Tencent bumps Facebook from top 5

Soft toys promoting QQ, operated by Tencent Holdings Ltd, are displayed at an expo in Guangzhou, Guangdong province, Dec 6, 2016. [Photo/VCG] Dubbed the “anchor” of the benchmark Hang Seng Index, Tencent knocked Facebook off the pedestal to become the fifth-largest company around the world in terms of market value on Tuesday. This came after the… Please follow and like us:

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Plans set to protect United Kingdom businesses active on Alibaba

By Help is on the way to protect British enterprises, especially the small and medium-sized ones that do business on Taobao, from intellectual property infringement. The China-Britain Business Council said it will work with Chinese e-commerce powerhouse Alibaba Group to find a better solution to protecting those companies from the United Kingdom using the group’s online… Please follow and like us:

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Beijing unseats Silicon Valley to become world’s top tech hub

Beijing’s Zhongguancun has unseated San Francisco’s Silicon Valley as the top technology hub in the world, according to a report by Expert Market, a US-based business resource company. Beijing’s Zhongguancun tech community has became the top destination for the brightest tech talents around the world, due to its favorable climate for early stage funding, good performance… Please follow and like us:

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China-Russia economic ties enhanced by trade and big projects

Editor’s Note: Russian Prime Minister Dmitry Medvedev wrapped up his three-day China trip on Nov 2 with nearly 20 deals in investment, energy and space exploration and agreed with Premier Li to advance pragmatic cooperation between the two countries. With current Sino-Russian relations in the best period of history, Medvedev said Russia is willing to enhance… Please follow and like us:

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Online retailers give intelligent logistics a boost

Major Chinese online retailers are beefing up efforts to build intelligent logistics systems, by deploying robots in warehouses to enhance work efficiency, in preparation for the upcoming Singles Day shopping spree. Cainiao Network Technology Co Ltd, the smart logistics network of e-commerce giant Alibaba Group Holding Ltd, announced on Tuesday it had launched a flagship intelligent… Please follow and like us:

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Alibaba announces multibillion dollar research project with Israeli R&D center

Chinese e-commerce giant Alibaba is launching a global research project with ambitious goals – and an Israeli research hub. The Alibaba Group announced on Wednesday the creation of a global “Academy” dedicated to innovation and technological collaboration. The program – which Alibaba says will see $15 billion in R&D investment over the next three years –… Please follow and like us:

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Tech Dominates Overweight Stocks List But Guess Which One’s Not On It

This week brings the end of the third quarter, which means that some fund managers may be rebalancing their portfolios for the end of the quarter. Major technology names have long been favorites of active fund managers, and this year has especially been a roaring year for most of them. As a result, it comes as… Please follow and like us:

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AI Stocks As A Theme: More Than Alphabet, Amazon And Facebook

Artificial intelligence has been a hot topic lately, as we’re now in a time when most consumers with a mobile phone have access to an AI assistant. Big data is also looming large as tech companies squeeze demographics, contact information and much more out of consumers. Essentially, if you do almost anything online, you’re creating data… Please follow and like us:

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Alibaba reports soaring revenue

The norm of shopping online for everything from daily essentials to big ticket items in China has boosted quarterly sales to all-time high for Alibaba Group Holding Ltd. The world’s largest e-commerce operator by transaction volume on Thursday reported its revenue jumped by 56 percent to 50.2 billion yuan ($7.4 billion) in the quarter ended June… Please follow and like us:

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The Consumer – Changing Behaviours

The way we spend our time and money has been changing. Selfies are a new form of ‘art’ work, more communication is done with emojis and worser grammar than ever before and shopping continues to move out of the mall to your phone. The only certainty is that change will continue. Your favorite activities, brands and… Please follow and like us:

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Apple eyes big bite of mobile payments

A man learns how to use Apple Pay at a bank in Hangzhou, capital of Zhejiang province. [Photo by Long Wei/For China Daily] Apple Inc is launching a large promotion campaign in China to promote Apple Pay, in a move to expand its presence in the local mobile payment market dominated by Alibaba Group Holding Ltd… Please follow and like us:

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China, Russia embrace new opportunities for economic cooperation

BEIJING — For online shoppers in Russia, the go-to website is neither Amazon nor a local e-commerce portal, but AliExpress, an e-commerce site run by China’s Alibaba Group. Over 22 million visitors logged onto the site in January 2017, making it the most popular e-commerce site in Russia, leaving local counterparts such as Ozon.ru and Eldorado.ru… Please follow and like us:

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Alibaba hires top scientist to mastermind AI drive

Two men chat beside a logo of Alibaba at its headquarters on the outskirts of Hangzhou, Zhejiang province. [Photo/Agencies] Internet powerhouse Alibaba Group Holding Ltd has appointed a seasoned scientist at Amazon.com Inc to spearhead its efforts in artificial intelligence, a move that will propel its so-called “NASA plan” to double up on technology research. Alibaba… Please follow and like us:

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Big Data gives China’s top 3 Internet Firms Big Leverage

China’s three big Internet-driven companies, Alibaba, Tencent, and Baidu, are set to influence a vast section of the country’s business because they control data concerning the consumer and social behavior of millions of people. The awesome power comes from the government’s drive to develop a “big data” industry, which is thriving in China. Several other players,… Please follow and like us:

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Alibaba’s ‘new retail’ plan gets teeth

E-commerce giant Alibaba Group Holding Ltd is penetrating deeper into the offline sector to build its “new retail” model. It spent an estimated but unspecified amount of over HK$630 million ($80.88 million) for an 18 percent stake in Hong Kong-listed Lianhua Supermarket Holdings Co Ltd on Friday. Post the deal, which was announced by Lianhua, Alibaba… Please follow and like us:

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