Tag Archives: Alibaba

Alibaba Turns eWTP into Reality with Creation of First Overseas E-hub

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Alibaba Turns eWTP into Reality with Creation of First Overseas E-hub in Malaysia

The e-hub as part of Malaysia’s Digital Free Trade Zone will be established via public-private partnership. Kuala Lumpur, March 22 2017 – Alibaba Group announced today the establishment of an e-hub under the Electronic World Trade Platform (eWTP) initiative together with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and other parties. This marks a key milestone

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Amap to Offer Free HD Map Service Solutions to Automakers

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Amap, a Chinese web mapping, navigation and location-based services provider will make its HD map and data services free of charge for automakers during their development and testing of self-driving cars. PRNewswire/ — Amap Software Co., Ltd., made the announcement at the company’s 2016 Computing Conference in Hangzhou on October 15. Amap’s free HD map service offers an alternative solution for both automakers and map service providers

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Chinese Ride-Hailing Company Ucar Partners with Online-Ed Startup BitTiger

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to Attract Top Self-Driving Car Engineers Alibaba backed Ucar has opened a research outpost in Silicon Valley partnering online education startup BitTiger to develop self-driving vehicle technology. BitTiger will offer deep-learning coding class and run competitions that will offer cash prizes; and the winners will be earmarked as potential candidates for employment in the company. PRNewswire/ — Ucar (神州专车) booked approximately 15%1 of

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Pos Malaysia Looking for Direct Logistics Deal with Alibaba

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KUALA LUMPUR — Malaysia’s biggest postal company is seeking a more direct role in providing logistics services to Chinese e-commerce giant Alibaba Group Holding Ltd. Pos Malaysia is planning talks with Alibaba this month on bypassing the middlemen when shipping goods sold on its platforms, said Mr Mohd Shukrie Mohd Salleh, its chief executive. “My focus is still e-commerce, and

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Chinese Alibaba Baidu Swallowing India’s Start-ups

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According to people in the know, Alibaba has discussed alliances with several online marketplaces, including Snapdeal and Shopclues. It has also held talks with business-to-business (B2B) players, logistics companies, and technology start-ups. Another Chinese Internet major Baidu also has held talks with a number of players, including Zomato and Shopclues, but nothing significant has emerged. India is a focus market

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China is Not Big Enough… For Alibaba

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Chinese e-commerce giant Alibaba looks East and down South Asia for growth as China market matures Alibaba Group Holding Ltd., its business maturing at home in China, is seeking out growth in India and Southeast Asia. In Southeast Asia, Alibaba paid $1 billion in April for a controlling stake in Singapore-based e-commerce startup Lazada Group, its biggest overseas acquisition to date. Southeast Asia is

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Alibaba Cloud Computing Revenue Jump 156%

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AliCloud -computing business revenue from that business increased 156% year over year to $187 million competing in an arena dominated by Amazon Web Services and Microsoft Azure. Alibaba Group Holding Ltd. said it would continue to step up its investments after reporting a better-than-expected 59% surge in fiscal first-quarter revenue, its biggest gain since its $25 billion initial public offering two years ago. Revenue for

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Uber Sells China Operations to Didi Chuxing

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Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion, Didi Chuxing Technology Co. Didi, said Monday that Uber and investors in its UberChina unit will take a 20% stake in the company. Combined with Uber’s China business that was valued

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