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The U.S. Is Losing a Major Front to China in the New Cold War

Vietnam and Thailand are among the Southeast Asian nations warming to a governance model that twins sweeping content curbs with uncompromising data controls -- because it helps preserve the regime in power. A growing number of the region’s increasingly autocratic governments watched enviously the emergence of Chinese corporate titans from Tencent Holdings Ltd. to Alibaba Group Holding Ltd. -- in spite of draconian online curbs. The more free-wheeling Silicon Valley model once seemed unquestion...
Tags: Google, Facebook, Science, China, Thailand, Silicon Valley, Vietnam, Alibaba Group Holding Ltd, Tencent Holdings Ltd, Major Front


China Wins Allies for Web Vision in Ideological Battle With U.S.

Vietnam and Thailand are among the Southeast Asian nations warming to a governance model that twins sweeping content curbs with uncompromising data controls -- because it helps preserve the regime in power. A growing number of the region’s increasingly autocratic governments watched enviously the emergence of Chinese corporate titans from Tencent Holdings Ltd. to Alibaba Group Holding Ltd. -- in spite of draconian online curbs. The more free-wheeling Silicon Valley model once seemed unquestion...
Tags: Google, Facebook, Science, China, Thailand, Silicon Valley, Vietnam, Alibaba Group Holding Ltd, Tencent Holdings Ltd


Hellobike Seeks at Least $500 Million in Funding Round

Just a few years after Chinese startups built dockless bike-sharing into a global business, the sector is floundering as pioneer Ofo flirts with bankruptcy and Mobike shows no signs of ending losses. Hellobike, a relative late-comer, emerged as a strong contender with the backing of Ant Financial, which is leveraging the platform to win mobile payments business. Ant Financial is the finance affiliate of Alibaba Group Holding Ltd., which is locked in brutal fight for e-commerce customers with M...
Tags: Science, Meituan Dianping, Alibaba Group Holding Ltd, Mobike


On-Demand Startups Are Hemorrhaging Tens of Billions a Year

Led by the deceptively relentless Wang Xing, whose acrimonious battle with Alibaba Group Holding Ltd. makes the Lyft-Uber rivalry look like a game of Words With Friends, the Beijing company delivers meals to people’s doorsteps in 2,800 Chinese cities and has plunged into adjacent business like bike sharing and event ticketing. Let’s conveniently dub this elusive number the SOFA—or Single, On-demand, shortFall Aggregate. Staying in Asia, the ride-hailing juggernaut Didi Chuxing lost 4 billion y...
Tags: Asia, Science, Beijing, Alibaba Group Holding Ltd, Didi Chuxing, Wang Xing


Tencent to Consider Bid for $3 Billion A.S. Watson Stake

The Singapore state investment company is considering selling around a 10 percent stake in A.S. Watson for about $3 billion, according to the people, who asked not to be identified because the information is private. Tencent may team up with some investment funds for an offer for the stake in A.S. Watson, which is a unit of Hong Kong tycoon Victor Li’s CK Hutchison Holdings Ltd., the people said. The holding has also drawn interest from Chinese tech billionaire Jack Ma’s Alibaba Group Holding ...
Tags: Hong Kong, Science, Singapore, Tencent, Watson, Jack Ma, Alibaba Group Holding Ltd, Victor Li, CK Hutchison Holdings Ltd


Tencent Targets 10% of Managers for Job Cuts or Demotion

President Martin Lau told an internal meeting late last year that its lowest-performing general managers will need to leave the company or be demoted, mainly because not much staff-pruning has occurred in the past, the people said, asking not to be identified talking about a private matter. The move comes as Tencent climbs out of one of its deepest troughs. The world’s eighth most valuable company is also fending off competition from Alibaba Group Holding Ltd. and newcomers like Bytedance Ltd....
Tags: Science, Tencent, Alibaba Group Holding Ltd, Martin Lau, Bytedance Ltd


New China Billionaire Drops $2.8 Billion as PDD Shares Tumble

PDD shares dropped 17 percent, the most since it went public last year. Huang, a prolific entrepreneur who started his career at Google, founded PDD in 2015 as Alibaba Group Holding Ltd. and other existing e-commerce operators appeared to have a lock on the market. PDD rapidly became China’s third-largest online mall, behind Alibaba and JD.com Inc.
Tags: Google, Science, China, Alibaba, Huang, Alibaba Group Holding Ltd


Allbirds Is Taking Its Viral Fabric Tennis Shoes to China

San Francisco-based Allbirds plans to announce this week that it will open a brick-and-mortar store in Shanghai in the coming months. It will also be rolling out its goods on Alibaba Group Holding Ltd.’s Tmall online shopping website as well as building its presence on Chinese social media services including WeChat and Weibo. In 2016, Allbirds launched with a single type of shoe, called Wool Runners, made from sheep’s fleece.
Tags: Science, China, San Francisco, Shanghai, Alibaba Group Holding Ltd, Allbirds, Weibo In 2016 Allbirds


Why Baidu Is the Tech Giant That’s Most Vulnerable to a China Downturn

The search giant, which reports results this week, could fare worse than rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. because of its higher reliance on the advertising market, an increasingly competitive arena that tends to suffer with economic weakness. Alibaba’s core e-commerce has proven more resilient than traditional retail and a deepening thrust into realms such as cloud services helps juice top-line growth. Tencent is the standout: it’s gained more than 30 percent since a...
Tags: Science, Alibaba, Tencent, Alibaba Group Holding Ltd, Tencent Holdings Ltd


Alibaba-Backed Paytm Wants to Cash in on Amazon's India Distress

Amid the uproar, Vijay Shekhar Sharma -- whose two-year-old Paytm Mall is backed by Alibaba Group Holding Ltd. -- is quietly devising ways to outstrip his rivals. The new regime forbids retailers from holding any business interest in online merchants on their websites, exclusive arrangements and deep discounts -- forcing Amazon and Flipkart to redraw contracts and rescue thousands of product listings that vanished overnight.
Tags: Amazon, Science, Alibaba, Flipkart, Vijay Shekhar Sharma, Alibaba Group Holding Ltd, Paytm Mall


Pinduoduo to Raise More Than $1 Billion in Alibaba Challenge

The Shanghai-based company plans to sell 37 million American depository shares, while investors market 14.8 million, according to a securities filing. The lockup period for PDD’s shares expired last month and the selling shareholders include Banyan Partners, Sun Vantage Investment and Lightspeed China. PDD has seen revenue soar since its founding in 2015, challenging the conventional wisdom that e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc. had an unassailable lead in the market...
Tags: Science, Shanghai, Alibaba Group Holding Ltd, JD com Inc, Alibaba Challenge, Banyan Partners Sun Vantage Investment, Lightspeed China PDD


Britain Has a New Wealthiest Man After Dyson's Big Year

The gain catapults him ahead of Jim Ratcliffe, the founder of chemicals manufacturer Ineos Group, and highlights the waning power of inheritances among the wealthiest Britons. The family of Hugh Grosvenor, the seventh Duke of Westminster, had been the U.K.’s richest thanks to land they’ve owned since 1677 until he was overtaken by Ratcliffe last year. In November, Alibaba Group Holding Ltd. said that some of its top-selling products during its annual Singles’ Day event came from Dyson.
Tags: Science, Britain, Dyson, Jim Ratcliffe, Alibaba Group Holding Ltd, Ratcliffe, Ineos Group, Hugh Grosvenor


Chinese Tech Hiring Ads Dive as Trade Tensions, Slowdown Bite

The number of IT and internet positions advertised nationwide fell by 20 percent in the December quarter compared with a year earlier, according to a report from Renmin University and the country’s largest jobs website, Zhaopin Ltd. The drop was most pronounced in the internet and online gaming sectors, where ads slid 23 percent and 30 percent, respectively. Last year marked the first time China’s giant IT and internet sector -- led by Tencent Holdings Ltd. and Alibaba Group Holding Ltd. -- ha...
Tags: Science, China, Alibaba Group Holding Ltd, Tencent Holdings Ltd, Renmin University, Zhaopin Ltd


As Xiaomi Shares Sink, a Russian Investor Is Still Up $1 Billion

Milner, an early investor in Facebook Inc. and Alibaba Group Holding Ltd., quadrupled his money even though Xiaomi’s market value has tumbled by more than $18 billion since the IPO. The declines accelerated when a six-month lockup period expired on Jan. 9, promoting some investors to sell the stock.
Tags: Science, Ipo, Xiaomi, Alibaba Group Holding Ltd, Facebook Inc, Milner


Bike-Share Pioneer Ofo Flirted With Bankruptcy as Cash Dried Up

Chief Executive Officer Dai Wei laid out the company’s challenges in an impassioned letter to employees Wednesday, from customers seeking deposit refunds to suppliers demanding unpaid bills. Dai’s emotional missive caps a horrendous year for a startup that epitomized the can-do nature of China’s technology scene and raised more than $2 billion in funding from investors. Backed by some of the country’s biggest tech giants from Alibaba Group Holding Ltd. to Didi Chuxing, Ofo helped spur a trend...
Tags: Science, China, Beijing, Alibaba Group Holding Ltd, Dai, Dai Wei, Didi Chuxing Ofo


Lazada Veteran Pierre Poignant Is Replacing Lucy Peng as CEO

Peng, a co-founder of Lazada’s controlling shareholder Alibaba Group Holding Ltd., will remain executive chairman, the Singapore-based company said in a statement Thursday. Poignant, who joined Rocket Internet-incubated Lazada in 2012, will immediately take the CEO role.
Tags: Science, Singapore, Alibaba Group Holding Ltd, Peng, Lazada, Lucy Peng


Alibaba’s Jack Ma: Smart People Need a ‘Fool’ to Lead Them

Jack Ma, co-founder of Alibaba Group Holding Ltd., is expected to announce Monday his plans for stepping down from the e-commerce giant and handing over responsibilities to senior management. Since founding ...
Tags: Science, Alibaba, Jack Ma, Alibaba Group Holding Ltd



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