Have you ever used Pinduoduo? There is a wide variety of e-commerce start-ups in China, but why is Pinduoduo suddenly so popular ? SEE ALSO: Go For the WeChat Gold: E-commerce Business Increases 20 times In One Year? It is because it has a large user base? Public data show that Pinduoduo has already attracted…
Recently, the U.S. ban on sales to ZTE has aroused much attention to the chip industry in China. Today, Alibaba DAMO Academy (DAMO stands for Discovery, Adventure, Momentum, and Outlook) claims that it is developing a neural network chip called Ali-NPU
On April 18th, The International Fund for Agricultural Development (IFAD) and Ant Financial Services Group signed a Joint Declaration of Intent to explore ways to contribute to economic development in rural areas and to reduce rural poverty in China and other developing countries.
During the 2018 annual conference of the Boao Forum for Asia (BFA), Jack Ma said that if China-U.S. economic and trade relations deteriorate, the promise he made last year during a meeting with U.S. President Donald Trump to create a million jobs in the United States will become null and void.
Ant Financial Services Group announced today that Lucy Peng will be stepping down from her role as Executive Chairman of Ant Financial to focus on her new role.
On April 2, Alibaba Group joined hands with Ant Financial in conducting the buyout of Ele.me at $9.5 billion. The Vice President of Alibaba Group Wang Lei will serve as the CEO of Ele.me, and there will be no differentiation between the teams of the two companies.
At 10 a.m. on April 3rd, a Tencent autonomous vehicle appeared for the first time on the Fourth Ring Road in Beijing. The autonomous vehicle is a white converted Changan SUV topped with a laser radar (LIDAR) that is possibly the Velodyne 64, and with a modified sensor or LIDAR at the rear.
At the 2018 Computing Conference in Shenzhen on March 28, Simon Hu, Alibaba Group senior vice president and Alibaba Cloud president, announced that Alibaba will commit efforts in the Internet of Things (IoT), which will become Alibaba Group’s new focus after e-commerce, finance, logistics, and cloud computing.
Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the Alibaba ecosystem. Lazada is the largest e-commerce platform in Southeast Asia.
“China will dominate the field of AI in 2018,” said Amy Webb in the annual Science and Technology Trends Report. Webb is the founder of Future Today Institute and a professor of New York University. Webb predicted that nine tech giants, including Alibaba, will dominate the future of artificial intelligence.