Techmeme
May 11, 2014, 10:35 AM

Top News

Russell Holly / Geek.com:
Google testing complete redesign, new features for web Gmail similar to leaked test on Android  —  Google is testing new web-based Gmail features  —  Google's products are constantly tested behind the scenes for potential new features, and since Gmail is just about as high as you can get on that list …
Janko Roettgers / Gigaom:
Apple buying Beats could radically transform the digital music business  —  There are still many unknowns about Apple's reported acquisition of headphone maker Beats Audio, but one thing is already certain: The deal, if it goes through as reported, is going to be a game changer for digital music.
Wall Street Journal:
David Barboza / New York Times:
Red-Hot Web in China Richly Rewards Foreign Investors  —  SHENZHEN, China -It is one of the best investments of the digital age.  —  In June 2001, a South African media company called Naspers paid $34 million to acquire a big stake in a struggling Chinese start-up.
Mat Honan / Wired:
Square could capitalize on the aggregate transaction data it has collected for years  —  Square Turned Dollars Into Data.  Now It'll Turn That Data Into Gold  —  If you want to build a sports stadium that generates lots of money not just for the team, but also for local businesses in the surrounding area …
More: Engadget
Henn Idan / GeekTime:
Report: Qualcomm in talks to purchase Israeli Wilocity for $300 million  —  Israeli start-up Wilocity, which develops chipsets for wireless communications, is in talks with American giant Qualcomm for a potential sale, according to a report published on Marker.
More: Reuters and Haaretz
Wall Street Journal:
Samsung Plans to Launch Tizen Smartphone in Russia, India  —  Company Aiming to Compete More Directly With Google and Apple  —  Samsung Electronics Co. is preparing to launch a new smartphone in Russia and India based on its homegrown operating system Tizen, people familiar with the matter say …
Tweets: @jchengwsj
Vivian Ho / The Technology Chronicles:
MonkeyParking app lets you auction off whatever parking spot your car is in, rolls out to SF  —  Sell your S.F. street parking spot for $20?  —  An Italy-based startup is rolling out an app that offers San Franciscans the pleasure of being paid to leave.  —  MonkeyParking allows drivers …
Rob Platzer / bitly blog:
Bitly details breach of offsite database backup, accelerates development of security features  —  More Detail  —  While we continue working through our response to the compromise we reported yesterday, we wanted to provide some more insight into the question of how this happened and what we have done to ensure security going forward.

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