Alibaba’s eCommerce platform and Singaporean eCommerce company, Lazada announced on October 30 that personal information including addresses, partial credit card numbers from 1.1 million accounts had been hacked. Undoubtedly, this is a major breach in the city-state of 5.7 million people. A spokesperson on behalf of the company Lazada said in a statement, “The user […]
Jack Ma, the founder of eCommerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released on Tuesday. Ma’s fortune rose 45% percent over 2019 to 58.8 billion, according […]
Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. Tokyo-based SoftBank announced Ma’s resignation Monday, ahead of releasing financial results. It did not say why he was leaving. Ma, co-founder of Chinese eCommerce giant Alibaba, […]
Xpeng Motors announced that the Xpeng P7, the intelligent electric coupe set for launch in the spring of 2020, will be the first to implement Internet Finance Authentication Alliance (IFAA) standards-compliant authentication digital car key technology. The P7 will also be the first to implement Alibaba’s In-Car Mini APP platform, leading the entry of the […]
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 […]
JD.com, 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. JD.com. The online retailer is now preparing to set up a storefront on Google’s platforms. JD.com is now […]
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 […]
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 […]
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 […]
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 […]
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 […]
