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Tag: alibaba

Square launches cryptocurrency patent alliance to fight the trolls

Square, the U.S.-based financial services company headed by Twitter’s Jack Dorsey, is establishing a consortium to fight patent trolling and ensure open access...

China’s search giant Baidu in talks to raise $2 billion in funding for a new biotech startup

As competition grows and China’s economy slows, China’s search giant Baidu has lost more ground to its bigger online rivals Alibaba and Tencent. Over...

TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming

By Yingzhi Yang, Yew Lun Tian and Julie Zhu BEIJING/HONG KONG (Reuters) - ByteDance founder Zhang Yiming has long positioned himself as a...

SoftBank in Action to Bid for TikTok India

SoftBank Group Corp. (1) is exploring a mustering group of bidders for TikTok Indian assets. According to sources, the firm has been actively...

India bans 100 more Chinese apps, including PUBG, Baidu, and Tencent’s hit games, as border tensions accelerate

In late June, we covered a story about the India government after it banned 59 Chinese apps including TikTok, WeChat, and UC Browser....

August Investment Recap: Fortnite Billions, BITKRAFTS $165M Venture Fund, and New Capital for Esports Organizations

August was a record month for esports investments. The Esports Observer tracked 16 investments raised by esports-relevant companies during the month. Disclosed investments...

China’s budget EV maker Kandi eyes setting up North American manufacturing plant

Chinese battery and electric car maker Kandi Technologies Group Inc said on Thursday it is actively exploring setting up an electric and off-road...

Baidu cloud catches up by offloading cloudy networking and storage to SmartNICs

Chinese web giant Baidu has followed other clouds by adopting SmartNICs to handle boring bits of cloud workloads and leave its Xeons free...

Johnson & Johnson on why Q3 is all about data, standards, and visibility

In this article, we summarize some of the key insights from our interview with Neil Ackerman, Head of Advanced Technologies, Global Supply Chain,...

Chinese EV maker XPeng looks to raise up to $1.11 billion in U.S. IPO

Chinese electric vehicle (EV) manufacturer XPeng said it hopes to raise up to $1.11 billion in its initial public offering (IPO) in New...

Embedded finance: a game-changing opportunity for incumbents

  Summary Embedded finance offers a new, very large addressable market opportunity worth over $7 trillion in ten years’ time, twice the combined value of...

Alibaba and its cloud are growing like a weed, but the cloud is losing money

Alibaba has reported another rampaging quarter in which it recorded US$21.76bn revenue and net income of $5.59bn, a 34 percent and 28 percent...

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