Alibaba

China’s online retailer JD is going global, first stop is Southeast Asia

China’s online retail and logistics giant JD is now eyeing up the Indonesian market. It seems the country of 250 million provides the right environment for JD’s next round of international expansion. If all goes to plan, local consumers will see fresh food delivered to their homes by JD’s refrigerated lorries within five years. The […]

Baidu Releases Self-driving Software For Free

Chinese search engine company Baidu announced their autonomous car software will be free for download, with the aim to collect data and attract more users to their open-source AI platform. The announcement was made on July 5 during their “Baidu AI Developers Conference” (Baidu Create 2017). Baidu Founder Robin Li had made quite a stir […]

Yu’EBao Reserves Reach 1.43T Yuan, Near ‘Big Four’ Banks

Yu’EBao was holding nearly 1.43 trillion yuan at the end of June 2017, up nearly 80 percent from the 0.8 trillion yuan it held at the end of 2016, according to a new report from Alibaba’s Tianhong Asset Management. Its funds increased nearly 300 billion yuan by the end of June, up from 1.14 trillion […]

Silicon Valley’s China Paradox

Li Zhifei has spent his professional career cross-pollinating the world’s two most vibrant innovation ecosystems. Born in central China at the dawn of reform and opening, Li graduated college in China and dove headfirst into the country’s dot com boom of the early 2000s. When that bubble burst, he headed to Johns Hopkins University for […]

The Real Threat of Artificial Intelligence

BEIJING — What worries you about the coming world of artificial intelligence? Too often the answer to this question resembles the plot of a sci-fi thriller. People worry that developments in A.I. will bring about the “singularity” — that point in history when A.I. surpasses human intelligence, leading to an unimaginable revolution in human affairs. […]

After fighting with Baidu, JD.com may join the BAT Group

JD’s (京东）closing price on June 26 was $43.08, raising their total market value to $61.149 billion. They are quickly approaching to Baidu‘s total market value of $61.973 billion at the time, thus threatening the existing group of tech giants BAT: Baidu, Alibaba, and Tencent. In comparison, Baidu is lagging behind the other two in terms […]

Meituan CEO talked about relationships with BAT

The more you try to do, the more enemies you’ll make. Meituan Dianping has learned this lesson through experience. In its early days, the company organized discounted group purchases; later on it became an online movie ticket retailer. Over the years it also tried its hand at takeout, catering and travel services. More recently, Meituan […]

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