China Passing the USA in Retail in 2019 But the USA Dominates in Services

In 2019 e-marketer.com forecasts that China will pass the US in total retail sales for the first time. China has more than half of the world’s retail e-commerce sales. Alibaba has more than half of China’s e-commerce market, but its share is falling. China’s total retail sales will grow 7.5% to reach $5.636 trillion. US …

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DivvyCloud provides insight into the cloud computing world

DivvyCloud, a cloud security and compliance company, is expanding to support Alibaba Cloud, the cloud computing arm of Alibaba Group. More businesses are shifting to the cloud globally, DivvyCloud’s software will help customers achieve continuous security governance in Alibaba Cloud. DivvyCloud already supports AWS, Azure, and GCP clouds. Earlier in 2018, Alibaba surpassed IBM as …

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Baidu, Alibaba, Tencent and Beijing are everywhere in China’s huge internet ecosystem

The South China Morning Post in conjunction with a US venture capital firm have published the 2018 China Internet Report. * Whether it’s building, investing, or acquiring, Baidu, Alibaba, and Tencent are present across the internet ecosystem. * China Internet Empowers Rural Population – The number of rural internet users in China reached 209 million …

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Alibaba Robotic car vending machine is 5 stories tall

Chinese e-commerce giant Alibaba Group and US carmaker Ford have unveiled an unstaffed car vending machine that is 5 stories tall in China’s southern city Guangzhou. The machine stands about five-storeys tall and contains 42 cars, of various models, including the Ford Explorer SUV and Mustang. People can buy cars from a smartphone app in …

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Alibaba and Microsoft Artificial Intelligence read better than Humans

Alibaba has developed an artificial intelligence model that scored better than humans in a Stanford University reading and comprehension test. Alibaba asked the AI to provide exact answers to more than 100,000 questions comprising a quiz that’s considered one of the world’s most authoritative machine-reading gauges. The model developed by Alibaba’s Institute of Data Science …

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Cracking General Intelligence for competitive advantage leveraging hundreds of billions in research over next few years

In 2017,companies globally have completed around $21.3 billion in mergers and acquisitions related to AI, according to PitchBook, a data provider, or around 26 times more than in 2015. Alphabet (Google’s parent), Amazon, Apple, Facebook, IBM, Microsoft, Baidu, Alibaba, Tencent are all making large investments in to Artificial Intelligence. Alphabet is widely perceived to be …

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Alibaba starts $1.5 billion anti-poverty fund

Alibaba Group on Friday launched a 10 billion yuan (US$1.51 billion) fund to support China’s ambitious poverty alleviation campaign. The Alibaba Poverty Relief Fund will have the $1.51 billion donated over the next five years. China has already lifted more than 500 million people out of poverty after three decades of economic reforms on the …

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Amazon, Alibaba and Tencent could make ultimate cryptocurrencies

Many believe that Bitcoin with a price over $10,000 and a market valuation of $176 billion are unstoppable and will remain the dominant cryptocurrency. In the past there were other products and companies who were commonly believed to be insurmountable in their dominance. Netscape for browsers. Internet Explorer for browsers. Yahoo in search. IBM in …

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Alibaba’s Single Day sales 5 times US Black Friday+ Cyber Monday

Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, (Single’s Day) an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. The most recent quarter Alibaba’s revenue surged by 61 percent thanks …

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Is funding surge a sign of impending breakthroughs in AI and Quantum Computing ?

Information and communication technology (ICT) has been the largest and strongest R and D industry sector. Artificial intelligence (AI), quantum computing, machine learning, and deep learning have been hot for a few years but the past few months there has been a a ramp up in AI and Quantum computing research funding and funding announcements. …

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Alibaba will open its first physical mall in China

A five-floor mall is being built near Alibaba’s headquarters in the eastern Chinese city of Hangzhou, according to financial news site Caixin. The Alibaba shopping center reportedly will be called “More Mall” and is set to open in April. The mall was built on a 40,000-square-meter plot of land. Currently, construction crews are finishing up …

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