Ecommerce 

Alibaba ties up with Audi, Renault and Honda to offer smart voice services in cars in China

Alibaba Group Holding announced partnerships with auto giants Audi, Renault and Honda on Tuesday, as the e-commerce juggernaut rolls out voice discovery services in cars at a time when smart speaker devices have become a battlefront among internet companies.Under the agreement, new cars with smart and internet-enabled features from the companies in China, will integrate Tmall Genie Auto, an artificial intelligence (AI) platform developed by Alibaba AI lab.Alibaba Group Holding announced… Source link

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Ecommerce 

Alipay and six European digital wallets join hands to increase adoption of mobile payments with QR code

Six mobile wallets in Europe together with Alipay will collaborate and adopt a unified Quick Response (QR) code for mobile payments, allowing users of each wallet to pay for their purchases across 10 countries in Europe.The six European mobile wallets include Austria’s Bluecode, Finland’s ePassi and Pivo, Oslo-based Vipps, Spain’s Momo as well as Portugal’s Pagaqui. The wallets are working with the Chinese payments provider towards rolling out a QR code format provided by Alipay, so that users… Source link

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Ecommerce 

Alibaba is said to weigh raising US$20 billion in Hong Kong second listing

Alibaba Group Holding is considering raising US$20 billion via a second listing in Hong Kong after a record-breaking 2014 New York market debut, according to people with knowledge of the matter, a mega-deal that will bring China’s largest company closer to investors in its home country.The e-commerce giant is working with financial advisers on the planned offering, the people said, asking not to be identified because the information is private. Alibaba is aiming to file a listing application in… Source link

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Ecommerce 

Yunnan’s digital makeover showcases Tencent’s industrial internet ambitions for government and business

Yunnan, the ancient province in southwestern China famous for hand-picked tea, snow-capped mountains and the mystical hidden paradise of Shangri-La, is undergoing a digital makeover.Facial recognition is deployed at the gates of tourist attractions to facilitate faster entry and sensors are installed along highways for instant toll payments without the need for drivers to slow down or stop. Tourists can skip the queues by buying tickets online, watch live videos of crowds at sites to better… Source link

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Ecommerce 

China offers five-year tax breaks to chip makers, software developers to bolster industry as trade war stretches to tech

China will give a five-year tax break to its home-grown semiconductor makers and software developers in a bid to bolster the industries as the trade war shifts to an assault on Chinese technology.Integrated circuit makers and software companies will be exempt from paying corporate taxes for two years, starting in 2019, and their tax payments will be halved from the 25 per cent universal rate levied on Chinese companies in the following three years, the finance ministry said on its website on… Source link

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Ecommerce 

Tencent Music profit beats estimates as paid subscribers continue to sign up for service

China’s Tencent Music Entertainment Group beat Wall Street estimates for quarterly profit on Monday, as more users paid for its music streaming services.The company, controlled by Chinese tech giant Tencent Holdings, said paid users of its online music service jumped 27.4 per cent to 28.4 million in the first quarter ended March 31.“As our users increasingly consume music content through streaming services, we are riding on this trend to gradually transition into a pay-for-streaming model over… Source link

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Ecommerce 

Lazada extends e-commerce edge in Southeast Asia despite lull in overall visits to site

Lazada Group has extended its edge as the most popular e-commerce platform in Southeast Asia despite an overall sequential decline in visits to the site in the first quarter, according to a research report from iPrice and app analytics firm App Annie.The Alibaba-backed e-commerce company scored the highest average monthly active users in Malaysia, Philippines, Thailand and Singapore in the first quarter, and was also among the top apps in Vietnam and Indonesia, ranking second and fourth… Source link

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Ecommerce 

Chinese tech giants Tencent, Baidu and JD.com spend more to find new revenue sources amid slowing growth

Three of China’s biggest tech companies are expected to report that they ramped up or broadly maintained their pace of quarterly spending to develop new technology and push into relatively new markets, as current growth drivers stall.Used to rapid growth rates until recently, Chinese tech giants including Tencent and Baidu are seeking new revenue streams. But that has not come cheap as they shell out more to hire the best in a competitive job market and keep spending to attract customers in a… Source link

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Ecommerce 

Alibaba’s online mall chief wants to double sales in three years by selling more American cherries and Australian baby formula

One of Jack Ma’s closest lieutenants just laid down a plethora of ambitious goals for Alibaba Group.Jiang Fan, who runs the company’s two biggest e-commerce businesses, wants to double transaction volumes on its Tmall service in three years. Alibaba does not disclose dealings over the platform, which helps brands and companies sell goods to 600 million-plus buyers, but it is one of the single largest online retailers in China’s US$1 trillion e-commerce arena.China’s largest company, which also… Source link

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Ecommerce 

Pinduoduo founder calls for openness in e-commerce as battle with Alibaba and JD.com escalates

The founder of group-buying platform Pinduoduo has called for more open competition for the benefit of merchants and consumers amid increasing rivalry in China’s e-commerce industry where merchants are often forced to choose sides.The current “forced exclusivity” in the e-commerce market, where merchants and customers are constrained to a certain platform or choice of payment method, will hurt the industry in the long term, Pinduoduo founder and chief executive Colin Huang Zheng said in his… Source link

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