Business Cloud News

IndoorAtlas raises $10m from Baidu, gains exclusivity in China

IndorrAtlas scored $10m in funding from Baidu, China's answer to Google

Finland-based IndoorAtlas, a provider of mobile indoor mapping technology, has secured $10m in new funding from China’s largest search engine, Baidu. The company also announced an exclusivity agreement for the Chinese that will give IndoorAtlas access to hundreds of millions of users.

Alibaba to launch own mobile OS?

Chinese e-Commerce behemoth Alibaba is reported to be building its own mobile operating system for launch in the third quarter of this year. The OS is likely to be cloud-based – the group has had a dedicated “Alibaba Cloud Computing” unit since 2009, which is now reported to be working on the project.