alibaba

Amap, for example, is one of the most widely used map and navigation apps in China today. But when I open it on my phone, I can see over 30 functions that you wouldn’t find on Western-equivalent apps. Some of them still feel integral to the map experience, like recording when you last filled your car with gas, calling for roadside assistance, or comparing the prices of ride-hailing services. Others are pretty far removed: the app lets me check the purchase price of cars and contact a dealership, set up exercise goals…

Jane Zhang / Bloomberg: Internal Alibaba memo: Jack Ma has not yet sold any Alibaba stock due to the price not reaching his desired level; Ma planned to sell 10M shares for ~$870M — - Ma earlier planned to sell 10 million shares this week — Alibaba's overhaul in doubt after canceling cloud spinoff Jane Zhang / Bloomberg: Internal Alibaba memo: Jack Ma has not yet sold any Alibaba stock due to the price not reaching his desired level; Ma planned to sell 10M shares for ~$870M …

Nov. 16, 2023 10:10 am ETSINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite.Alibabaon Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect” the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s…

Streamline your email outreach strategy for success  —  This is a guest post by Upwise.  For a successful email outreach, it's crucial to align sales data with the marketing strategy.  However, this alignment is often hindered by siloed systems. Streamline your email outreach strategy for success  —  This is a guest post by Upwise.  For a successful email outreach, it's crucial to align sales data with the marketing strategy.  However, this alignment is often hindered by siloed systems. FOLLOW US ON GOOGLE NEWS…

As Jack Ma’s clash with the Chinese government draws to a close after almost three years, it’s clear how costly the conflict has proven for his companies, Ant Group Co. and Alibaba Group Holding Ltd.Chinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 billion. The investigation began after Ma critiqued Beijing’s regulation of the financial sector in 2020, forcing Ant to pull the plug on what would have been the largest initial public…

The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two digital payments giants. Tencent, along with its payments subsidiary Tenpay, has been fined approximately 2.99 billion yuan ($410 million) by the People’s Bank of China for “its past regulatory breaches in relation to the provision of payment services in the mainland of China,” the company said in a filing on Friday. On the…

Artificial intelligence (AI) has been a highly debated topic in recent times with people making arguments for and against its use in various fields. The introduction of ChatGPT has spurred further controversy as there have been instances of students using it for completing their assignments and writing exams. However, this hasn't put a stop to the rapid development that is happening in the field of AI. New research has shed light on an AI tool that is helping doctors cure brain cancer, while China's top tech companies,…

Alibaba has introduced an AI image generator, Tongyi Wanxiang, currently in beta form and only available to enterprise customers. This move is part of the company's efforts to expand its offerings in the rapidly growing AI industry.At the World Artificial Intelligence Conference in Shanghai on Friday, the Tongyi Wanxiang image generator was unveiled. Its name means "truth from tens of thousands of pictures.”Tongyi Wanxiang image generator will be in competition with OpenAI's DALL-E and MidJourney, both of which are…

Zhang had said the move was necessary amid "challenges and opportunities" in an uncertain economic landscape and pointed to cloud as one of three strategic focus areas for the company. Plans now are in the works for him to focus solely on the cloud business, with Joseph C. Tsai taking over as chairman and Eddie Wu assuming the role of CEO, in addition to a directorship on the board. Tsai currently is the executive vice chairman, while Wu is chairman of Alibaba's e-commerce business, Taobao and Tmall. Also: I bought 4…

Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO. Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…