Alibaba

(Source: Alizila) Alibaba has announced a major organizational shift in its company, integrating three of its major location-based businesses, namely AutoNavi, Local Life and Fliggy, into its life services section. The announcement was made on Friday by Zhang Yong, the current chairman and CEO of Chinese tech giant Alibaba Group. Yu…

Strike CEO Jack Mallers says Coinbase and other providers are overcharging customers to advance “shitcoins” From today, US customers of payments startup Strike can buy and sell Bitcoin at almost no fees, the firm has announced. Strike, which recently revealed plans to help El Salvador in its bitcoin adoption, aims…

Jack Mallers. Source: Twitter/@JackMallers Strike, a bitcoin (BTC) banking service by the US-based Bitcoin Lightning startup Zap, about to enable their users to buy BTC on its platform with no added fees - which would make a major difference in paying for transactions when compared to crypto exchange Coinbase, and…

FOR THE past decade few aspects of modern life have made geeks drool more than the cloud, the cumulus of data centres dominated by three American tech giants, Amazon, Microsoft and Google, as well as Alibaba in China. In America some liken their position of impregnability to that of Detroit’s…

Tencent Cloud Native Accelerator named 38 companies on its shortlist Tencent Cloud Native Accelerator announced the first phase of shortlist of selected companies, including 38 cloud-native companies such as Kyligence, StreamNative, Oushu, TreeLab, XSKY, and Open AI Lab. According to statistics, the total valuation of the above 38 companies exceeds…

Berkshire Hathaway Inc Vice Chairman Charlie Munger praised China's move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November. The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that…

(Image credit: TechNode/Eliza Gkritsi) In China, big tech is in the regulators’ crosshairs. Since financial regulators spiked an IPO for Ant Group, the Alibaba-affiliated fintech giant that was slated to outraise Saudi Aramco, tech majors have had to get used to fines, investigations, and meetings with regulators. This big tech…

The Jack Ma Foundation has pledged to spend at least 300 million yuan ($45 million) in the next decade to staff rural schools with qualified teachers. The foundation unveiled on Monday its Jack Ma Rural Pre-Service Teacher Initiative, which aims to draw graduates from normal universities to countryside schools on…

CBDC Digital Yuan Is Closing In On A Full Release As Major Institutions Start Using The CBDC Lujan OderaApril 27, 2021Alibaba’s Ant Group partnered with PBoC to develop China’s CBDC report.The digital yuan could overpower the influence of WeChat Pay and AliPay in the future.More institutions are adopting the CBDC…

(Source: Visual China) The Chinese government announced on Monday that it has launched an anti-monopoly investigation into food delivery giant Meituan, stepping up its campaign aimed at reining in the power of the country’s big tech groups. The State Administration for Market Regulation carried out the probe amid reports that…