Amazon In Talks To Acquire TuSimple
The U.S. e-commerce giant Amazon is negotiating with TuSimple, a Chinese self-driving truck company, about acquisition details, people familiar with the matter told Tmtpost.
Amazon Quits China Market — Another U.S. E-commerce Giant Failing in China
Amazon will close its domestic e-commerce marketplace business in China, effective from July 18. The company will keep running other business sections in China, including Amazon Web Services, Kindle e-books, and cross-border operations.
Amazon to Exit China This Week
Amazon will be exiting China and releasing an official statement on the matter this week, as insiders have told Chinese media. Actual date of disclosure is unknown.
Amazon China is Merging with NetEase Kaola on Cross-border Shopping
Amazon China and NetEase Kaola, a cross-border e-commerce, are negotiating to merge their overseas purchase business. Led by Kaola, the merger might be completed by split-offs.
CEO Speaks on JD.com’s Decade of Logistics Development
JD.com logistics CEO Wang Zhen-hui said at 2017 NewGen Logistics World Summit on December 11 that due to consumption, industrial upgrades and technological advancements, the logistics industry is entering a new era defined by short chains, smartness and symbiosis.
Tencent Passes Facebook to Become 5th Largest Tech Company
The share price of Tencent Holdings (00700.HK) rose by more than 3 percent in early trading on November 21. At 9:53 am, Tencent’s market value reached HK $4.128232 trillion, or about US $528.471 billion, surpassing Facebook, whose market value is US $518.346 billion, to become the world’s fifth-largest technology company by market value.
Xiaomi Expands to US Market with Five Products on Amazon
Xiaomi is bringing new products to the US market, TechWeb reported on November 20. Its new offerings on Amazon.com include two headsets, a 10,000 mAh portable power bank, a 360-degree panoramic camera and a sweeping robot.
Tencent’s Daily Revenue Nears 200 Million Yuan, Draws Near Other Global Giants
Seven of the Top 10 are Internet technology companies – namely, Apple, Google, Microsoft, Amazon, Facebook, Tencent and Alibaba – have a combined market value of $4.25 trillion, close to Japan’s GDP in 2016.
Amazon Sells AWS China for 2 Billion Yuan Over Compliance Issues
Compliance issues have been an important factor limiting the development of foreign cloud service providers in China.SINNET (SZ. 300383) announced intent to purchase assets related to Amazon’s cloud services from Amazon Technology Services (Beijing) for no more than 2 billion yuan on November 13.
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 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….
Can Jack Ma win the looming war between Alibaba and Amazon?
Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since…
Mobvoi Launched New Smart Speaker Tichome
Tichome, Mobvoi’s new smart speaker is going to get crowdfunded and be released soon. Mobvoi held a press conference on August 24th, announcing the official release of its brand new smart speakers Tichome at a price of 999 yuan. Members who were in on the crowdfund can purchase the speaker at a price of just…
Will unstaffed convenience stores bring about the revival of offline retail stores?
The new business of opening up unstaffed convenience stores was suddenly a hot topic recently. Startup companies flocked to the idea; industrial big names and business giants are also gearing up, eager to take a shot at the business. In December of 2016, following Amazon’s opening of its first self-driving grocery store in Seattle—Amazon Go,…
Southeast Asia becomes Alibaba and Tencent’s new battle field
Two global technological forces are disrupting the peaceful ecological environment in Southeast Asia. They’re not Silicon Valley technological companies like Google or Facebook. They are the two Chinese giants Tencent and Alibaba. The two companies provide the strongest financial support and the most successful business experience for venture capital firms in Southeast Asia. More and…