Is Twitter a billion-dollar company? It is now, according to its investors. People familiar with the company tell me it has raised around $50 million in a funding round that values the start-up, which has no real revenue to speak of, at about $1 billion… Tweet This Post

ast growing startup Twitter will soon be joining a select group of startups with private venture round valuations of $1 billion, we’ve heard from multiple sources. CEO Evan Williams disclosed the round to employees at a recent all hands meeting… Tweet This Post

Kai-Fu Lee became famous in 2005 when the engineering whiz left Microsoft, where he had created Microsoft Research Asia, to head search giant Google’s operation in China. Microsoft sued, charging that he violated a noncompete agreement, but eventually settled. This time, as Lee leaves Google, he’s sure to avoid a lawsuit, because he’s starting his [...]

HONG KONG (Reuters) – Kai-fu Lee, Google Inc’s former China chief who quit the search giant this week, said on Sunday he will launch his own business next week to fund Chinese technology start-ups. Lee, described by Chinese media as the face of Google in China, said on his Twitter page (http://twitter.com/kaifulee) that he will [...]

Kai-Fu Lee has confirmed reports that he’s leaving his post as head of Google China to start something called Innovation Works, a mix between an incubator, a development lab and an angel investing firm. The plan is to hire 100-150 smart young Chinese engineers, help nurture their ideas, then spin off 50-75 of them a [...]

Kai-fu Lee, who announced his departure from Google China last week, has cause the Internet to erupt with speculation on the reasons for his departure and future plans. News on this hot topic has been difficult to report, as many original sources are difficult or impossible for tech bloggers with limited resources to translate. However, [...]

Twelve weeks after the start of Facebook’s new incubator-style fbFund program, the 18 startups in this year’s class showed off the fruits of their labor to VCs and Facebook execs in a bid to get more funding at today’s fbFund Demo Day. In addition to participating in the 10-week Y Combinator-like fbFund Rev program headed by Dave [...]