Alibaba is forecasting yet more growth for its business after it beat analyst forecasts with its fourth-quarter results. Revenue came in at 61.9 billion RMB ($9.9 billion), an increase of 61 percent year-over-year, which topped a 59.6 billion RMB prediction from analysts polled by S&P Global Market Intelligence. The company’s net income for the quarter did […]
View More Alibaba beats forecasts with 61% growth and predicts more of the same for the next yearCategory: alibaba group
Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fund
GetLinks, a Thailand-based startup that offers a job finder app in six countries Southeast Asia and neighboring regions, has closed new funding led by Australia’s Seek group and Alibaba’s Hong Kong Entrepreneur fund. The size of the investment was not disclosed. GetLinks previously raised $500,000 in 2016, and it later added $150,000 more to that […]
View More Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fundReport: Smartphone usage set to overtake time spent watching TV in China
2018 is the year that smartphone usage eclipses time spent watching TV in China and it’s all down to the growth of digital video platforms, according to a new report from eMarketer. You’d be forgiven for thinking that this had already happened in China, which happens to be the world’s largest smartphone market, but eMarketer forecasts […]
View More Report: Smartphone usage set to overtake time spent watching TV in ChinaGenetics testing startup Prenetics buys UK’s DNAFit to move into consumer services
Prenetics, a Hong Kong-based startup that offers genetic testing services for patients, is expanding outside of Asia and into the consumer space after it acquired London-based company DNAFit. The deal — which a source told TechCrunch is worth $10 million — not only sees Prenetics enter new geographies, but also expand the scope of its services. […]
View More Genetics testing startup Prenetics buys UK’s DNAFit to move into consumer servicesIs America’s national security Facebook and Google’s problem?
Jamie Metzl Contributor Share on Twitter Jamie Metzl is a Senior Fellow for Technology and National Security at the Atlantic Council. More posts by this contributor Homo Sapiens 2.0? We need a species-wide conversation about the future of human genetic enhancement Eleonore Pauwels Contributor Share on Twitter Eleonore Pauwels is Director of the Anticipatory Intelligence […]
View More Is America’s national security Facebook and Google’s problem?Our digital future will be shaped by increasingly mobile technologies coming from China
Since the dawn of the internet, the titans of this industry have fought to win the “starting point” – the place that users start their online experiences. In other words, the place where they begin “browsing”. The advent of the dial up era had America Online mailing a CD to every home in America, which […]
View More Our digital future will be shaped by increasingly mobile technologies coming from ChinaWalmart brings its partnership with JD.com into the food business
Walmart is bringing its partnership with JD.com into its grocery business. The Chinese physical store will stock products that customers can also buy through its Walmart’s virtual storefront on the Chinese electronic marketplace, JD.com, according to a report in Reuters. Walmart first partnered with JD.com two years ago as both companies struggled to overcome the […]
View More Walmart brings its partnership with JD.com into the food businessAlibaba to buy all remaining outstanding shares of local delivery service Ele.me
As expected since February, Alibaba will buy all outstanding shares of Ele.me that it doesn’t already own. Best-known for food deliveries, Ele.me claims to be China’s biggest online delivery and local services platform. In an announcement, Alibaba said the deal values Ele.me at $9.5 billion. Alibaba, which first invested in Ele.me two years ago, and […]
View More Alibaba to buy all remaining outstanding shares of local delivery service Ele.meBaidu’s streaming video service iQiyi falls 13.6% in Nasdaq debut
The streaming video service iQiyi, a business owned by China’s online search giant Baidu, dropped 13.6% in its first day of trading on the Nasdaq — closing at $15.55, or down $2.45 from its opening price of $18. The company still managed to pull off one of the largest public offerings by a Chinese tech […]
View More Baidu’s streaming video service iQiyi falls 13.6% in Nasdaq debutFord and Alibaba unveil car vending machine
Car shoppers in Guangzhou, China now have the ability to buy or try a car using a smartphone app and a car vending machine. The facility came out of a partnership signed two years ago between Ford and Alibaba . Called the Super Test-Drive Center the center houses dozens of Ford vehicles in the multi-story building. Users […]
View More Ford and Alibaba unveil car vending machineChinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group
Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Read More
Former state Senator Jeremy Ring talks about the first days of Yahoo
In this episode of Technotopia I talk to Jeremy Ring, a former Florida state senator and author of We Were Yahoo!, a meditation on his career as one of the first employees at Yahoo. Ring has a lot to say about the search giant – including plenty of complaints about how things were run over the years – and some insights into technology and modern politics. His book is available now… Read More