Alibaba’s cloud computing business is to deploy its big data services package for cities in Kuala Lumpur to help Malaysia’s government with the running of its capital city and potentially other parts of the country in the future. “City Brain,” an Alibaba Cloud service that uses big data and artificial intelligence on its cloud computing infrastructure, will be put to… Read More
Category: alibaba
The battle for consumers gets physical (instead of virtual)
The world’s largest taxi firm, Uber, is buying cars. The world’s most popular media company, Facebook, now commissions content. The world’s most valuable retailer is now Amazon, and has more than 350 stores. And the world’s largest hospitality provider, Airbnb, increasingly owns real estate. Things change. Read More
2018 might be Amazon’s year to take a leading role in online advertising
With WPP’s over 200,000 employees and a $75 billion media book, Sir Martin Sorrell has a uniquely privileged insight into the future of the online advertising industry. And he believes that 2018 might be the year that a third company joins what he calls the Facebook/Google “duopoly” in online advertising and search. Read More
Alibaba blames politics as Taobao retains place on US government naughty list
It hasn’t been a great couple of weeks for Alibaba in the U.S.. First affiliate Ant Financial’s proposed acquisition of MoneyGram collapsed due to objections from the U.S. government, now its Taobao service has the dubious honor of again featuring on the USTR (United States Trade Representative) naughty list. Taobao, Alibaba’s hugely popular marketplace, is among 25… Read More
E-commerce startup citiesocial raises $2.75M led by Alibaba’s fund for Taiwanese entrepreneurs
Citiesocial, a Taipei-based startup that helps emerging brands break into Asia’s e-commerce market, has raised $2.75 million led by Alibaba Taiwan Entrepreneurs Fund, a non-profit backed by Alibaba Group to support local startups. CDIB Capital and returning investor Cherubic Ventures also participated. The capital will be used to expand citiesocial into China, South Korea and Japan this… Read More
The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More
The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More
The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More
Alibaba Cloud is opening its first data center in India
Alibaba is bringing its cloud computing business into India as it continues to expand its first-growing business unit.
The Chinese firm said today that its first data center on Indian soil will come online in January and be based out of Mumbai. The business already has clients in India, but a local presence will allow it to better service customers in the country, it added.
Beyond offering… Read More
Tencent and JD.com invest $863M into e-commerce firm Vipshop to battle Alibaba
Tencent, the internet giant that recently became Asia’s first $500 billion company, is continuing its investment spree after it agreed to buy $604 million in shares of Chinese online retailer Vipshop. The deal is being made with long-time partner JD.com, which will invest $259 million into Vipshop, which is listed on the New York Stock Exchange. That takes the total between the two to… Read More
Alibaba will soon begin selling cars using these gigantic vending machines
Alibaba last week announced a deal to help Ford sell electric vehicles in China but, aside from the big names involved, the most intriguing part was a proposed vending machine for sales. Now the firm has spilled details of what exactly that will look like. The ‘Car Vending Machines’ are futuristic buildings that look like a gigantic version of something you’d find in Toys… Read More
Ford recruits Alibaba to help break into China’s electric vehicle industry
Ford has put a lot of focus on China’s electric vehicle market — with a local joint venture expected to lead to 15 electric or hybrid models on sale in the country by 2025 — and today the automotive giant announced a tie-in with Alibaba to fulfill its ambitious goals.
The scope of alliance is fairly broad and vague at this point, but a large chunk of the”strategic… Read More