7 Chinese companies that will shape the future of the tech industry: My week in Beijing

ChinaZDNet — 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.

http://www.zdnet.com/article/7-chinese-companies-that-will-shape-the-future-of-the-tech-industry-my-week-in-beijing/

Amazon Vs. Alibaba: Cloud Computing & Infrastructure Growth

ChinaNasdaq — 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.

http://www.nasdaq.com/article/amazon-vs-alibaba-cloud-computing-infrastructure-growth-cm623671

HK regulator says Alibaba broke takeover rules with “special deal”

Hong KongChannel 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.

http://www.channelnewsasia.com/news/technology/hk-regulator-says-alibaba/2796298.html

Technology: Now, you can order Fitbit bands from Alibaba

ChinaATimes — 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.

http://atimes.com/2016/05/technology-now-you-can-order-fitbit-bands-from-alibaba/

Cloud computing offer targets Japan with branded Alibaba Cloud

JapanRC 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.

http://www.rcrwireless.com/20160518/asia-pacific/softbank-alibaba-create-jv-offer-cloud-computing-services-tag23

Softbank, Alibaba Group form cloud JV

JapanTelecom 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.

http://www.telecomasia.net/content/softbank-alibaba-group-form-cloud-jv

Alibaba Group Holding Ltd (NYSE:BABA) Teams Up With Softbank for A Cloud Venture in Japan

JapanMarket 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.

http://marketexclusive.com/alibaba-group-holding-ltd-nysebaba-teams-softbank-cloud-venture-japan/6767/

Alibaba’s Hong Kong fund throws cash at ‘Uber for vans’ startup GoGoVan

Hong KongTech 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.

https://www.techinasia.com/gogovan-series-c-funding

Alibaba and SoftBank form SB Cloud, a cloud-computing joint venture in Japan

JapanVenture 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.

http://venturebeat.com/2016/05/13/alibaba-and-softbank-form-sb-cloud-a-cloud-computing-joint-venture-in-japan/

Alibaba and SoftBank launch joint-venture cloud company in Japan

JapanZDNet — 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.

 http://www.zdnet.com/article/alibaba-and-softbank-launch-joint-venture-cloud-company-in-japan/

Alibaba, SoftBank Team Up for Cloud Computing Service in Japan

JapanBloomberg — 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.

http://www.bloomberg.com/news/articles/2016-05-13/alibaba-softbank-team-up-for-cloud-computing-service-in-japan

Can Alibaba’s Cloud Business Be Its Next Driver Of Growth?

ChinaForbes — Alibaba‘s cloud computing and internet infrastructure business has been witnessing tremendous revenue growth over the past few quarters. For Q4 2016, this segment registered a 175% year-on-year revenue growth and this figure was 138% for the fiscal year 2016.

http://www.forbes.com/sites/greatspeculations/2016/05/09/can-alibabas-cloud-business-be-its-next-driver-of-growth/#4fef2a1120bc

Fitbit partners with Alibaba’s Tmall.com to expand reach in China

ChinaEnterprise Innovation — Fitbit Inc. and Alibaba Group’s Tmall.com have signed an agreement to expand Fitbit’s reach in China. The partnership will introduce the Fitbit platform, which consists of devices, apps, social and motivational features, advice and personalized coaching, across the country.

http://www.enterpriseinnovation.net/article/fitbit-partners-alibabas-tmall-com-expand-reach-china-649345488

A tale of two companies: Matching up Alibaba vs. Amazon

ChinaAsia One — Chinese e-commerce site Alibaba beat sales estimates with 39 per cent growth year-over-year for the quarter ending in March, the company said Thursday. The company’s explosive growth showed no signs of slowing despite the overall slowdown in China’s economy.

http://business.asiaone.com/news/tale-two-companies-matching-alibaba-vs-amazon

Paytm shakes hands with Uber and Alipay for payments across 400 cities worldwide

IndiaTech in Asia  — Till now, if you were an Uber user in India who wanted to hail a cab anywhere outside the country, you would have had to mandatorily register a credit card on your account. But most Indian internet users don’t have a credit card. India, with its over 350 million internet users, has just 21 million credit card users. But today onwards, Paytm wallet users can hail an Uber cab and pay with the online wallet at any of the 400-odd cities Uber runs in. Paytm has tied up with Uber for this.

https://www.techinasia.com/paytm-shakes-hands-with-uber

Uber just made it a lot easier for Chinese travelers to hail a ride

ChinaTech in Asia — Uber and Alibaba’s spin-off mobile payments service today announced the launch of a joint program to allow Chinese ride-hailers to use Alipay to pay for their trips anywhere in the world. The first inklings of this deal came in February, when the companies announced that mainland Chinese users would be able to use their Alipay accounts to pay for rides in Hong Kong, Macau, and Taiwan. Today’s news expands that scope to include all of the 400-plus cities where Uber operates around the world.

https://www.techinasia.com/uber-alipay-payments

Alibaba Rising on FYQ4 Rev Beat; RBC, JP Morgan Hike Targets

ChinaBarrons — Shares of Chinese e-commerce giant Alibaba Group (BABA) are up $3.20, over 4%, at $79.02, after the company this morning reported fiscal Q4 revenue that topped analysts’ expectations, but missed on the bottom line. Revenue in the three months ended in March rose 39% year-over-year to $3.75 billion, or 24.18 billion Renminbi, yielding EPS of 47 cents a share. Analysts had been modeling $3.58 billion and 55 cents a share.

http://blogs.barrons.com/asiastocks/2016/05/05/alibaba-rising-on-fyq4-rev-beat-rbc-jp-morgan-hike-targets/

Is Alibaba’s Stock A Buy With Its Treasure Chest Despite ‘400’ Counterfeiters?

ChinaForbes — Alibaba Group’s reported its fiscal fourth quarter earnings results on Thursday that saw the Chinese internet ecommerce giant top sales forecasts, showing year-on-year (y-o-y) revenues up 39%. But with its profits falling short of analysts’ and The Street’s expectations, the question remains is the stock a buy at below the $100 mark and at current levels?

http://www.forbes.com/sites/rogeraitken/2016/05/06/is-alibabas-stock-a-buy-with-its-treasure-chest-despite-400-counterfeiters/#6d51fd717704

Alibaba sales soar 39%, despite the slowdown

ChinaNikkei — HONG KONG — Alibaba Group Holding seems unhurt by a wider economic slowdown in China as the e-commerce giant reported a 39% rise in its fourth-quarter revenue, boosted by growth in online transactions. Turnover beat analysts’ forecasts to reach 24.2 billion yuan ($3.7 billion) in the three months ended in March, the company said on Thursday. Net profit surged 85% to 5.3 billion yuan on the year, driven by gains from the disposal of investments and businesses.

http://asia.nikkei.com/Business/AC/Alibaba-sales-soar-39-despite-the-slowdown?page=1

Alibaba claims AliCloud is “one of the largest cloud providers in the world”

ChinaSilicon Angle — Alibaba Group Holding Ltd.’s cloud computing arm AliCloud is doing very nicely in its bid to become the AWS of Asia, reporting stunning growth of 138 percent in 2016 that saw it pull in $468 million in revenues. AliCloud said that it had more than 2.3 million customers as of March 31, 2016. Of those, it said that more than 500,000 were paying customers.

http://siliconangle.com/blog/2016/05/06/alibaba-claims-its-alicloud-is-one-of-the-largest-cloud-providers-in-the-world/

Alibaba’s $130 millionfund to invest in Hong Kong’s GoGoVan

Hong KongNikkei — HONG KONG — China’s e-commerce giant Alibaba Group Holding is set to provide venture capital for GoGoVan, an online logistics platform based in Hong Kong. Through its Hong Kong Entrepreneurs Fund, a not-for-profit initiative launched last year, Alibaba joins private equity firm New Horizon Capital, venture capitalist Hotung Investment Holdings, and media heavyweight Singapore Press Holdings, along with existing investors, in GoGoVan’s third injection of investment capital, also known as “Series C”, completed on Thursday.

Revenue soars at China’s Alibaba

ChinaWashington Post — Alibaba Group posted a 39 percent surge in revenue as China’s dominant e-commerce operator shrugged off a slowing economy with promotions to woo cash-rich consumers. Asia’s largest Internet company posted better-than-expected sales of 24.2 billion yuan ($3.7 billion) in the March quarter and said it will start providing annual forecasts.

https://www.washingtonpost.com/business/economy/revenue-soars-at-chinas-alibaba-us-jobless-claims-hit-a-five-week-high/2016/05/05/69d37c0c-12cc-11e6-93ae-50921721165d_story.html

Alibaba and WeChat duke it out in the war to be China’s Slack

ChinaTech in Asia — Last week, WeChat rolled out its answer to Slack, WeChat Enterprise. But while Slack itself has never had a large presence in China, WeChat isn’t waltzing into this market alone – Alibaba’s DingTalk was there first, and the company isn’t looking to give in easily.

https://www.techinasia.com/alibaba-wechat-duke-war-chinas-slack

Alibaba Cloud partners with SK Holdings to provide cloud services to Korean and Chinese companies

KoreaNetworks Asia — Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Limited, and Korea-based SK Holding C&C announced an agreement that furthers Alibaba Cloud’s strategy to provide sophisticated cloud-based solutions to accelerate the growth of global businesses in China and abroad.

http://www.networksasia.net/article/alibaba-cloud-partners-sk-holdings-provide-cloud-services-korean-and-chinese-companies

Alibaba’s Ant Financial raises record $4.5bn

ChinaNikkei — HONG KONG — A financial affiliate of China’s e-commerce giant Alibaba Group Holding has received $4.5 billion from state-backed investors, in a fundraising round said to be the biggest ever for a privately held Internet company.

http://asia.nikkei.com/Business/AC/Alibaba-s-Ant-Financial-raises-record-4.5bn

New Zealand gov’t partners with Alibaba to strengthen trade with China

New ZealandEnterprise Innovation — The New Zealand’s government’s international business development agency, New Zealand Trade and Enterprise (NZTE), recently signed an agreement with the Alibaba Group to strengthen trade between China and New Zealand. New Zealand Prime Minister John Key, and Alibaba Group’s Founder and Executive Chairman Jack Ma witnessed the signing ceremony held recently in China at an event hosted by the China Entrepreneur Club.

http://www.enterpriseinnovation.net/article/new-zealand-govt-partners-alibaba-strengthen-trade-china-1066956876

Alibaba Cloud launches IoT platform

ChinaTelecom Asia — Alibaba Cloud has unveiled a series of new products aimed at expanding its IoT, hybrid cloud, storage and security capabilities. At its Shenzhen Summit last week, Alibaba Cloud launched version 1.0 of IoT, its one-stop platform for IoT and cloud computing. The service will provide infrastructure for IoT deployments in areas including medical, energy, smart home and intelligent campus networks.

http://www.telecomasia.net/content/alibaba-cloud-launches-iot-platform

Alibaba Cloud launches global start-up program

ChinaEnterprise Innovation — Alibaba Cloud has launched its 2016 global start-up program dubbed “Create@Alibaba Cloud,” aimed at championing start-ups and maximizing their potential through Alibaba’s support network and suite of cloud infrastructure services. “Through our program, we hope to make our sophisticated networking solutions and big-data intelligence also available to start-ups and small enterprises to accelerate their business growth,” Yu Sicheng, VP of Alibaba Cloud.

http://www.enterpriseinnovation.net/article/alibaba-cloud-launches-global-start-program-501515076

Alibaba Invests USD1 Billion To Control Southeast Asia E-commerce Leader

ChinaChina Tech News — Alibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million to subscribe new shares and the remaining to purchase from certain shareholders. Michael Evans, president of Alibaba Group, said that the investment in Lazada will allow Alibaba to enter an e-commerce platform with a large and growing consumer group outside China.

http://www.chinatechnews.com/2016/04/18/23413-alibaba-invests-usd1-billion-to-control-southeast-asia-e-commerce-leader