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Alibaba Group announced today that it’s launching a new research organization aimed at tackling emerging technologies like machine learning, network security, the internet of things, and quantum computing. It’s called the Academy for Discovery, Adventure, Momentum and Outlook (referred to as the DAMO Academy for short), and Alibaba plans to recruit 100 researchers to staff […]
Since April 23, 2016, shares of Amazon’s have risen 157%. This was no accident. On that day, as part of its first-quarter earnings results, Amazon broke out its Amazon Web Services (AWS) division results for the first time. The response from investors was dramatic: The Motley Fool How much revenue AWS actually generated for Amazon had long been […]
REUTERS/Phil McCarten Daniel Loeb’s hedge fund, Third Point, took a large stake in Alibaba in the second quarter, according to SEC filings. The fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $ 634.1 million. Loeb also bought a large $ 654.7 million stake in BlackRock in the period. Jack Ma, CEO of […]
Scott Olson/Getty Images Alibaba is trading higher by 3.31% at $ 158.40 a share following word the company is getting into the hotel booking business. The Chinese e-commerce giant is partnering with Marriott to offer its Chinese customers easier access to hotels around the world. The partnership will list global hotel rooms from Marriott’s various brands […]
GUEST: B2B trade platforms have been around for some time. TradeIndia and IndiaMart took advantage of the internet to cater to this segment of users when few really understood how to even approach the internet. Later still, companies like WYDR came around that tried to simplify B2B trade even further. The following graph provides an […]
(Reuters) — China’s Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc’s “Echo”, its first foray into artificially intelligent home devices. The “Tmall Genie”, named after the company’s e-commerce platform Tmall, costs 499 yuan ($ 73.42), significantly less than western counterparts by Amazon and Alphabet Inc’s Google, which […]
