Business Insider — HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is offering to help international technology firms such as SAP SE to enter China, a market where foreign tech companies face increased government scrutiny.
Tech in Asia — Venturecraft, a startup accelerator partnering with government agency SPRING Singapore’s Sector-Specific Accelerator program, has launched a new US$37 million fund to bet on growth stage medtech and internet startups in Asia. The first investment out of the second fund is in Mirxes, a Singapore startup spun out of government research agency A*STAR that’s developing a test to diagnose a range of diseases using just a drop of blood.
Yibada — Reports were released Monday revealing that Tencent is now the largest Asian company and had overtaken Alibaba. Tencent’s current market value is at HK$1.99 trillion or $255.8 billion.Li Chengdong, a Beijing-based independent e-commerce strategy analyst, said, “Tencent’s market value is based on its current and previous good financial situation, which is driven by the company’s core businesses including advertisements, games, e-commerce and financial services.”
Tech in Asia — When you hear ecommerce executives talking about drone delivery, they’re usually referring to flying drones. But after several years of test projects, we’re still not much closer to getting our goods delivered via the air. Chinese ecommerce giant JD announced on Thursday that it’s taking a different approach. The company has just begun testing a new unmanned delivery drone that (as you can see) looks more like a small van than a quadcopter.
e27 — cloud computing arm of Chinese internet giant Alibaba, Alibaba Cloud has announced it has signed a a Memorandum of Intent (MOI) with government-backed VC Infocomm Investments Pte Ltd (IIPL) to ramp up innovation in Singapore’s tech ecosystem.
VOA News — Chinese companies have begun competing with Western companies in the cloud computing and data storage market. The “cloud war” is taking place as the dispute between the United States and China about data hacking and computer network security grows stronger. Chinese companies such as Alibaba, Baidu and Huawei are expanding within their country and gaining customers in other countries.
Amigo Bulls — Chinese tech and e-commerce giant Alibaba (NYSE:BABA) reported outstanding FY 2017 Q1 earnings resultswith higher-than-expected revenues and EPS figures. Alibaba achieved these earnings after its stock price rallied by 40% amid the Didi and Yahoo deals and the consistent diversification process the company is undertaking. The results reaffirmed the massive growth thesis of the bullish view of the market.
BEIJING — A cloud war could be in the offing, with Chinese companies trying to take on giants like Google, Amazon and Apple in the crucial data management market. The moves come in the midst of an intensifying dispute between the U.S. and China over issues like data hacking and network security. The entry of Chinese vendors like Alibaba, Baidu, and Huawei will give a new twist to the dispute over cybersecurity as they compete with international players for control over data.
Datacenter News — Alibaba Cloud announced last month that its data center operations will be expanding, with a second availability zone in Singapore. The company’s Singapore data center opened in 2015 to serve the Asia Pacific region’s growing need for cloud and big data requirements.
Tech in Asia — Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. An investment into Ascend Money, parent of True Money and Ascend Nano, would help Ant Financial expand its online payments and small loans business in Southeast Asia.
Datacenter Dynamics — The cloud computing arm of Alibaba Group has established a second availability zone in Singapore, which it says will provide higher capacity to meet enterprise users’ demands for high availability cloud services and disaster recovery. Alibaba Cloud set up an international headquarters in Singapore last year, and also established a local data center – its second overseas facility at the time, to provide enhanced cloud and big data services across Southeast Asia.
China Business News — Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd, has expanded its Singapore’s data center operations by developing a new availability zone, the Chinese e-commerce giant announced on Wednesday.According to an official release by China’s largest e-commerce network, Alibaba Cloud data center in Singapore is responsible for providing superior data services across the Southeast Asian region.
Datacenter Knowledge — (Bloomberg) — Alibaba Group Holding said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014. The company predicts sales will rise at least 48 percent in the year ending March 2017 as it pushes into new markets and businesses beyond e-commerce.
Times of India — TOKYO: SoftBank Group said on Friday it was selling a further $1.1 billion of its shares inAlibaba Group Holding, bringing the total it has sold in the Chinese e-commerce company to $10 billion. Separately, SoftBank agreed to sell most of its remaining stake in mobile gaming company Gungho Online Entertainment back to the company for 73 billion yen ($685.38 million), Gungho said.
Times of India — NEW DELHI: Chinese mobile internet company UCWeb , part of Alibaba Group, today launched its news aggregation app called UC News. The company also announced an update for its popular UC Browser, which claims to have 80 million active users in the country and a market share of 58%. UC Browser reportedly has 400 million monthly active users globally. It is the largest mobile browser in Asia and the second largest globally.
BidnessEtc — Alibaba Group Holding Ltd.’s top management is likely to make its inaugural Analyst Day a forum for a deep dive into various businesses’ operations, and address some of the key issues pertaining to the stock. At the event, which is set for the coming Tuesday, Cantor Fitzgerald expects to see a deep management bench, led by CEO Daniel Zhang, EVC Joe Tsai, and CFO Maggie Wu.
SMCP — Alibaba Cloud, a subsidiary of e-commerce titan Alibaba Group, has become the largest cloud infrastructure services provider in Asia-Pacific on the back of its massive market in China and strategic international expansion, analysts said.
Networks Asia — Alibaba Group Holding and SoftBank established a joint-venture firm SB Cloud to launch cloud computing services in Japan that use technologies and solutions from Alibaba Cloud, the cloud computing arm of Alibaba Group. SB Cloud will open a new data center in Japan and provide competitive and enhanced public cloud computing services from Alibaba Cloud to meet the various needs of Japanese customers, ranging from startups to multinational companies.
ZDNet — If you still think Chinese tech companies are only about replicating the innovations that others have made, then you’ve got some catching up to do. Today’s Chinese tech sector is filled with a number of disruptive companies that are not only competing but leaping ahead in the race to build better products and use tech to solve important problems.
Nasdaq — Online retail giants Amazon and Alibaba have both seen massive growth in their cloud computing businesses over the past few years. Both Amazon Web Services (AWS) and Alibaba’s cloud computing and infrastructure segments have outpaced the growth in total worldwide spending on cloud computing and infrastructure services.
Channel News Asia — HONG KONG: Hong Kong’s securities regulator said that Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014 because it also bought a company owned by the brother of the healthcare firm’s vice chairman on “favourable terms.” Alibaba agreed to buy a stake in CITIC 21CN, now known as Alibaba Health Information Technology Ltd, for US$170 million two years ago.
ATimes — Fitbit Blaze will have features such as PurePulse continuous, wrist-based heart rate trackin, SmartTrack automatic exercise recognition and automatic sleep tracking. As part of ‘China is Getting Fit’ campaign, Fitbit and Alibaba joined hands to organize a major health and fitness event, educating consumers about how technology can help them stay healthy.
RC Wireless — SoftBank and Chinese online and mobile commerce company Alibaba Group formed a joint venture dubbed SB Cloud Corporation to provide cloud computing services in Japan. The company said it will use technologies and solutions from Alibaba Cloud, the cloud computing arm of Alibaba Group.
Telecom Asia — Alibaba Group has teamed up with its largest shareholder Softbank Group to provide public cloud computing services in Japan. The two announced on Friday that they have formed a joint venture, called SB Cloud Corp, to deliver Alibaba Cloud’s technology and services for Japanese enterprises, ranging from startups to multinational companies.
Market Exclusive — Alibaba Group Holding Ltd (NYSE:BABA) is expanding its cloud-computing footprint into Japan as it continues to pursue new opportunities for growth. The e-commerce giant has teamed up with its largest shareholder Softbank for the formation of a joint venture that will pursue new cloud clients in the country.
Tech in Asia — On-demand logistics startup GogoVan raised a series C funding round, it announced today. The funding amount is undisclosed, but is described as “a decent amount for future business expansion.” The round was led by private equity firm New Horizon Capital and was joined by Singapore Press Holdings, Hotung Investment Holdings, and existing investors. Alibaba’s new US$130 million Hong Kong Entrepreneurs Fund also participated.
Venture Beat — Chinese Internet behemoth Alibaba has teamed up with Japanese telecom giant SoftBank to form a cloud-computing joint venture (JV) in Japan. SoftBank’s parent company, SoftBank Group, is an existing shareholder in Alibaba, so the deal isn’t exactly a bolt out of the blue. SB Cloud Corporation, or “SB Cloud,” as it will be known, will combine the collective smarts from the two technology titans, and the joint venture will lead to a new data center that provides “competitive and enhanced public cloud computing services” from Alibaba Cloud, according to a press release.
ZDNet — Chinese ecommerce giant Alibaba and Japanese telecommunications provider SoftBank have formed a joint-venture cloud services company called SB Cloud to bring Alibaba Cloud’s technology and solutions to Japanese businesses. SB Cloud will be headquartered in Minato-ku, Tokyo, and will open a datacentre to offer Alibaba’s cloud security services, data storage, processing solutions, and middleware offerings.
Bloomberg — Alibaba Group Holding Ltd. teamed with its largest shareholder SoftBank Group Corp. to form a cloud computing service venture targeting Japanese customers, as the Chinese e-commerce giant expands one of its fastest growing businesses.