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…

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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…

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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…

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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…

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