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Amazon may acquire a 26% stake in Mukesh Ambani’s Reliance retail

E-commerce major Amazon may buy 26 percent stake in the country’s largest retailer Reliance Retail. This information was given by two senior officials in the industry. However, they made it clear that nothing has been finalized yet. Both the companies are just talking about it. Incidentally, Reliance has been in talks with China’s Alibaba Group […]

China’s launches to sell products via Google Express, China’s second-largest online shopping service, has begun selling some of its goods via a Google eCommerce platform in the U.S., Google Express, a tie-up that offers both sides a chance to expand their virtual retail reach. The online retailer is now preparing to set up a storefront on Google’s platforms. is now […]

Intel and Alibaba teaming to develop Smart Athlete Tracking Technology for 2020 Olympics

Intel and Alibaba have announced a partnership on developing artificial intelligence (AI) technology at the 2019 Consumer Electronics Show. It will leverage both of the companies’ resources and is primarily aimed at the next Olympics Games that is to be held in Tokyo in 2020. Intel’s new 3D Athlete tracking technology is hosted on Alibaba’s cloud […]

Alibaba wins preliminary injunction against cryptocurrency Alibabacoin

Knocking horns with its similarly named virtual currency Alibabacoin, China-based e-commerce giant Alibaba won a preliminary trademark infringement case in a New York federal court against Dubai-based cryptocurrency firm Alibabacoin Foundation, barring it from using the name ‘Alibaba’, or likeness; obtaining a preliminary injunction against the foundation—which sells a cryptocurrency using that name. This means […]

Jack Ma gives up as an owner of Alibaba Business Licenses

Tycoon Jack Ma concedes his ownership entities that hold Alibaba Group Holding Ltd’s business licenses in China. Alibaba confirmed this news on Monday of Mr. Ma renouncing his ownership entities. On Sept, 10 Mr. Ma announced about him stepping down as an executive chairman of Alibaba in 1 year by handling the job to Chief […]

Alibaba releases AliOS 2.0 for providing amazing internet car experience

At the 2018 Hangzhou Yunqi Conference, Alibaba released a new AliOS 2.0 system which is promised to better in five fields: perception, interaction, application, platform, and security. AliOS 2.0 is predicted to redefine the standards of next-generation internet cars. New perception: This includes a more comprehensive reception of the car, which would cover the car […]

Alibaba plans to launch its own AI chip in 2019 to support self-driving cars

The Chinese eCommerce giant Alibaba Group Holding Ltd, at an event in Hangzhou, China, on Wednesday, reportedly said it will initiate a chip subsidiary dedicated to developing and launching its first AI inference chip in the second half of 2019, according to Reuters. The Alibaba AI chip will have the capability to power Alibaba’s cloud […]

Alibaba co-founder and executive chairman, Jack Ma, to retire

Jack Ma, the co-founder and executive chairman of the Chinese eCommerce giant Alibaba, has stated that he plans to step down from his current position and pursue philanthropy in education. Mr. Ma started Alibaba in 1999, progressively building it into one of the world’s most influential and weighty eCommerce and digital payment companies, thereby transforming […]

Alipay bans accounts affiliated with OTC Bitcoin trading

The Hangzhou-based Alipay mobile payment processing service, owned by the multi-national conglomerate Alibaba, has banned accounts connected with over-the-counter (OTC) Bitcoin trading, as has been reported by Beijing News in the morning of August 24. The news reports that Alipay will start to put restrictions on, or even outright ban, accounts that propagate OTC cryptocurrency […]

Alibaba in collaboration with SoftBank to invest $3 billion in food delivery service, owned by Alibaba, and Koubei, is a food delivery business that has been merged and received $3 billion in funding from the Chinese eCommerce giant and SoftBank. Alibaba said in its earnings statement that would be merged with Koubei, an affiliate company that focuses on bringing local businesses online by providing payment and other […]

Alibaba heads towards digital transformation, launches Cloud IoT video service Link Vision

The security industry is to receive a bright lining up ahead with the launch of Alibaba Cloud IoT’s video service Link Vision 1.0, including the IoT video open platform and the Internet of Things video AI solution. The security industry, which started out with the traditional mold of security cameras, has steered in a new […]

Alibaba’s G Plus robot can deliver packages at 9mph with extended stamina

Alibaba announced two tech innovations at its Cainiao Network 2018 Global Smart Logistics Summit on yesterday, May 31 to take care of delivery issues. There’s a storage locker with facial recognition to keep food warm, named Cainiao box, and it can be installed right out the door. The more anticipating one is the robot named […]