Alibaba Archives - Page 17 of 18

China will release favorable policy for foreign new energy vehicles

Once the policy is released, Tesla will be on an equal footing with the start-up car companies. On April 22, 2014, Tesla CEO Elon Musk personally delivered the first Model S cars in China to Yu Yongfu, the chairman of Alibaba Entertainment; Li Xiang, the CEO of CHJ Automotive(车和家); Chinese famous host Wang Han and […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

Alibaba Released a New Brand AliOS Entering Automotive and IoT Field

Alibaba Group announced the upgrading of its operating system strategy and launched a brand new AliOS whose slogan is to drive everything smart. The new Alibaba operating system will continue to increase its investment in the IoT field and IoT operating systems in automotive, IoT terminals, IoT chips and industrial areas. On September 27, Alibaba […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba’s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

Chinese Apps Become Popular Overseas

Chinese apps are popular overseas, especially in Russia, America and Japan last quarter. Tool, photography and video apps are the most popular ones. In Russia, the top 250 apps in the two largest stores—— App Store and Google Play enjoy over 222 million downloads, among which about 17.88 million comes from Chinese apps, with a […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

Ant Financial will launch Face ID for package pickups

On September 14, Alipay and Cainiao Global held the Global Logistics and Supply Chain Conference (GLSC) in Shanghai, and announced that they will provide services for SMEs form the most basic payment to marketing, credit, and finance businesses. At the same time, the Ant Financial will use face recognition technology in the logistics industry, so […]

Tencent and Alibaba Announces a Music Copyright Cooperation

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent […]

Well-known Quantum Technology Scientist Yaoyun Shi Joined Alibaba

Yaoyun Shi, a world-renowned quantum computing scientist, tenured professor of the University of Michigan and winner of Career Award, National Science Foundation, USA, has officially worked for Alibaba and now serves as the chief quantum technology scientist for Alibaba Cloud Computing Co. Ltd. Shi is another top scientist that works for Alibaba since the company […]

Pony Ma Says Tencent Will Invest Vigorously in Cloud Computing, AI and Big Data

Outline: Anything linked to cloud computing and AI will be involved with big data. The development of these technologies are undoubtedly where the future is headed towards. On September 8th, the Chairman and CEO of Tencent, Pony Ma, delivered a speech at the Tsinghua University Insight Forum. On the topic of the integration of business […]

Alibaba will establish their own shopping mall—“More Mall”

Jack Ma marked the year 2017 as the first year of Alibaba’s retail business. From 2017, Alibaba business empire expands its territory—involved in the convenience stores with Lingshoutong (零售通), supermarkets with Hema Xiansheng (盒马鲜生) and Bailian (百联), department stores with the privatized Yintai (银泰), and local life service platform with Koubei (口碑). In the whole […]

Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now

Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its initial public offering (IPO), a valuation of $10 billion. Tencent Music is held by Tencent holding company. According to insider, Tencent Music plans sell 3% of its share to strategic […]

Can Jack Ma win the looming war between Alibaba and Amazon?

Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since […]

Mobvoi Launched New Smart Speaker Tichome

Tichome, Mobvoi’s new smart speaker is going to get crowdfunded and be released soon. Mobvoi held a press conference on August 24th, announcing the official release of its brand new smart speakers Tichome at a price of 999 yuan. Members who were in on the crowdfund can purchase the speaker at a price of just […]

JD Finance is separated from JD Group

On the evening of August 14th, JD Group released the 2017 second-quarter earnings report. The financial data of JD Finance didn’t be listed on the reports, which marked the realization of the news— “JD Finance would be separated from JD Group”. With the end of Q2, JD Finance completed the separation, and its finance data […]

Baidu Takeout will be Sold

After months of seesaw battle, the fate of Baidu Takeout may soon be decided, mostly likely to be taken over by ele.me. Currently, ele.me official responds that they have no comment on it, and Baidu has ambivalent attitude without responding clearly. According to what a core high-ranking figure told touchweb, Baidu Takeout ever negotiated with […]

Alibaba to open first unmanned retail store

Alibaba has announced that it will open its first unmanned retail store in Hangzhou at the end of the year. This project is part of the new strategy for TMall, Alibaba’s online retail arm, which aims to improve traffic flow and discover more complex business scenarios in the unmanned retail sector Mr. Ying Hong, the […]

The Chinese Internet model is being pursued overseas

The mobile phone selling like hotcakes in Africa isn’t Samsung nor Apple, but Tecno, a Shenzhen-based telecommunications company in China. According to open statistics, the company holds more than 40% of market shares in the 6 major countries of North Africa. Tecno broke into the African market using two mobile innovations: Dual-SIMs and beauty selfie […]

The Richest Man in China Now Is No Longer Jack Ma

Just recently, Pony Ma surpassed Jack Ma as being China’s richest man! According to Forbes recently updated real-time rankings statistics, Pony Ma’s personal net assets have reached 36.9 billion USD, ranking him 18th in Forbes listing of the richest people in the world. For the first time, he has surpassed the founder of Alibaba, Jack […]

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