Alibaba Archives - Page 16 of 18

Alipay Launched Credit Rent

On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]

Chinese Tourists Purchase a Lot with Alipay and 70 Japanese Banks have Decided to Fight Back

Today, China’s National Day golden week has become a global golden week. Data estimate that more than six million Chinese travel overseas during this year’s National Day holiday. With the steps of Chinese tourists, many foreign merchants have started to use China’s advanced mobile payment methods. If there is no Alipay or WeChat payment, the […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

More details about Alibaba’s investment in Cainiao

On September 25, in a bid to further fuel the progress of its “new retail” strategy, Alibaba announced that it intends to raise its stake in its affiliate—Cainiao Network and pledged 100 billion yuan investment in next five years to the logistics arm that had already received tens of billions yuan to expedite leading global […]

Writing Software Floods the China’s Internet

Yesterday, People’s Daily reported that plagiarism prevails in online novels and that a writer who suspected of plagiarism was found to have used material in writing software. According investigation, there are numerous stores selling writing software in Taobao. And many software storekeepers say that such software is used to assist novel writing but mainly, the […]

A Chinese Startup Argued Alibaba’s Taobao Plagiarized

On September 29, a netizen called Wu Liang released an article titled In Today’s Version of Alibaba Baba and Forty Thieves, Alibaba itself is Forty Thieves on Zhihu, claiming “Alibaba unexpectedly took our technical proposal in the name of the cooperation and completely copied our app.” According to ‘Wu Liang’, the “smart skin quality measurement”（智能测肤） […]

Alibaba Increased its Holdings in Cainiao Network

Alibaba group announced today that in order to further promote the new retail strategy, it will increase holdings of Cainiao Network. Apart from tens of billions CNY it has invested, over the next five years, Alibaba will continue to invest 100 billion yuan in Cainiao, so as to accelerate the construction of logistics network and […]

China will release favorable policy for foreign new energy vehicles

Once the policy is released, Tesla will be on an equal footing with the start-up car companies. On April 22, 2014, Tesla CEO Elon Musk personally delivered the first Model S cars in China to Yu Yongfu, the chairman of Alibaba Entertainment; Li Xiang, the CEO of CHJ Automotive(车和家); Chinese famous host Wang Han and […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

Alibaba Released a New Brand AliOS Entering Automotive and IoT Field

Alibaba Group announced the upgrading of its operating system strategy and launched a brand new AliOS whose slogan is to drive everything smart. The new Alibaba operating system will continue to increase its investment in the IoT field and IoT operating systems in automotive, IoT terminals, IoT chips and industrial areas. On September 27, Alibaba […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba‘s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

Chinese Apps Become Popular Overseas

Chinese apps are popular overseas, especially in Russia, America and Japan last quarter. Tool, photography and video apps are the most popular ones. In Russia, the top 250 apps in the two largest stores—— App Store and Google Play enjoy over 222 million downloads, among which about 17.88 million comes from Chinese apps, with a […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

Ant Financial will launch Face ID for package pickups

On September 14, Alipay and Cainiao Global held the Global Logistics and Supply Chain Conference (GLSC) in Shanghai, and announced that they will provide services for SMEs form the most basic payment to marketing, credit, and finance businesses. At the same time, the Ant Financial will use face recognition technology in the logistics industry, so […]

Tencent and Alibaba Announces a Music Copyright Cooperation

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent […]

Well-known Quantum Technology Scientist Yaoyun Shi Joined Alibaba

Yaoyun Shi, a world-renowned quantum computing scientist, tenured professor of the University of Michigan and winner of Career Award, National Science Foundation, USA, has officially worked for Alibaba and now serves as the chief quantum technology scientist for Alibaba Cloud Computing Co. Ltd. Shi is another top scientist that works for Alibaba since the company […]

Pony Ma Says Tencent Will Invest Vigorously in Cloud Computing, AI and Big Data

Outline: Anything linked to cloud computing and AI will be involved with big data. The development of these technologies are undoubtedly where the future is headed towards. On September 8th, the Chairman and CEO of Tencent, Pony Ma, delivered a speech at the Tsinghua University Insight Forum. On the topic of the integration of business […]

Alibaba will establish their own shopping mall—“More Mall”

Jack Ma marked the year 2017 as the first year of Alibaba’s retail business. From 2017, Alibaba business empire expands its territory—involved in the convenience stores with Lingshoutong (零售通), supermarkets with Hema Xiansheng (盒马鲜生) and Bailian (百联), department stores with the privatized Yintai (银泰), and local life service platform with Koubei (口碑). In the whole […]

Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now

Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its initial public offering (IPO), a valuation of $10 billion. Tencent Music is held by Tencent holding company. According to insider, Tencent Music plans sell 3% of its share to strategic […]

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