Posts filtered by tags: Alibaba[x]


Trump just banned WeChat for US users. Here's how the company behind the popular app became a $69 billion behemoth that has a stake in everything from 'Fortnite' to Hollywood blockbusters.

WeChat mascots are displayed inside Tencent office in Guangzhou, China. Reuters The Trump administration has beginning on Sunday. The ban follows an executive order against the app in August that barred US companies and individuals from making any transactions with WeChat.  WeChat is owned by Tencent, which isn't a household name in the US, but is one of the most valuable companies in the world. Tencent has a stake in everything from blockbuster films to gaming.  In fact, Tencent is the ...
Tags: Facebook, Asia, Hollywood, China, Softbank, US, Los Angeles, Trends, Social Media, Tech, Bloomberg, Features, Ben Thompson, Beijing, Facebook Messenger, Alibaba

Alibaba wants to get you off the PC upgrade treadmill and into its cloud

Pitches tiny 'cloud computer' that streams apps and OSes over WiFi and hooks up to USB-C displays Alibaba has teased a tiny PC replacement that will stream apps from its cloud.…
Tags: Software, Alibaba

TikTok’s Chinese rival Kuaishou becomes a popular online bazaar

In China, short video apps aren’t just for mindless time killing. These services are becoming online bazaars where users can examine products, see how they are grown and made, and ask sellers questions during live sessions. Kuaishou, the main rival of TikTok’s Chinese version (Douyin), announced that it accumulated 500 million e-commerce orders in August, a strong sign for the app’s monetization effort — and probably a conducive condition for its upcoming public listing. On the heels of the anno...
Tags: TC, Ecommerce, Asia, Hong Kong, China, Tech, Alibaba, Tencent, Reuters, Kuaishou, Zynn, Douyin, Pinduoduo, ByteDance China Kelly Zhang

APAC cloud infrastructure revenue reaches $9B in Q2 with Amazon leading the way

When you look at the Asia-Pacific (APAC) regional cloud infrastructure numbers, it would be easy to think that one of the Chinese cloud giants, particularly Alibaba, would be the leader in that geography, but new numbers from Synergy Research show Amazon leading across the region overall, which generated $9 billion in revenue in Q2. The only exception to Amazon’s dominance was in China where Alibaba leads the way with Tencent and Baidu coming in second and third respectively. As Synergy’s Joh...
Tags: Travel, Amazon, TC, Cloud, Enterprise, China, Alibaba, Tencent, Baidu, APAC, Synergy Research, John Dinsdale, Dinsdale, Cloud Infrastructure Market Share

Southeast Asia’s East Ventures on female VCs, foreign investment, consolidation

Melisa Irene‘s path to becoming a partner at one of Southeast Asia’s most esteemed venture capital firms is an unconventional one. “I always consider myself to be quite lucky,” said Irene, who was promoted to be a partner at East Ventures in January 2019. At 25 years old, she was the Jakarta-based investment firm’s first female partner. During TechCrunch Disrupt’s first online conference, I spoke to Irene about what she humbly described as a “lucky” career, her experience as a young, female inve...
Tags: Startups, TC, Asia, Indonesia, China, Southeast Asia, Softbank, Paypal, Alibaba, Jakarta, Gojek, Irene, Tokopedia, Traveloka, Grab, East Ventures

Singapore becomes hub for Chinese tech amid US tensions

Technology firms Tencent and Alibaba are among those expanding operations amid US-China tensions.
Tags: Business, Singapore, US, Alibaba, Tencent, US China

Top Chinese central banker says Beijing’s digital currency must be restricted to big commercial banks

Alibaba and Tencent left to offer mediated wallets rather than potentially become private currencies A deputy governor of the People's Bank of China has revealed more about the nation’s plan for a digital currency, and the news isn’t good for alternative payment systems run by the likes of Alibaba and Tencent because it appears they won’t get the chance to go head-to-head with Banks.…
Tags: Software, Beijing, Alibaba, Tencent, People s Bank of China

Ready to Get Back to Business? Now Is the Perfect Time to Up Your E-Commerce Game

By Rieva Lesonsky Post sponsored by As many years as I’ve been out of school, September still feels like a time of renewal. An opportunity to start anew, to reinvent some aspect of your life or your business, to refocus on tasks that got forgotten in the heat and lazy days of summer. This year has been tough for most of the country, with so many of us trying to live and work under safer-at-home policies. It’s been a rough year for retailers, in particular, with so many stores closed ...
Tags: Internet, Sales, E-commerce, United States, Alibaba, Retail, Online Retail, Logistics, Emarketer, Rieva Lesonsky, E-commerce & Social Media, GrowBiz Media, Rieva,, Rieva Lesonsky Post, Email Rieva

Meet Business Insider's 10 execs transforming the advertising and media industries

Hi! Welcome to the Insider Advertising daily for September 11. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected], we're looking for nominations for the rising stars of brand marketing. Submit nominations here by Monday.Today's news: The 10 people transforming advertising and media, QR codes return from the dead, and a look at how Amazon's ad busin...
Tags: Google, Amazon, Hbo, Pinterest, US, Trends, Walmart, Netflix, Alibaba, Tencent, Harry Potter, Tokyo, Biden, Jason Goldberg, Hulu, Wall Street Journal

Global equities find some footing after another slide in US tech stocks, led by a record fall in Tesla

Traders work on the floor of the New York Stock Exchange shortly after the start of trading August 6, 2014. REUTERS/Lucas Jackson European and US equity futures rose on Wednesday as investors went bargain-hunting following a massive sell-off in Big Tech.Asian indices declined after the previous day's total wash-out saw tech favorites such as Apple, Amazon, Facebook, and Zoom slump over 4% and Tesla falling by a record 21%.In the UK, the pound fell 1.5% against the dollar to its weakest in ...
Tags: Asia, Hong Kong, Japan, UK, London, Saudi Arabia, China, Germany, Softbank, US, Trends, Tech, Tesla, Eu, Britain, Asia Pacific

Viral article puts the brakes on China’s food delivery frenzy

For China’s food delivery workers, life can feel like a constant battle with algorithms, traffic police, and disgruntled customers. An essay detailing the hazardous work conditions of China’s food delivery drivers went viral on the internet on Tuesday, causing a moment of national reckonings on algorithmic harms to people. In China’s populated urban hubs, one won’t miss the army of express couriers speeding and honking on their scooters. Their reckless driving, according to the investigative rep...
Tags: Transportation, Asia, China, Tech, Shanghai, Alibaba, Tencent, Food Delivery, Meituan,, China s People magazine

Getting Back to Business

. {display:none !important;} .code-block {display:none !important;} .sovrn_ad_unit  {display:none !important;} As many years as I’ve been out of school, September still feels like a time of renewal. An opportunity to start anew, to reinvent some aspect of your life (business), to refocus on tasks that got forgotten in the heat and lazy days of summer. This year has been tough for most of the country, with so many of us still living and trying to work under safer-at-home policies. I...
Tags: Business, Usa, Sales & Marketing, Alibaba, Emarketer, Right Now

Bottled water flotation makes founder China's third-richest man

Zhong Shanshan’s net worth rises to $51bn as Nongfu Spring shares launch in Hong KongThe stock market flotation of China’s biggest bottle water company has made its founder the country’s third-richest man, as shares in his company rocketed on their debut in Hong Kong.At one point the paper fortune of Zhong Shanshan, the biggest shareholder in bottled water company Nongfu Spring, briefly surpassed that of China’s two richest men, Alibaba founder Jack Ma and Tencent founder Pony Ma.
Tags: Hong Kong, Business, China, IPOs, World news, Stock Markets, Asia Pacific, Alibaba, Tencent, Jack Ma, Chinese Economy, Hong KongThe, Nongfu Spring, Zhong Shanshan

Evolutions in payments systems, and the structure of banking itself, have fueled transformation in finance

Gojek drivers pass on the road in Yogyakarta, Indonesia. Gojek as an app-based transportation startup. PayPal is an investor in GoPay, GoJek's fintech arm. Devi Rahman/INA Photo Agency/Universal Images Group via Getty Images Financial services are in a dynamic period of transformation, due in large part to innovations in the digital payments sector. The continued push to digital banking has accelerated change at companies like Goldman Sachs, even as structural challenges ...
Tags: Asia, London, Sweden, Ebay, China, Ipo, Digital, Trends, Paypal, Asia Pacific, Alibaba, Goldman Sachs, Goldman, PPP, Jetblue, Mastercard

If you want to counter China's digital crackdown, regulate Big Tech at home and abroad

Mark Zuckerberg testifies before Congress. Getty American tech CEOs have fended off scrutiny of their business practices by portraying China as a bigger threat to US interests. The way to counter China's digital agenda is not through a lack of regulation but rather through sensible regulations on the tech sector that balance between free and open discourse online and protecting privacy and democratic institutions, writes Coby Goldberg of the Center for a New American Security. Visit Busine...
Tags: Google, Facebook, Mark Zuckerberg, South Korea, Europe, Japan, Politics, Congress, Opinion, Washington, White House, China, US, America, Trends, Eu

10 things in tech you need to know today

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. Reuters/Erin Scott Good morning! This is the tech news you need to know this Friday. Sign up here to get this email in your inbox every morning. . CEO Mark Zuckerberg wrote on Thursday that he feared civil unrest as the election is finalized in November.The Trump campaign claimed Facebook's new election policies meant the president "would be silenced by ...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Washington, India, BJP, Narendra Modi, Trends, New York Times, Alibaba, Tencent, Silicon Valley, Airbnb, Baidu, Department Of Justice

India bans more than 100 Chinese apps, including Tencent's video game 'PlayerUnknown's Battlegrounds,' as tensions escalate on the border

Smartphone with Chinese applications is seen in front of a displayed Indian flag and a "Banned app" sign Reuters The Indian government has blocked 118 more Chinese apps, including Tencent-published video game “PlayerUnknown's Battlegrounds,” internet search engine Baidu, and Alibaba’s payment app Alipay. India banned 59 Chinese apps in June, including TikTok, after its forces clashed with Chinese troops on the nations’ Himalayan border. The Indian IT Ministry said the latest ban would prot...
Tags: Mobile, London, China, India, US, Trends, App, Border, Alibaba, Tencent, Vpn, Baidu, Ban, Reuters, Tech Insider, Tensions

How technology is a weapon in the fight against COVID-19

As the COVID-19 cases continue to rise across the globe, companies are working hard to develop innovative solutions to fight the coronavirus pandemic. Chinese companies such as Alibaba have led the way using artificial intelligence, data science, and technology. Startups are teaming up with clinicians, engineers, and government entities to reduce the spread of COVID-19. […] Find jobs at Careers by Search thousands of physician, PA, NP, and CRNA jobs now. Learn more.
Tags: Health, Tech, Alibaba, Infectious Disease, PA NP, CRNA, COVID-19 Coronavirus

Alibaba investment sparks 259% rally in Chinese delivery firm

Getty Images / Xinhua News Agency YTO Express Holdings soared 259% on Wednesday after Alibaba increased its investment stake in the Chinese delivery firm by nearly $1 billion.Alibaba increased its holding from 10.5% to 22.5% in YTO Express, which is one of China's largest logistics-services providers.The parent company of YTO Express Holdings, YTO Express Group also surged 10% on the news.YTO Express Holdings trades in Hong Kong, while YTO Express Group trades in mainland China.Visit the B...
Tags: Hong Kong, Finance, China, Trends, Markets, Alibaba, Stocks, Stock Market, Logistics, Delivery, Traders, Delivery Service, Movers, Investors, Trader, Bernstein

China’s logistics titan YTO nets close to $1B from Alibaba in overseas push

E-commerce has brought in a logistics boom in China over the last decade, transforming small-town delivery businesses into multinational corporations. One leading player, YTO, is gearing up for international expansion after it secured 6.6 billion yuan or $970 million from its long-time ally and client, Alibaba. 20-year-old YTO announced this week it will sell 379 million shares to Alibaba at a price of 17.4 yuan per share, lifting Alibaba’s stakes in YTO from 10.5% to 22.5%. The founding couple ...
Tags: Amazon, China, Tech, Alibaba, State, Hong Kong International Airport, YTO, Road Initiative China, Tonglu Along, Tonglu, China National Aviation Corporation

Meet the 15 richest people in Asia, who are collectively worth more than $500 billion

Even with a net worth of $58.1 billion, Alibaba's Jack Ma is only the second-richest person in Asia. Sean Gallup/Getty Images The 15 richest people from Asia in the Bloomberg Billionaires Index and Forbes Billionaires List are collectively worth more than $500 billion.Some of the billionaires occupying the top rank are self-made and built their fortunes through tech empires, like Jack Ma, who founded Alibaba Group, China's largest e-commerce company. Others inherited wealth from their f...
Tags: Google, Photos, Asia, Hong Kong, Japan, Money, Microsoft, Life, China, Singapore, India, Trends, Bloomberg, Bbc, Features, Overwatch

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak

FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. (AP Photo/Thibault Camus, File) Associated Press Ant Group's upcoming IPO aims to raise a record $30 billion and could bring first-time tech fundraising to the highest level sinc...
Tags: Apple, Microsoft, Ipo, US, Trends, Tech, Bloomberg, Paris, Alibaba, Alipay, Bill Ackman, Jack Ma, Alphabet, Trump, Saudi Aramco, Jpmorgan

Paytm Mall denies any data breach, claims cybersec firm never contacted them

Paytm Mall has denied that its databases have been breached and called Cyble’s report about the hack and subsequent ransom “absolutely false”. In a message to MediaNama, the company’s spokesperson also denied Cyble’s claim that the cybersecurity firm had contacted Paytm Mall informing them about the breach. However, Beenu Arora, the founder and CEO of Cyble, said, “There was some noise about the Paytm Mall breach for some time, but the credible intelligence was received last week only. We reache...
Tags: Travel, News, Atlanta, Ransomware, Data Breach, Alibaba, Paytm, Bay, John Wick, Arora, Medianama, Paytm Mall, Cyble, Beenu Arora, Paytm Group, Paytm Mall What

TikTok parent ByteDance says it will ‘strictly follow’ China export controls

While Beijing has repeatedly spoken out against Washington’s pressure on Huawei, it has remained relatively quiet amid TikTok’s recent struggles in the U.S. As the red-hot video app approaches a final sale in the U.S., however, the Chinese authority moved unexpectedly to make the deal more complicated to go through. On late Friday, China’s Ministry of Commerce updated its export control categories to cover artificial intelligence technologies. AI is the anchor of ByteDance products including ...
Tags: Asia, Washington, Government, China, Disney, Tech, Artificial Intelligence, Beijing, Alibaba, Tencent, Huawei, Trump, Xinhua, Zhang, Ministry of Commerce, Cui

TikTok’s rivals in India struggle to cash in on its ban

For years, India has served as the largest open battleground for Silicon Valley and Chinese firms searching for their next billion users. With more than 400 million WhatsApp users, India is already the largest market for the Facebook-owned service. The social juggernaut’s big blue app also reaches more than 300 million users in the country. Google is estimated to reach just as many users in India, with YouTube closely rivaling WhatsApp for the most popular smartphone app in the country. Sever...
Tags: Google, Social, Startups, TC, Facebook, Apps, Asia, Twitter, Instagram, Youtube, China, India, Tech, Alibaba, Tencent, Silicon Valley

Chinese EV maker Xpeng shares jump 54% in NYSE debut - Reuters

:Chinese electric vehicle maker Xpeng Inc’s shares jumped 54% in their debut on the New York Stock Exchange on Thursday, after raising $1.5 billion in its upsized initial public offering. Shares of Xpeng, which counts Chinese e-commerce titan Alibaba and Xiaomi Corp among its backers, opened at $23.10 per American Depositary Share (ADS), up from the raised offer price of $15 per ADS. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Alibaba, New York Stock Exchange, Nyse, Reuters, Rupert Neil Bumfrey, Xiaomi Corp, Xpeng, XPeng Inc

Chinese EV startup Xpeng Motors raises $1.5 billion in US public market debut

Chinese electric vehicle startup Xpeng Inc. raised $1.5 billion through an initial public offering in the U.S. as investor interest in EVs and clean energy outstripped concerns over escalating tensions between the U.S. and China. The automaker, which is headquartered in Guangzhou, China and has offices in Silicon Valley and San Diego, said in a filing that it sold 99.7 million shares for $15 each, raising about $1.5 billion. The automaker had originally planned to sell 85 million shares with a p...
Tags: Startups, TC, China, US, Tech, Tesla, Automotive, Electric Vehicles, Shanghai, Alibaba, San Diego, Silicon Valley, New York Stock Exchange, Exit, Guangzhou China, XPENG Motors

Chinese EV startup Xpeng Motors raises $1.5 billion in U.S. public market debut

Chinese electric vehicle startup XPeng Inc. raised $1.5 billion through an initial public offering in the U.S. as investor interest in EVs and clean energy outstripped concerns over escalating tensions between the U.S. and China. The automaker, which is backed by Chinese e-commerce giant Alibaba and Xiaomi Corp, said in a filing that it sold 99.7 million shares for $15 each, debut, raising about $1.5 billion. The automaker had originally planned to sell 85 million shares with a price guidance of...
Tags: TC, China, Tech, Tesla, Automotive, Electric Vehicles, Shanghai, Alibaba, New York Stock Exchange, Guangzhou China, XPENG Motors, Xiaopeng Motors, Xiaomi Corp, Xpeng, Alex Tai SOPA Images LightRocket, XPeng Inc

Alibaba pauses India investments on hold for at least 6 months: Report

China’s Alibaba Group has put its plans for investments into Indian companies on hold, Reuters reported on Wednesday. The company will pause fresh funding for at least six months, but there are no plans to reduce stakes in Indian start-ups or exit any investments. Alibaba and its payments affiliate Ant Group’s investments in India include Paytm, Zomato, and BigBasket. Ant Group also has stake in Paytm Mall. Indo-China relations soured after the clash in Galwan valley, which left dozens of Indian...
Tags: Travel, Facebook, News, China, India, US, Alibaba, WTO, Alipay, Alibaba Group, Zomato, Paytm, Reuters, Indo China, Galwan, Ant Group

Alibaba’s payment service Ant fears being crushed by US bans on China trade

IPO filing spells out fears of being denied tech, cash and people Alibaba’s payment arm, Ant Financial, has filed for its initial public offering and disclosed the current and possible future impact of the China/USA trade war on the companies.…
Tags: China, US, Software, Alibaba, china USA