United States (US) politicians from both congressional parties are worried that China is overtaking America as the global leader in science and technology. In a rare display of bipartisanship, the normally gridlocked Senate passed a bill in early June to spend close to US$250 billion in the next decade to promote cutting-edge research.
Ever since Alibaba founder Jack Ma criticised Chinese financial regulation in a speech last October, a regulatory storm has pummelled the country’s entire online financial and consumer sector.
Since the Chinese authorities suddenly halted fintech conglomerate Ant Group’s planned initial public offering in autumn 2020, its parent company, e-commerce king Alibaba, has been facing harsh regulatory scrutiny.
The Chinese government’s newly launched antitrust probe into Alibaba is probably warranted. The e-commerce giant undoubtedly has a dominant market share and engages in monopolistic practices, such as forcing merchants to make the company their exclusive online distributor or be delisted from its platforms.
China tech giant Alibaba offered face-recognition software that could enable users to identify Uighurs, a report said, making it the latest Chinese company embroiled in the country's controversial treatment of the Muslim minority.Alibaba's website for its cloud-computing business showed how clients could use the software to detect the facial features of Uighurs and other ethnic minorities within images and videos, according to The New York Times.The references, later removed by Alib
Online shopping is not entirely a new phenomenon in Southeast Asia. Nevertheless, more people are buying daily necessities, gadgets and luxury purchases online now, especially amid the pandemic.
Chinese entrants in the race to put autonomous vehicles on the road are bringing "robotaxis" online in hopes that a hired-car format can be the key to unlocking wide acceptance of the futuristic technology.It is expected to be years before cars that operate completely without human intervention are unleashed owing to lingering technological, regulatory, and safety hurdles.But as China challenges United States (US) tech dominance, Chinese players such as Baidu, Alibaba-backed AutoX a
Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a US$13 billion vote of confidence in the turbulent city's markets and a step forward in its plans to go global.The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests that have tarnished the financial hub's image for order and security and hammered its stock market.Alibaba will offer 500 million shares at a maximum o
The annual 11.11 Singles’ Day Sale has become an event for both shoppers and e-commerce merchants across Southeast Asia, recording online sales that exceed all expectations. Singles’ Day came to be after students at the Nanjing University in China, started celebrating their singledom, in what was known as anti-Valentine’s Day back in the 1990s. Singles’ Day was then adopted by e-commerce giant, Alibaba, in 2009.
The adoption of cloud computing across Southeast Asia has expanded in terms of services offered and the number of industry competitors entering the market.
Jack Ma stepped aside as leader of the Alibaba Group on Tuesday, ending a spectacularly successful 20-year run during which the charismatic former English teacher’s e-commerce company left a profound impact on China's economy.Ma, who also turned 55 on Tuesday, said farewell in a speech in the eastern city of Hangzhou where Alibaba is based, thanking employees and predicting a smooth transition to a team of executives led by CEO Daniel Zhang.“Today is not Jack Ma’s retirement.
Nothing gets your attention more than a whiff of the King of Fruits, whose pungent aroma can offend even an adult. Durian is a tropical fruit native to Southeast Asia and is mainly grown in Thailand, Malaysia, Indonesia and the Philippines. The hard, outer shell is covered in thorns, whose shape and size differs depending on the type. When ripe, the custard-like flesh inside can be sweet and creamy.
