Beijing announced earlier this month a plan to bid for the 2022 Winter Olympic Games jointly with Zhangjiakou, 120 miles to the northwest of the capital.
The biggest challenge for Beijing might not be the increasing number of snow-free days but the notorious air pollution, product of uncontrolled industrialization.
The world's second largest economy reported 7.7 percent GDP growth in 2013, but growth is flagging and, as labor costs rise, poor natural resources no longer support growth at breakneck pace.
Apart from pollution, a gamut of problems--including irrational development, unbalanced economic structure and the gap between rich and poor--lie in wait.
The solutions require wisdom and determination.
The Chinese Communist Party (CPC) Central Committee has dubbed the 2014 "Jiawu" the first year of New Reform, and plan to release the country's entire potential, economically, socially and ecologically.
While combating all the problems may require teamwork, the latest champion may tell a different story.
Tennis star Li Na defeated Dominika Cibulkova at the Australian Open this weekend, claiming her second Grand Slam title.
Generally regarded as something of a rebel, Li did not thank her home country nor the national team she used to be with when she clinched her first Australian Open title. She was quoted as saying that she plays just for her own entertainment and happiness.
The Internet caught fire with debate about whether China should continue to train athletes following the so-called whole-nation system learnt from Soviet Union, or if Li Na, as an individual professional, is a better example.
"Faster, higher, stronger" may help people understand the truth behind sports, but people cannot expect an immediate answer to the argument. What they can expect is reform.
BY THE PEOPLE, FOR THE PEOPLE
The "Jiawu" of 1954 was the beginning of another cycle in Chinese history, when the National People's Congress (NPC), China's top legislature, held its first plenary session in September and adopted China's first socialist constitution.
Following four amendments to the fourth Constitution passed in 1982, the republic of the proletariate now allows and protects the existence and growth of private companies, as well as property rights of individuals.
Back 60 years ago, these were precisely what the ruling Party set out to constrain. The CPC Central Committee issued a directive in July 1954 to strengthen market management and renovate private business.
In less than six months, the retail sales of private enterprises plunged to 25.6 percent from 57.2 percent (1952) of the country's total. As for the wholesale market, state-owned businesses took over the dominance of private firms.
Today, China's self-employed, private enterprises and other non-public sectors contribute more than half of the tax revenue, more than 60 percent of GDP, and employ more than 80 percent of the workforce.
The latest action the NPC took was to scrap reeducation through labor in December.
The system dealt with minor offenders whose crimes did not warrant full court proceedings and allowed detention of up to four years without trial. In its defence, the system was established in the 1950s when the Communist Party of China was consolidating a new republic and rectifying social order.
SWORDS TO PLOUGHSHARES
In response to the "Mutual Defense Treaty" signed by the United States and Taiwan, China's non-CPC parties and mass organizations made a joint declaration on liberating Taiwan in August 1954. They reaffirmed that no foreign power which dared to stand in the way of the People's Liberation Army in Taiwan--an integral part of Chinese territory--would be tolerated.
The CPC Central Military Commission ordered the bombing of Kinmen one month later. The campaign lasted more than two decades until 1979.
As tension gradually eased across the Taiwan Strait, bloodlines bounced back. In 2008, Taiwan allowed mainland tourists to visit the island in groups. The first individual tourists from the mainland started visiting Taiwan three years later. The first 10 months of 2013 saw 1.8 million visitors from the mainland visit the island, up 12.7 percent.
Cross-strait trade surpassed 180 billion U.S. dollars in the first 11 months of last year, an increase of 18.8 percent.
Today, entering "Kinmen, bomb, knife" into the search box on taobao.com, China's e-bay, one finds nearly 1,000 items claimed to be superb kitchen knives made from high-grade steel from shell cases inherited from decades of bombing.
Even if this can be interpreted as a modern version of "swords to ploughshares", there is still much to do for peace and stability, not only across the Strait, but also in the rest of the world.
The Korean Peninsula's denuclearization remains stagnant. A final settlement of Iran's nuclear issue is yet to be reached. Syrian peace talks in Switzerland have reached deadlock, following a session tackling contentious issues, including the possibility of a transitional government. Antiterrorism maneuvers worldwide are facing challenges.
This year also marks the 100th anniversary of the WWI, one of the most disastrous wars in human history.
In the past century, humankind has been through some of the most significant changes in history, a time when boundaries between the real and cyber worlds have become blurred. Novel technologies including 3-D printing, artificial life, robots and nanotech are reshaping the planet and its inhabitants.
China and other countries are embracing unprecedented opportunities and critical risks.
Source: Xinhua

NoWait, The App That Lets You Join A Restaurant Wait List From Your Phone, Goes Nationwide

Mobile wait listing service for restaurants, NoWait, is now expanding the rollout of itsconsumer-facing mobile app to reach diners nationwide, the company says. The app shows you a list of nearby restaurants, wait times, and distances, and lets you join wait lists from your phone. It first arrived on the market last September serving NoWait’s hometown of Pittsburgh, where in three months’ time it grew from five restaurants to fifty. Over the course of this week, NoWait plans to add a hundred more restaurants to the service across the U.S.
And by year-end, NoWait expects to reach a thousand restaurants, says CEO Ware Sykes. “We’ve been seeding the market for the last two years – we’ll be rolling out to our existing customer base,” he explains.
NoWait’s restaurant partners are those who use the company’s iPad-based host and table management system, a system that replaces and augments traditional restaurant buzzers. Today there are “thousands” of restaurants using the NoWait platform.
NoWaitsuggest-a-restaurantSykes declines to break out how many restaurants are paying for the premium tier of the service, which ranges from $59 to $199 per month, depending on the size and volume of the restaurant. However, the company has several well-known restaurants and chains on board, including Texas Roadhouse, TGI Friday’s, franchises of Chili’s and Buffalo Wild Wings, and it will be rolling out this quarter to On The Border and First Watch.
The company says that its restaurant partners are now seating over 3.1 million diners per month at present, up from 700,000 a year ago. To date, it has sat 30 million diners in total.
Currently, diners receive text messages to alert them that their table is ready, and restaurants can also send out a brief marketing message at that time, too, in order to promote specials or appetizers, for example. In a few weeks, the plan is to introduce a push notifications feature that works with the NoWait consumer app. That way, diners can search for restaurants, add their names to a list, and then receive the alert in one, more seamless experience.
If your preferred restaurant isn’t available, the app will let you vote for it – something which NoWait can later show the restaurants as a part of its sales pitch.
Further down the road, Sykes sees NoWait expanding into other areas, including possibly reservations, or anywhere else where consumers have to wait in line, ranging from hospitals to hotels. “We’re tackling the restaurant industry first – we think we’re making a behavioral change in how people dine out,” Sykes says. “But it’s definitely not outside the realm of possibilities in the future that we would consider [the reservations] market,” he adds.
In the meantime, the updated NoWait consumer apps are available for download here on iTunes and Google Play.
Restaurant seating management and reservations is a crowded market, with others OpenTableNoshListLivebookingsDinerConnectionWaitList ManagerTurnStarTable’s ReadyNexTable, and more competing in the same general space. But there has been some consolidation here recently with BuzzTable selling to POS maker Leapset and OpenTable’s acquisition of Quickcue. That could be good for NoWait, as it turns out.
Source: TechCrunch

Evernote Rolls Out New, More Customizable iPhone & iPad Apps With Better Sync, Speed & Hopefully, Fewer Bugs

Evernote’s ongoing plan to improve its technology platform is taking another step forward today with the release of updated apps for iPhone and iPad. The new apps are promised to be faster, easier to use and more customizable, with homescreens you can adjust to fit your needs, better business card scanning, bug fixes and more.
The company has been struggling with glitches and bugs related to slipping software development – something which CEO Phil Libin admitted to following a scathing, but accurate, post by former TechCrunch writer Jason Kincaid. Since then, Evernote has been publicly working to address not only the problems themselves, but also the perception that the company’s software has become unreliable.
Evernote actually started rolling out fixes yesterday, with an update to its synchronization platform that’s now four times faster. At the time, the company said that refreshed mobile apps would arrive, too, as well as an API update.
The iOS apps arriving today seem to be taking advantage of the backend improvements, and now include a “sync status” feature that tells you how recently items have been synced. You can also choose to have this button displayed below the Settings gear, for easier viewing, says the company in a blog post detailing the new apps’ feature set.
customizeThe apps are also promised to be faster and more responsive, as you navigate and make changes. Business card scanning has been improved so you can quickly add scanned cards to your device’s contacts – handy, since LinkedIn has practically abandoned itsCardMunch acquisition while focused more heavily on its newer Contacts app. (CardMunch on iOS hasn’t been updated since 2011, and we’ve been hearing rumors of its forthcoming demise).
However, after the upgrade, the most noticeable change you’ll see upon first launch of the new Evernote iOS app is the redesign. Users have been requesting the ability to better customize their Evernote experience, which the updated apps deliver via a new homescreen where you can now show or hide the sections (e.g. notes, tags, notebooks, places, etc.) you want to see, and rearrange their placement on the screen.
You can also turn on or off the ability to show the recently viewed items for your Notes, Notebooks, Shortcuts and Tags sections. And you can change the look-and-feel of the app, by choosing from one of three color themes: light, dark or Evernote’s classic green.
Meanwhile, Evernote’s “New Note” buttons are now at the top of the screen where they’re larger and more easier to tap.
Perhaps more importantly, Evernote promises that bugs have been stomped in this release, including the issue that was corrupting audio notes which Kincaid was often running into, as described in his post.
New apps are one of many improvements the company has in store, some of which – like its upgraded infrastructure – have only started to arrive over the last few weeks. As Libinrecently explained, the original Evernote infrastructure was designed for a few thousand single-device users, but has had to scale over the years to support tens of millions and a range of devices. Of course, upgrading a service’s underpinning while continuing to support a large and growing number of users is no easy task – just ask Twitter.
But it can be done. Plus, though Evernote may have been buggy, it still has a significantly sized user base – and, apparently, a loyal one too. Instead of complaining about the glitches, people suffering, like Kincaid was, could have easily just switched apps. But instead, they’ve been voicing their concerns. That’s a good sign – after all, the opposite of love is not hate, it’s indifference.

Lee-Chen Lin,director and choreographer of Lin Dance Theatre


                                   

                  Hymne aux Fleurs qui Passent v.1 Lin Dance Theatre

                          The history of Legend Lin Dance Theater is very much the story of its artistic                    director and choreographer Lee-Chen Lin. A graduate of the Chinese Culture                      University, Lin founded the repertory company for the purpose of presenting                    large-scale performance works that reflect the spirit and culture of her native                    Taiwan.

Facebook Announces Paper, A Curated Visual News Reader Launching Feb. 3 On iOS


You miss great content because you aren’t subscribed to the right sources. So Facebook wants to bring you content serendipity with Paper, a standalone iOS news reader app it revealed today that delivers human and algorithm-curated full-screen articles and photos in categories you select like Tech, LOL, and Pop Culture. Paper launches to everyone in the U.S. on February 3rd, the day before Facebook’s 10th birthday.
Paper is the first app out of Facebook Creative Labs, an initiative to let small teams within Facebook build standalone mobile experiences as if they were nimble startups. Facebook Creative Labs will carry out the strategy Mark Zuckerberg discussed on yesterday’s earnings call of conquering mobile with an array of single-purpose experiences rather than cramming more functionality into Facebook’s core app. [Check out our profile of Facebook's standalone app initiative: "Facebook’s New 'Creative Labs' Lets The 6,000-Employee Giant Move Fast Like A Startup"]
When you download Paper, you’re greeted with a reimagined interface for the News Feed. The top half of the screen shows big photos and videos, while the bottom half shows status updates and link stories. You can swipe from right to left to browse through the stories. If you tap one, it unfolds with a delightful animation to take up the full screen where videos auto-play. Pinch a story and it folds back up returning you to the Paper feed.
The content gets really interesting, though, when you start adding “sections” to your own Paper.
You can add sections including “Score” (sports), “Headlines” (world news), “Cute” (BuzzFeed-style adorable animals), “Planet” (sustainability and earth porn), “Enterprise” (business), “Exposure” (photography), “Flavor” (food), and “Ideas” (a different intellectual theme each day).
Each Section combines stories chosen by Facebook’s human editors and surfaced by the Paper algorithm that have been posted publicly to Facebook by a publication, blogger, public figure, or average Joe. The goal isn’t to just pump articles by The New York Times, but also posts by expert yet undiscovered bloggers, commentary by industry pundits, and opinions from laymen. For now, everyone who adds a Section to their Paper will see the same story in it, but Facebook says it’s considering personalizing the sections so you might see more about your favorite teams and sports in the Score Section over time.
Paper also lets you share your own stories. The visually-focused composer gives you an accurate preview of how your story will appear to other users, so there’s no wondering what photo will be featured or if an article’s blurb will be cut off like when you share using Facebook on the web or mobile.
For now there will be no ads in Paper, but Facebook tells me the team is considering how they could be naturally integrated.
Screen Shot 2014-01-30 at 4.03.24 AM
Paper’s human plus machine curation creates what I call “content serendipity”. Normally on Facebook, you only see posts from friends and Pages you’ve subscribed to. But with a traditional newspaper, there are articles the editors think are great and you might enjoy, but that you wouldn’t have thought to seek out. You trust the editors’ taste, and give articles a chance even if they don’t strike you at first glance.
Paper creates this opportunity for Facebook to surprise like a newspaper, but on mobile. It can show content you might have missed by bubbling up public content with lots of Likes or that a Paper editor thinks is brilliant. Sure, friends act as curators of the web at large, but not everyone’s friends share content in the areas they’re interested. I might be the only one of my friends that digs business news or foodie stuff, and Paper could deliver it to me without me having to track down specific Pages to Like.
Facebook says it won’t be heavily promoting Paper within its standard app, but it still poses a big threat to other news reader apps like Flipboard, Prismatic, Circa, and Pulse. Each has its strengths. Flipboard has magazines curated by other users, while Prismatic relies on artificial intelligence to provide the most relevant articles. Facebook’s massive treasure chest of data on what people share could be its not-so-secret weapon. Then again, some of Facebook’s standalone apps like Camera and Poke have failed miserably despite their advantages so we’ll have to wait to see how things shake out.
The 15-person Paper team spent well over a year building the app. It was spearheaded by Facebook’s VP of Chris Cox and endorsed by Zuck but product managed by Michael Reckhow, and designed by Mike Matas. Rather than be bogged down by the company’s bureaucracy, the team hacked at Paper like Facebook did back in its more “move fast and break things” days.
If Paper succeeds, it could get more people sharing publicly. Who wouldn’t want the chance to be surfaced in Paper and accrue legions of Likes and new followers? This incentive could sway content creators from ditching Facebook for Twitter, and is just one more way the social network is trying to steal thunder from the micro-blogging service.
The web’s a big place, but Paper could use big data and big-brained editors to make it feel small enough to comprehend, just a like a newspaper.
Source: TechCrunch

Taiwanese Lin Hwai-min master of Choreography


                             

            Arts.21 | Straddling East & West

                       Listen to his explanation of dance in East and West
After years of speculation, one of China’s top e-stores, JD, has filed to list publicly in the US. According toJD’s filing with the SEC, it’s aiming to raise up to $1.5 billion with its US IPO.
JD – which was called 360Buy until it rebranded early last year – is second to Alibaba’s Tmall in China’s cut-throat e-commerce industry, but it’s the largest e-store in China that buys most of its own stock and ships them to consumers. JD said last month that it’ll pull in over $16 billion in sales in 2013.
Chinese e-store JD files for US IPO, aims to raise up to $1.5 billion
JD’s filing with the SEC today reveals (as shown in the image above) that the Beijing-based company now has 35.8 million active users accounts, 25.7 million products, and 82 warehouses in 34 cities across China backed up by 1.453 delivery stations in 460 cities. In addition to all that infrastructure, JD has its own delivery service for the final leg from delivery stations to e-shoppers’ doorsteps.
JD has raised well over $2.5 billion in funding since it first got investment back in 2007. The last time a valuation was pegged to the company in early 2012 during its series C funding round it was worth $7.25 billion.
The Chinese e-commerce IPO that everyone is waiting for – Alibaba’s – has yet to begin, and it’s not clear if Alibaba will list in the US or Hong Kong.
Source: TechinAsia

Steve Marriot with Humble Pie at Fillmore East Live 1971

                                             
                                           Humble Pie Live at Fillmore East in 1971.
                                            Steve Marriot, Peter Frampton, Greg Ridley and
                                           Jerry Shirley where the members of the band.
                                     

Alibaba’s US$4.5 billion investment in logistic – the key is land

Recently, I talked with a friend who knows Alibaba pretty well and I changed my mind about its investment in logistic. Earlier I believe it is just an idealistic plan. 
But in fact, Alibaba is working on something big. “The key is land,” said my friend. Alibaba is talking to local governments all over the country, asking them for land to build warehouses and logistic facilities.
“Once Alibaba gets lands from the government, they can borrow whatever they needs to build warehouses and logistic facilities from the banks, using the lands as collateral,” said my friend.
When I first heard about the US$4.5 billion investment, I felt that was too much even for Alibaba. Its B2B market only made US$140 million in profit last year. Even if Taobao and Alipay made the same amount, the Alibaba Group as a total should earn less half billion a year. And I don’t think they have more than US$2 billion at hand. They got US$1.5 billion from listing the B2B market and another US$1 billion from Yahoo, but it paid back US$750 million to its earlier investors. Of course, they can get financial support from other investors and they can throw all their profit in the next 5-10 years into the project, but that sounds too risky and full of uncertainties.
Now, I see what they are doing. Alibaba don’t need to spend a dim on the project. Land will be from the government and money to build warehouses and logistic facilities will be from the banks. Once the facilities are built, Alibaba can channel Taobao’s numerous sellers to use the services. If everything works well, apart from dominating e-commerce, Alibaba will be the king of China’s logistic industry, too.
The crucial part of the whole scheme is the first step – getting land. That is why Jack Ma talked about the logistic investment in such a lofty tone – spending US$4.5 billion over the medium term. It gives his subordinates a legitimate reason to go to the local governments and ask for land.
If Alibaba is going to invest billions of dollars in logistic, it will help local economy, and sure, the local government should support it by providing free land. Actually, local governments have been doing the same with other industries, such as software development, clean energy, etc. It sounds very reasonable.
Moreover, China’s logistic industry is indeed a mess. Service stopped during the Chinese New Year.
There are a lot of complaints about how poorly the logistic service is run. Alibaba finds the right moment to pitch government for land.
It is really clever of Jack Ma. Success or not, it is a scheme worthwhile trying – if it works, he will win billions.  If not, it doesn’t cost him a dim.
Source: article by Sherman So in Technode

Alibaba Rakes in 1.78 Billion Dollars of Revenue in Q3 2013

In an internal letter from Alibaba’s legendary founder Jack Ma, he said that company has booked historical performance records last year. The fiscal report by Yahoo!, a major shareholder which holds a 24% stake in the company, gives us a more detailed overview about Alibaba’s performance in 2013.
The Internet giant generated $1.78 billion of revenues in the three-month period ended on Sep. 2013, up 51% YOY. Although Q3 revenue is higher than $1.38 million for Q1 and $1.74 million for Q2, the revenue growth rate is down from 71.4% and 61.3% for the first and the second quarter of 2013, respectively.
The report added that Alibaba’s gross profit increased by 58% YOY to $1.26 billion, while its operating profit amount to $786 million, swinging to profitability YOY. The company’s net profit soared 163.1% YOY to $800 million in the same period.

Tiger Global buys Alibaba shares at lofty valuation about US$125 billion

Tiger Global Management, a top-performing technology investment firm based in the U.S., recently built a stake in Chinese e-commerce giant Alibaba Group, ahead of what will likely be one of the largest tech IPOs ever, according to four people familiar with the situation.
Tiger Global purchased roughly $200 million worth of shares, one of the people said, while another said the transactions valued Alibaba at about $125 billion. Such investments are closely watched on Wall Street because U.S. Internet company Yahoo owns 24% of the Chinese firm.
Tiger Global bought the stock in late 2013 in the so-called secondary market, which facilitates trading between shareholders of private, pre-IPO tech companies. Deals can also be arranged between investors and company employees through official tender offers.
Tiger Global bought Alibaba shares from other investors, not through a tender offer, two of the people said. All four sources did not want to be identified because Tiger Global's activities are private. An Alibaba spokeswoman declined to comment, as did a spokeswoman representing Tiger Global.
Tiger Global, headed by Chase Coleman, runs hedge funds that invest in publicly traded tech stocks. However, the firm also manages other, longer-term vehicles that back private tech companies, including Eventbrite, Nextdoor and Warby Parker.
The latter funds are run by Lee Fixel and Scott Shleifer, who have made names for themselves in Silicon Valley by making big investments in late-stage, pre-IPO start-ups and helping them expand globally. Shleifer was involved in the Alibaba investment made by Tiger Global.
The value of Alibaba has surged recently. In December, RBC Capital Markets Internet analyst Mark Mahaney estimated the company was worth $150 billion, up from a previous valuation of $110 billion. In September 2011, when a group led by Silver Lake Partners and Digital Sky Technologies invested $1.6 billion, Alibaba was valued at about $32 billion.
Those gains came as the company's profits more than doubled to more than $700 million in the year ended June 30, 2013, and Wall Street readies for what will be one of the largest tech IPOs ever — either later this year or in 2015.
"Alibaba is an amazing company and preparing to IPO. That's when secondary market investors get very interested," said Lou Kerner, managing partner of the Social Internet Fund, which invests in social and mobile companies in primary and secondary markets.
Alibaba mulled a U.S. listing last year after the company and the Hong Kong Stock Exchange disagreed about corporate governance. However, Hong Kong may be relaxing some of its rules, making a listing on that Asian market more likely.
When Alibaba goes public, the company and its bankers will likely pick a conservative valuation; however, the stock will probably jump when it starts trading, pushing the value as high as $190 billion, says Eric Jackson, of tech hedge fund firm Ironfire Capital.
"I'm very bullish on what the valuation will be," he added. "It's a large business compared to Amazon and eBay, growing quickly and much more profitable than those companies."
Ironfire owns shares of Yahoo, which have doubled in the past year as the value of its Alibaba stake ballooned.
Tiger Global has already benefited from that move. The firm owned 25 million Yahoo shares at the end of September 2012, according to regulatory filings. It still held 8 million shares as of Sept. 30, 2013.
Source: USA Today, January 20th 2014

Igloo village guarantees the best view for a northern lights spectacle

The Igloo Village, which is part of Hotel Kakslauttanen, is guaranteed to give guests a prime position for viewing the northern lights display during the winter months. Located in the Arctic Circle near Finland's Urho Kekkonen National Park, guests can stay in a glass-roofed igloo or brave the cold in a traditional snow igloo.
Located in the Arctic Circle, Igloo Village features glass-roofed igloos from which guests...

South Korea's plan for a robot-themed amusement park switches back on

Since 2007, the South Korean government has dreamed of Robot Land, a robotics research park and themed destination with rides, exhibitions, shopping, and even housing. Although the originally planned open date of 2012 has come and gone, ground was officially broken for the 300-acre park last year and a new timeline seems to indicate that Robot Land may now be on target to deliver on its promise of a themed world dedicated to robots.
To be located in the city of Incheon in northwestern South Korea, the massive plan promises “Fun and fantasy with robot!” But although the glitzy CGI mockups of robotic carousels and giant statues are enticing, the location is also planned as a research park dedicated to education and innovation, and even promises hotels, condos, and office buildings for those who want to work alongside the robots.
A giant robot could house food and shopping in the planned Robot Land
Kids of all ages can ride a robotic giraffe on a carousel, splash in a water park, or be flung on a coaster by a robotic arm. But the majority of the planned offerings veer more towards edutainment, with a interactive robot aquarium, exhibition halls, and an auto factory that introduces visitors to a robotic automotive assembly line. And to compete with other famous giant Asian robots, earlier park designs included a giant robot-building hybrid in the visage of Taekwon V, a Korean movie character similar in appearance to a Transformer.
But because someone has to do the hard research work to fuel the fun of tomorrow, the park will also incorporate the Graduate School of Robotics, industrial support facilities, and R & D buildings.
While it might be easy to dismiss the project as a novelty or faddish, it’s rooted in the country’s vision of future growth, according to an earlier press release, as robotics are crucial to South Korea’s main industries of flat panel displays, cars, semiconductors, and shipbuilding. With its emphasis on edutainment and exploration of the future, it draws more comparisons to World Fairs of yesteryear, or the Epcot Center in the US.
The new timeline for the complete theme park calls for a gradual rollout, according to the website, with the public interest facilities, such as the exhibitions and theme park opening in 2015, and the full park opening in 2016.
Source: Robot Land, via Fast Company

Nintendo to stay in the hardware business – bring DS games to Wii U

Satoru Iwata has revealed part of Nintendo's strategy for the coming year
Given the continued weak sales performance of the Wii U, it's clear that Nintendo is a company in need of strong new direction. Speaking at a financial results meeting yesterday, Nintendo president Satoru Iwata has detailed the company's strategy for the coming months, outlining how the console maker will renew its efforts to communicate the benefits of the GamePad, while bringing classic software to the system's Virtual Console.
Though Iwata admitted that the GamePad is currently the system's biggest problem, he made it clear that there are no plans to abandon the costly controller. Instead, the company will increase its efforts to produce software that highlights the unique controller's appeal. Iwata also ruled out a price cut for the system.
While the majority of games released on the system thus far have made use of the GamePad's touchscreen (largely for inventory management and/or map display), the titles that make the controller feel like an essential part of the system are few and far between.
Nintendo has promised that we'll see games that make use of the controller's NFC feature at this year's E3, and that Mario Kart 8, coming in May, will feature extensive GamePad integration. Additionally, the company is working on a fast start-up feature for when the system is being used with just the GamePad.
The news that Nintendo will continue to push the GamePad as the system's key selling point goes somewhat against the grain of industry opinion, where the overriding feeling is that the company should downplay the controller.
Some analysts have even suggested that the company make the GamePad an optional accessory, allowing them to release a low-cost version of the system that does not come with the costly controller. That said, consumer confusion regarding the difference between the Wii U and older Wii system would potentially become more pronounced if the newer console was sold without the GamePad.
The second piece of news to come out of the financial report meetings is the company's intention to bring DS games to the system's Virtual Console service. At the time of writing, only a selection of NES and SNES games are available to download through the service. The addition of popular DS games such as Brain Training may help push the console to more casual gamers.
Lastly, Iwata stated that while the company will definitely not release games on competing hardware, it will begin licensing Nintendo game characters to new partners. The recently unveiled Hyrule Warriors title, a cross-over between The Legend of Zelda franchise and Namco Koei's Warriors series, appears to be the first of said collaborations.
Source: WSJ

World's largest solar bridge completed in London

Work has finished on Blackfriar's Bridge in London, now the largest solar bridge in the wo...

Work has finished on what is now the largest solar bridge in the world. Blackfriars Bridge, part of Blackfriars Station in London, has been fitted with 4,400 photovoltaic panels, which are expected to reduce the station's CO2 emissions by an estimated 511 tonnes (563 tons) per year. Work began in spring 2009 and the station was operationally complete in time for the 2012 Olympics, with the solar array installation complete in March 2013. The full refurbishment of the station is now also complete.
The installation of the solar panels was part of the wider redevelopment of Blackfriars Station, which includes a new entrance on the south bank of the River Thames, four new platforms and a improved Underground station. The station is a key part of the £6.5 billion (US$10.72 billion) Thameslink Programme, which aims to increase train capacity on one of Europe's busiest stretches of railway running from north to south through central London.
The array of Panasonic 250 Wp panels is the largest solar array on a bridge in the world, covering a total area of 6,000 sq m (19,685 sq ft). Its maximum output is estimated at 1.1 MWp (megawatt peak) and it is expected to generate 900,000 kWh of electricity each year – over half the amount required to power the station. The panels are fixed and south-facing.
"Our work at Blackfriars demonstrates two key benefits of solar," says Frans van den Heuvel, CEO of Solarcentury. "First, it can be integrated into the architecture to create a stunning addition to London’s skyline. Second, it can be integrated into the most complex of engineering projects; in this case being built above a construction site, over a rail track over a river."
Source:  Network Rail, Gizmag

Surprise purchase by Chinese computer maker Lenovo of the Motorola business from Google

For all its talk of being interested in the smartphone hardware business, $2.9 billion seems like a price Google couldn't refuse.
That much at least is clear from Wednesday's surprise purchase by Chinese computer maker Lenovo of the Motorola business from Google. Google is retaining the "vast majority" of Motorola's patents and previously sold the business's set-top box operation for $2.4 billion. Still, it looks like Google has taken a fairly hefty haircut on the $12.5 billion it paid for Motorola Mobility less than three years ago.
With only $660 million coming up front and the rest being paid in Lenovo stock and a promissory note, it appears at first glance that Google was desperate to be rid of a business that has been a dead weight on its profit. Motorola has become a much smaller business under Google, but still lost $248 million after adjustments in the third quarter.
Google's core business has been strong enough to counter this, as the company has maintained overall earnings-growth percentages in the double digits. The stock price has roughly doubled since Google's acquisition of Motorola was announced in August 2011.
Motorola was an odd fit among Google's other big bets, including YouTube and the recently announced deal for Nest Labs. The impetus to buy Motorola was to gain a big collection of wireless patents. Google thought these could help shield it from Apple's.

Source: WSJ

Argentina Pluspetrol da paso clave para expansión en importante lote gasífero en Perú

La petrolera argentina Pluspetrol podría iniciar en tres meses su plan de expansión en el bloque más grande de gas natural de Perú, luego de obtener una aprobación ambiental que había frenado durante un año el proyecto debido a preocupaciones sobre tribus aisladas, dijeron el miércoles autoridades.
La viceministra de Cultura, Patricia Balbuena, dijo a Reuters que el gobierno aprobó el estudio de impacto ambiental de Pluspetrol para nuevas operaciones en el Lote 88 después de que un trabajo de campo encontró que los llamados grupos indígenas no contactados ya no vivían en la mayor parte de la concesión.
Ahora la compañía deberá esperar permisos de operaciones más rutinarias en el lote por parte del Ministerio de Energía y Minas, que serían las últimas vallas del proyecto y podrían demorar unos 90 días, afirmó una fuente de ese portafolio.
Pluspetrol declinó hacer comentarios sobre las acciones que tomaría ahora en el Lote 88, ubicado en una zona selvática del país rica en recursos naturales.
Los críticos ambientalistas dicen que el Gobierno revirtió su punto de vista sobre la presencia de tribus aisladas allí para empujar el proyecto.
Indígenas en aislamiento voluntario no han tenido contacto con personas ajenas a su comunidad y corren el riesgo de enfermarse y hasta morir con la exposición a virus comunes.
El Lote 88, que se superpone con la reserva indígena Kugapakori-Nahua-Nanti, tiene unos 8 billones de pies cúbicos de reservas de gas natural probadas y certificadas. La zona es parte del importante yacimiento de gas de Camisea en Perú.
Desarrollar el yacimiento es fundamental para cumplir la promesa del presidente Ollanta Humala de asegurar combustible barato para los peruanos más pobres, así como para desarrollar centrales eléctricas y un polo petroquímico en el país.
En el 2012, el gobierno de Humala convenció al consorcio Camisea, liderado por Pluspetrol, para vender todo el gas natural producido en el Lote 88 en el mercado local.
Varios funcionarios de alto rango renunciaron el año pasado después de que no fueron aceptadas sus objeciones a las nuevas perforaciones en el Lote 88 debido a su posible impacto contra los indígenas no contactados.
Actualmente, el 50 por ciento de la electricidad producida en Perú se hace con el gas natural de los campos de Camisea y su expansión se ha visto afectada por la amenaza de remanentes del grupo insurgente Sendero Luminoso.
Fuente: Reuters

Phase One reveals world's first CMOS medium format camera back

The Phase One IQ250 is the world's first medium format camera back with a CMOS sensor

It's all about CMOS sensors in the medium format camera world at the moment. Just a couple of days ago, Hasselblad announced that it would launch the world's first CMOS-sensor-toting medium format camera in March. Now, Phase One has muscled in on the action and revealed the world's first CMOS sensor medium format camera back, the IQ250 ... and this one is already available.
At its core, the Phase One IQ250 features a 50 megapixel CMOS sensor which measures 44 x 33 mm. It has a resolution of 8280 x 6208, and a 5.3 x 5.3 micron pixel size. This means the sensor is 68 percent larger than that of a full-frame 35-mm-format DSLR. However, it's still smaller than the 54 x 40 mm sensors used in some other Phase One IQ2 backs, resulting in a 1.3 lens factor.
The adoption of a CMOS sensor (rather than CCD) is important because it enables the IQ250 to boast better low light performance than any of its currently available rivals. Its ISO range of 100 to 6,400 is the widest usable of any digital medium format camera, and the IQ250 should perform well in available light conditions that would have other medium format cameras (which often never leave the studio) running scared.
The Phase One IQ250 also has an impressive 14 stops of dynamic range, enabling photographers to retain details in highlights and shadows. Exposure times from 1/10000s to 60 min are available, and Live View capability is much improved. While it might not sound like much to DSLR and mirrorless shooters, the IQ250's capture rate of 1.2 frames per second is also something to shout about in a medium format camera.
As part of the IQ2 camera system line-up, the IQ250 digital back has a 3.2-inch touchscreen on the rear. There's also built-in Wi-Fi for remote viewing, along with USB 3.0 for connecting to a computer running Capture One. The IQ250 can be used with a variety of medium format camera bodies, though Phase One would probably like to see it paired with its 645DF+.
The Phase One IQ250 is available now and comes with the Capture One software for raw image processing and editing. It will set you back a not insubstantial USD$34,990.
Source: Phase One

If I Were a Carpenter, Small Faces. Today birthday of Steve Marriot

                                     I heard on the radio that today was the birthday of Steve Marriot
                                      singer and guitarist of the Small Faces and later of Humble Pie.
                                       For me one the best vocalists of rocknroll bands of the 60´s and
                                      70´s.
                                        In this song , Steve was at its best.

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