Tag Archives: Alibaba

21Nov/17

Tencent surpasses Facebook in market value

Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading

11Nov/17

China shopping festival smashes record with $25 bln haul

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading

08Nov/17

Snapchat owner’s shares plunge

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading

30Sep/17

China holds world’s first secure quantum video conference

China Central Television (CCTV)- Chinese scientists held the world’s first quantum intercontinental communication video conference with their counterparts in the Austrian capital of Vienna on Friday, thanks to the successful connection between China’s quantum communication line and satellite.
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23Jan/17

SMEs in developing countries should play in globalization: Jack Ma

Davos, Switzerland – Jan 17, 2017 (CCTV Plus News) – Small and medium enterprises in developing countries should take part in globalization when facing the challenges brought by it, said Alibaba founder Jack Ma.
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10Jan/17

Yahoo renames itself Altaba

The Silicon Valley pioneer also said CEO Marissa Mayer and some other directors will leave the board after it closes its deal with Verizon. Fred Katayama reports. Continue reading

11Nov/16
Kobe Bryant at an Alibaba gala

Alibaba Singles Day sales break $5 bln in an hour

Alibaba’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Graham Mackay reports.

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31Oct/16

China plans social credit system to monitor every citizen

China plans to implement a social credit system that uses big data to monitor the behavior of citizens.
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18Jul/16

SoftBank to buy UK chip designer ARM in $32 bln cash deal

SoftBank Group Corp agrees to buy UK chip designer ARM Holdings PLC in a 24.3 billion pound ($32.2 billion) deal.

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07Jan/16

Wall Street swoons on China shock, oil slide

U.S. stocks down sharply in midday trade with investors unnerved by China volatility and the continuing slide in oil prices.

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