China Tech News — Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media.
Want China Times — Although Chinese e-commerce giant Alibaba has not yet opened operations in the US, the rapid development of US e-retailer Amazon, particularly in cloud computing, poses a great challenge to Alibaba, the Shanghai-based China Business News reported. Alibaba created a miracle in September 2014 as its shares soared 38% on its first trading day after a record-breaking initial public offering (IPO) on the New York Stock Exchange (NYSE). The rise in its stocks sent the company’s value to over US$231 billion, exceeding the combined market capitalizations of Amazon and eBay, the two leading US e-commerce companies.
Datacenter Knowledge — Aliyun, the cloud services arm of Chinese web giantAlibaba, saw its Hong Kong data center go down for about 12 hours earlier this week, Caixin Online reported. Details about the cause of the outage are unavailable, and an Alibaba spokesperson did not respond to a request for comment. The company has offered two conflicting explanations about the outage, according to the report.
eWeek — Data center services provider Equinix will soon be doing a lot of business in the Far East, and its new partner, Alibaba’s Aliyun, will be doing the same in the U.S.The company signed an agreement earlier this month with Aliyun, the Alibaba Group Holding Limited’s cloud computing division, to provide direct access to Aliyun’s cloud platform via the Equinix Cloud Exchange in both Hong Kong and in Northern California.
Caixin — A data center in Hong Kong that is part of Alibaba Group Holding Ltd.’s cloud computing Aliyun arm suffered a 14-hour disruption on June 21, and then gave different explanations for the problem. Some of Aliyun’s corporate clients began to notice they could not access their data about 9:30 a.m. Aliyun then said on Sina Weibo, China’s answer to Twitter, that the problem was due to a power outage.
China Tech News — Alibaba is working directly with foreign embassies in China to expand its influence and sales potential around the world. The e-commerce company has opened 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies in China. A total of 11 countries will launch country pavilions on Tmall Global, an extension of Tmall.com China’s largest third-party B2C platform for brands and retailers.
China Tech News — Alibaba Group announced that the company and Taiwan-based Foxconn have made strategic investments of JPY14.5 billion, which is about CNY732 million, into SoftBank Robotics Holdings Corporation. Under the agreement signed by the three parties, Alibaba and Foxconn will hold a 20% stake in SBRH, respectively; while SoftBank will own the remaining 60%.
China Topics — InfoQ’s CNUT meeting with technology leaders in China was considered successful after it was attended by big technology companies such as Alibaba, Tencent, Baidu, Huawei, Ctrip, Meituan, JD and other tech companies in the country. The focus of the meeting, which was held in Beijing Babbitt Internet themed tea house, is about the possible effect of container technologies for cloud computing and its local role in domestic distribution.
According to a recent report of the Institute for Information & Communications Technology, the number of hardware manufacturers, including those producing electronic components, semiconductor products and equipment, IT hardware, telecoms equipment, and consumer electronics, is on the decline on the list of the global top 100 IT companies based on market caps, whereas that of software, IT services, and Internet service providers is showing a noticeable increase.
China’s e-commerce giant Alibaba sees promising prospects for the development of Russian online trading market, said Jack Ma, founder and chairman of the company. “Although we have only one employee working in Russia, Aliexpress managed to become the No. 1 most-visited e-commerce website in the country,” Ma told Xinhua. Launched in 2010, Aliexpress allows smaller buyers around the world to buy small quantities of goods at wholesale prices.
E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it’s Chinese. Alibaba this week scored a minor deal with China’s northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment. The pact is a small part of a growing portfolio of similar cloud services tie-ups between Alibaba and government bodies around China and comes against a backdrop of Beijing’s deepening paranoia about foreign technology.
Ant Financial Services Group, a small and micro financial services company under Alibaba Group’s Alipay, will officially launch their online banking platform MYbank on June 25, 2015. MYbank is also known as Zhejiang Online Business Bank and is one of the first five trial private banks approved by China Banking Regulatory Commission on March 11, 2014. This bank later gained construction approval on September 29, 2014.
The Chinese government says it is allowing foreign companies to fully own some e-commerce businesses in the country, as it looks to bolster overseas investment and boost market competition. Effective immediately, the new ruling applied to “online data handling and trade handling services, though, no details were provided on how existing e-commerce operators would be impacted, reported Reuters.
SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it’s Chinese. Alibaba this week scored a minor deal with China’s northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment. The pact is a small part of a growing portfolio of similar cloud services tie-ups between Alibaba and government bodies around China and comes against a backdrop of Beijing’s deepening paranoia about foreign technology.
Treading on new territory, Alibaba Group Holding Ltd. stock has been hovering in negative territory year-to-date. Reuters reports, according to experts, Alibaba’s ambitious expansion plans are paving way for an upward trend. Although Alibaba’s cloud computing service Aliyun is new, it has found a support system in the Chinese government. Alibaba bagged a cloud computing deal with the port city of Dalian in China. Based on the accords of the deal, Alibaba will be receiving assistance to set up a cloud computing center. Additionally, Alibaba will also be offering government services online.
Aliyun, the largest cloud computing services provider in mainland China, is looking to burnish its credentials in Hong Kong through an initiative that supports the business expansion of local start-ups. A subsidiary of e-commerce powerhouse Alibaba Group, Aliyun has formed partnerships with Hong Kong public utility Towngas as well as telecommunications and information technology giant PCCW to help provide local start-ups with a range of cloud computing services.
ALIBABA plans to launch an online video service that mimics that of US streaming giant Netflix, a report said yesterday, marking the e-commerce giant’s latest move to expand its business scope. Alibaba will offer Tmall Box Office via its own set-top box and smart televisions that use its operating system in about two months, said Liu Chunning, president of Alibaba’s digital entertainment business, according to Bloomberg News. Alibaba did not immediately respond to a request for comment.
Singaporean government-linked corporations are notable for their investments and dealings abroad, as well as their portfolio management methods, which are held up as models for state-owned enterprises. State-owned Temasek Holdings, for instance is often noted has been the subject of an NUS-CIMA study. Meanwhile, GIC has been the subject of much research often focused on sovereign wealth funds. Singtel has joined a network of partnerships led by Intel and Alibaba Group, while GIC is sourcing for more investment opportunities in West Bengal. In the energy sector, the Singapore-listed Ezra Group has secured contracts worth $115 million.
Alibaba Group Holding Ltd. has developed a security software that is now being used by China’s authorities to track and shut out illegal foreign technology that tends to threaten China’s consumer online security information. According to Bloomberg, the Alibaba software is directly connected to a police platform from a consumer’s point of transaction, making every online action susceptible to the scrutiny of the police department. The operating system is currently applied to ZTE’s handsets as part of the country’s dry run on the security software.
One of Asia’s richest men says that World War 3 is coming, and it will be beneficial to the world. Jack Ma, founder and executive chairman of Alibaba Group, has predicted a approaching wave of global conflict influenced by the Internet, writesmoneycontrol.com. Before you think that Ma is a war-mongering nut, it’s best to mention that he is talking about a different kind of war than most of you are probably imagining.