Times of India — BEIJING: China’s e-commerce raked up a whopping $2.68 trillion in 2014, registering a 59.4% jump from the year before despite a slowdown in the world’s second-largest economy. China’s e-commerce trade soared in 2014 thanks to improved internet infrastructure and an increase in cellphone users, state-run Xinhua news agency reported.
Times of India — BEIJING: Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China’s Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. One of the people said the deal could be finalized within a few days at the earliest but may also take weeks.
Tech in Asia — The recent events of PayPal and eBay splitting into two separate entities and the newly released version of Alibaba’s mobile payment app Alipay 9.0 inspired me to take a closer look at these two unequal rivals. However, comparing Alipay with PayPal directly doesn’t seem to do the former much justice. As with many of the leading Chinese digital players, Alipay is an integral part and closely connected within Alibaba’s ecosystem.
Want China Times — The Chinese Academy of Sciences (CAS) has teamed up with e-commerce giant Alibaba to research and develop quantum computing, which is expected to be trillions of times faster than a supercomputer, according to Shanghai-based news website The Paper. Aliyun, the cloud computing unit of Alibaba, announced with the CAS the creation of a quantum computing laboratory to develop the next generation of computing technology in Shanghai on July 30. http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150801000099&cid=1104
Want China Times — Tmall.hk, an online shopping platform for overseas goods under Chinese e-commerce powerhouse Alibaba, launched an international duty-free shopping platform on Tuesday. Consumers with outbound air tickets can purchase duty-free goods via Tmall.hk’s website or mobile app and retrieve their items at designated duty-free shops using their payment confirmation text or barcode when they finish their overseas trips.
Tech Crunch — Alibaba Group announced today that it will invest a further $1 billion into Aliyun, its cloud computing unit. The capital will be used to expand Aliyun, which currently has data centers in China, Hong Kong, and Silicon Valley, into other international markets. The company plans to target the Middle East, where it recently formed a joint venture with Dubai-based holding company Meraas, Singapore, Japan, and Europe.
Want China Times — E-commerce giant Alibaba and internet goliath Tencent have become China’s top two cloud computing service providers but have adopted different approaches to control the field while competing with each other, according to the Beijing-based Economic Observer. The two companies have established dominance in different areas after over a decade in business–Alibaba in e-commerce, logistics and health services and Tencent in games and social networking.
IT News — A proprietary market management platform developed by Australia Post to help local small-to-medium retailers sell into the Chinese market has attracted more than 30 customers to the government enterprise’s books. The organisation last year partnered with software development firm MyMedia to build out a platform that would enable it to act as the middleman between local sellers and Chinese marketplaces like Alibaba, which AusPost signed a partnership with last year.
China Tech News — Chinese e-commerce firm Alibaba says its Aliyun cloud computing subsidiary has a new data protection pact that supposedly protects user data. At an event held today in Beijing, Simon Hu, president of Aliyun, announced the pact and promised to abide by this pledge to protect user data and business data privacy for all of its international customers. Hu encouraged the entire Internet industry to exercise self-regulation that is vital in promoting the sustainable development of the data technology economy.
China Tech News — Huawei is ready to battle Alibaba’s Aliyun cloud service as Huawei plans to hold a launch event at the end of July 2015 to officially release its own public cloud computing services. Huawei’s rotating CEO and vice chairman Xu Zhijun disclosed in April that the company would soon launch its public cloud services to formally enter the Chinese information service industry, and now local Chinese media are confirming that the commencement will happen within two weeks.
Datacenter Knowledge — Ramping up its push into the US cloud services market, Chinese internet giant Alibaba’s cloud arm Aliyun is planning a second cloud data center on US soil. The announcement comes about four months after the company announced the launch of its first US data centerin Silicon Valley.
Business Finance News — Alibaba Group Holding Ltd. steps up as a competitor to Amazon.com, Inc. in the cloud computing industry; announcing its plans to increase its investment in data centers in the Middle East, US, and India. The e-commerce giant’s cloud computing arm, Aliyun released a “Data Protection Pact,” which entails the expansion into markets beyond China; customers using cloud computing platforms will have “absolute ownership” of their data, along with the right to share, transfer, exchange, delete, and access the content at any time.
Business Wire — BEIJING: Aliyun, Alibaba’s cloud computing subsidiary, issued a Data Protection Pact and rolled out 14 cloud products and 50 cloud solutions at its inaugural Data Technology (DT) Day today in Beijing. More than 2,000 elites, including developers, entrepreneurs, government agencies, traditional industry players, and Aliyun’s global partners participated in this event.
Variety — Chinese e-commerce giant Alibaba has created a music division that could eventually match its ambitions in film and video. The Ali Music Group will be headed by singer-songwriter and TV host Gao Xiaosong as chairman, and by Song Ke, a former Warner Music executive, as CEO. The two veterans of the Chinese music industry previously worked together to establish Taihe Rye Music.
Want China Times — Baichuan, a mobile open platform launched by Chinese internet giant Alibaba Group last October, announced on July 16 that it plans to provide 1 billion yuan (US$161 million) in funds and 1 billion yuan in short-term loans for start-ups in China to develop mobile apps on the platform, reports West China City News.
Business Finance News — Alibaba Group Holding Ltd is reported to have a signed a tactical deal with vastly diversified portfolio supply company, Unilever plc on Sunday. The deal will help Unilever to tap into a much wider consumer-base in China, with the help of Alibaba’s vast e-commerce network. Although, initial reports lack deal’s financial details and its date of implementation.
Nation Multimedia — Chinese e-commerce giant Alibaba Group Holding is investing about S$279 million (Bt7 billion) to expand its holdings in Singapore Post (SingPost) and take a share of its subsidiary, aimed at boosting growth in their e-commerce logistics platform across the Asia Pacific, the two companies announced last week.
Chinese e-commerce giant Alibaba’s mobile operating system (OS) YunOS, billed as a product for the big data era, has already been installed in millions of smartphones on the market but it will make its international fair debut at the Mobile World Congress (MWC) Shanghai, according to IT Time Weekly.
Network Asia — The Chinese Lunar New Year, also known as the Spring Festival, sees millions of Chinese workers head back to their hometowns for the holidays, in what has become known as the world’s largest annual human migration. This year, Chinese railways, roads, airlines and waterways carried a total of 2.81 billion passengers during the Spring Festival travel rush. This colossal amount of human traffic puts a great deal of stress on the country’s transportation network, particularly the railways, which saw 295 million passengers in less than two months.
China Tech News — Alibaba Health Information Technology Limited says it saw no profit as it published its annual performance report ended March 31, 2015, and revealed its future business direction. Alibaba Health made losses of HKD101 million, which was about CNY80 million, during the reporting period. Several sectors saw the largest expense increases, including sales and market promotions and labor expenses caused by product research and development.