waleed3601
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what a humble serving! are normal chinese meal portions same size as that?
no wonder asians are healthy.
no wonder asians are healthy.
Alibaba: The Giant of e-Commerce
- Thread starter cirr
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AndrewJin
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You will never get full by being served as a guest in Diaoyutai State Guest House.
But I'm sure you can be 120% full in some random restaurant outside.
For example my usual breakfast, spicy beef rice noodle.
Me the same, the food is OK, but Huaiyang cuisine is not my thing.
Tableware is awesome!
waleed3601
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hot damn that looks delicious. it looks very similar to this dish called 'nihari' in Pakistan.You will never get full by being served as a guest in Diaoyutai State Guest House.
But I'm sure you can be 120% full in some random restaurant outside.
For example my usual breakfast, spicy beef rice noodle.
View attachment 281633
Me the same, the food is OK, but Huaiyang cuisine is not my thing.
Tableware is awesome!
in the olden days rich people had big bellies and used to eat a lot, while the common people worked hard and ate less.
these days its the other way around :p
AndrewJin
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Hey bro, don't just see the surface layer, the meat!
What's lying beneath is the real staple food!
But it's true, in a fancy and pricey restaurant, it's hard to be full.
Like this muslim restaurant in Shanghai.
Bloomberg News
January 20, 2016 — 10:00 PM AEDT
> Alicloud to enlist 1,000 data developers over three years
> E-commerce giant competing with Amazon for cloud clients
Alibaba Group Holding Ltd. will work with Nvidia Corp. on cloud computing and artificial intelligence, and plans to enlist about 1,000 developers to work on its big-data platform during the next three years.
The arm of China’s biggest e-commerce operator, known as AliCloud, will boost investment in data analysis and machine learning, it said in a statement Wednesday. AliCloud is staking $1 billion on the belief that demand for processing and storage from governments and companies will boost growth during the next decade as its tries to compete with Amazon.com Inc. in computing services.
The investment also reflects Alibaba’s own appetite for information processing as China’s online-retail market grows to 10 trillion yuan ($1.5 billion) by 2020, according to Bain & Co. The push into of cloud computing, where software and services are provided to customers via remote data centers the size of American football fields, prompted Alibaba to open its second data center in Silicon Valley in October and prepare its first in Europe.
“AliCloud’s rate of growth is one of the fastest among global peers,” Simon Hu, the division’s president, said during a presentation in Shanghai. “Apart from being fast-expanding in Asia, we will also maintain our growth in Europe and the Middle East.”
Quantum Computing
AliCloud is now extending its scope beyond basic cloud-computing services. It co-founded a quantum computing laboratory with the Chinese Academy of Sciences to help secure its data centers and develop machines capable of even faster calculations. The company will team up with Santa Clara, California-based Nvidia to provide customer support in the areas of deep-learning and high-performance computing, AliCloud said in a statement.
AliCloud generates revenue mostly by charging clients a fee for using its computing infrastructure. For now, it contributes a mere sliver of total revenue, with computing and Internet infrastructure accounting for 3.1 percent of sales in the June quarter according to data compiled by Bloomberg.
The business could account for more than $1 billion of Alibaba’s revenue by 2018 and the public cloud presents a $120 billion global market opportunity, according to SunTrust Robinson Humphrey Inc. By comparison, Amazon Web Services’ revenue rose a better-than-expected 78 percent to $2.1 billion in the third quarter.
Microsoft Corp. and Google Inc. also are competing to rent the data storage and computing power that are the building blocks of Internet-based systems.
--------------------
January 20, 2016 — 10:00 PM AEDT
> Alicloud to enlist 1,000 data developers over three years
> E-commerce giant competing with Amazon for cloud clients
Alibaba Group Holding Ltd. will work with Nvidia Corp. on cloud computing and artificial intelligence, and plans to enlist about 1,000 developers to work on its big-data platform during the next three years.
The arm of China’s biggest e-commerce operator, known as AliCloud, will boost investment in data analysis and machine learning, it said in a statement Wednesday. AliCloud is staking $1 billion on the belief that demand for processing and storage from governments and companies will boost growth during the next decade as its tries to compete with Amazon.com Inc. in computing services.
The investment also reflects Alibaba’s own appetite for information processing as China’s online-retail market grows to 10 trillion yuan ($1.5 billion) by 2020, according to Bain & Co. The push into of cloud computing, where software and services are provided to customers via remote data centers the size of American football fields, prompted Alibaba to open its second data center in Silicon Valley in October and prepare its first in Europe.
“AliCloud’s rate of growth is one of the fastest among global peers,” Simon Hu, the division’s president, said during a presentation in Shanghai. “Apart from being fast-expanding in Asia, we will also maintain our growth in Europe and the Middle East.”
Quantum Computing
AliCloud is now extending its scope beyond basic cloud-computing services. It co-founded a quantum computing laboratory with the Chinese Academy of Sciences to help secure its data centers and develop machines capable of even faster calculations. The company will team up with Santa Clara, California-based Nvidia to provide customer support in the areas of deep-learning and high-performance computing, AliCloud said in a statement.
AliCloud generates revenue mostly by charging clients a fee for using its computing infrastructure. For now, it contributes a mere sliver of total revenue, with computing and Internet infrastructure accounting for 3.1 percent of sales in the June quarter according to data compiled by Bloomberg.
The business could account for more than $1 billion of Alibaba’s revenue by 2018 and the public cloud presents a $120 billion global market opportunity, according to SunTrust Robinson Humphrey Inc. By comparison, Amazon Web Services’ revenue rose a better-than-expected 78 percent to $2.1 billion in the third quarter.
Microsoft Corp. and Google Inc. also are competing to rent the data storage and computing power that are the building blocks of Internet-based systems.
--------------------
Last edited:
JSCh
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China Focus: Rural e-commerce helps farmers save during spring planting - Xinhua | English.news.cn
Source: Xinhua | 2016-03-07 17:18:56 | Editor: huaxia
TONGREN, Feb. 26, 2016 (Xinhua) -- A worker of the Fumin chicken farm packs eggs for sale in Songtao Miao Autonomous County of Tongren, southwest China's Guizhou Province, Feb. 25, 2016. Nearly all the sales of Fumin chicken farm's eggs come through the e-commerce platforms. Songtao county has been developing the rural e-commerce in recent years, in order to promote the sales of local products. (Xinhua/Liu Xu)
NANCHANG, March 7 (Xinhua) -- This year was the first time farmer Zhou Zhuwen used internet shopping to prepare for the spring farming.
Using a rural service center set up by e-commerce Alibaba in the nearby Luoxi Village, east China's Jiangxi Province, he managed to save 50,000 yuan (7,679 U.S. dollars) when purchasing 20 tons of fertilizer for the spring crops.
The center opened in January, allowing farmers easy access to Alibaba's Taobao and Tmall online retail platforms. In late February, Taobao launched a spring farming promotion, offering deals on products such as pesticides, fertilizers, seeds and farm equipment, as well as a service offering micro loans for farmers.
"When buying online, the price is cheaper and the choice is better," Zhou, 44, said.
With 33 hectares of sprawling rice paddies to plant, Zhou said the service saves time and transportation costs.
In the past, he had to drive long distances to pick up goods from his dealer in the county seat. At the Taobao service center, he's given access to free computers and trained shopping guides help ensure a timely delivery of purchases.
In the past, shopping in rural China has been characterized by limited choices, inflated prices and shoddy quality, said Yin Xiaojian, deputy director of the rural economy institute under the Jiangxi Academy of Social Sciences. With lower incomes, a dispersed population and poor logistics, the hinterlands have not attracted many brick-and-mortar stores.
The foray of China's e-commerce giants into the spring farming market is expected to change shopping habits for farmers, supporting the government policy to boost rural household consumption, said Zheng Fengtian, a professor with Renmin University of China.
Despite the economic slowdown and stock market collapse, e-commerce sales grew 21.2 percent in 2015 to 16.2 trillion yuan, according to Chinese consulting firm iResearch.
In hopes of maintaining online sales momentum, Alibaba and its rivals JD.com and Suning.com are looking beyond the typical young, well-educated urbanite demographic and heading for the countryside, where about half of the 1.3 billion Chinese people live.
Taobao has set up 560 village-level service centers in Jiangxi and is expected to cover 80 percent of all counties by the end of 2017, said Li Li, head of the Jiangxi branch of Alibaba's rural Taobao department.
"We are confident we will sell farming materials and tools worth 1 billion yuan during the spring farming season this year," said Li.
Alibaba plans to invest 10 billion yuan to establish 100,000 village service centers in three to five years, mostly to teach rural people how to make best use of the Internet.
Suning has established 42 county-level service stations in Jiangxi and 1,000 across the country since the beginning of 2015. It plans to expand to villages to offer electric appliances and daily necessities, said Wang Yongfei, head of Suning's rural e-commerce department Jiangxi branch.
The Chinese government is also encouraging agriculture-related enterprises to go online.
Jiangxi Tenglong Bio-Pharmaceutical Co. Ltd has just signed an agreement with Alibaba to sell antibiotics, mainly for use in breeding, on Taobao in April.
"Sales have been sluggish, with too much reliance on the traditional dealers," said Wen Tao, general manager of the company.
He said they plan to offer a small selection of their products online in order to test the waters.
Source: Xinhua | 2016-03-07 17:18:56 | Editor: huaxia
NANCHANG, March 7 (Xinhua) -- This year was the first time farmer Zhou Zhuwen used internet shopping to prepare for the spring farming.
Using a rural service center set up by e-commerce Alibaba in the nearby Luoxi Village, east China's Jiangxi Province, he managed to save 50,000 yuan (7,679 U.S. dollars) when purchasing 20 tons of fertilizer for the spring crops.
The center opened in January, allowing farmers easy access to Alibaba's Taobao and Tmall online retail platforms. In late February, Taobao launched a spring farming promotion, offering deals on products such as pesticides, fertilizers, seeds and farm equipment, as well as a service offering micro loans for farmers.
"When buying online, the price is cheaper and the choice is better," Zhou, 44, said.
With 33 hectares of sprawling rice paddies to plant, Zhou said the service saves time and transportation costs.
In the past, he had to drive long distances to pick up goods from his dealer in the county seat. At the Taobao service center, he's given access to free computers and trained shopping guides help ensure a timely delivery of purchases.
In the past, shopping in rural China has been characterized by limited choices, inflated prices and shoddy quality, said Yin Xiaojian, deputy director of the rural economy institute under the Jiangxi Academy of Social Sciences. With lower incomes, a dispersed population and poor logistics, the hinterlands have not attracted many brick-and-mortar stores.
The foray of China's e-commerce giants into the spring farming market is expected to change shopping habits for farmers, supporting the government policy to boost rural household consumption, said Zheng Fengtian, a professor with Renmin University of China.
Despite the economic slowdown and stock market collapse, e-commerce sales grew 21.2 percent in 2015 to 16.2 trillion yuan, according to Chinese consulting firm iResearch.
In hopes of maintaining online sales momentum, Alibaba and its rivals JD.com and Suning.com are looking beyond the typical young, well-educated urbanite demographic and heading for the countryside, where about half of the 1.3 billion Chinese people live.
Taobao has set up 560 village-level service centers in Jiangxi and is expected to cover 80 percent of all counties by the end of 2017, said Li Li, head of the Jiangxi branch of Alibaba's rural Taobao department.
"We are confident we will sell farming materials and tools worth 1 billion yuan during the spring farming season this year," said Li.
Alibaba plans to invest 10 billion yuan to establish 100,000 village service centers in three to five years, mostly to teach rural people how to make best use of the Internet.
Suning has established 42 county-level service stations in Jiangxi and 1,000 across the country since the beginning of 2015. It plans to expand to villages to offer electric appliances and daily necessities, said Wang Yongfei, head of Suning's rural e-commerce department Jiangxi branch.
The Chinese government is also encouraging agriculture-related enterprises to go online.
Jiangxi Tenglong Bio-Pharmaceutical Co. Ltd has just signed an agreement with Alibaba to sell antibiotics, mainly for use in breeding, on Taobao in April.
"Sales have been sluggish, with too much reliance on the traditional dealers," said Wen Tao, general manager of the company.
He said they plan to offer a small selection of their products online in order to test the waters.
TaiShang
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Alibaba buys controlling stake in Lazada for US$1b
China Daily, April 13, 2016
Alibaba Group Holding Ltd has taken a controlling stake in Southeast Asian online shopping major Lazada Group SA for roughly $1 billion.
The acquisition will beef up the Chinese internet giant's presence in one of the world's most-populated areas where e-commerce is booming.
Alibaba will spend about $500 million to buy newly issued equity in Lazada and the rest will be spent on acquiring shares from existing holders such as British retailer Tesco Plc.
"(The acquisition) is expected to help brands and distributors around the world that already do business on Alibaba's platform, as well as local merchants, to access the Southeast Asian consumer market," said a joint statement released by Alibaba and Lazada.
Michael Evans, president of New York-listed Alibaba, said the buyout is in line with the company's globalization strategy.
"With the investment in Lazada, Alibaba gains access to a platform with a large and growing consumer base outside China," according to Evans.
Max Bittner, CEO of Lazada, said the transaction will help the Singapore-based company to build its consumer base and "rapidly improve" services by leveraging the Chinese company's technologies.
Lazada operates retail sites in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The six countries have a combined population of about 560 million, nearly twice that of the United States. Approximately 200 million in the region use the internet, according to Internet Live Stats.
Cao Lei, director at Hangzhou-based China E-Commerce Research Center, said overseas expansion is becoming a key strategy for Alibaba and Southeast Asia could be the company's next focus.
"The region is close to China, so Alibaba will be able to use its logistics capability in those countries. The high density of population will also help the e-commerce business quickly expand," said Cao.
With only 3 percent of the region's total retail sales conducted online, Southeast Asia is expected to offer tremendous growth potential, said Alibaba.
The cash-rich company is the biggest spender on overseas acquisitions compared with other Chinese e-commerce players.
From a Hong Kong-based newspaper to the broadcasting right for rugby games, company founder and Chairman Jack Ma is investing in a wide spectrum of sectors amid discussions China's demand in online shopping is hitting a ceiling.
In the e-commerce segment, Alibaba took in shares of the US group-buying platform Groupon Inc and a number of small-time shopping sites.
"The results for Alibaba's US investments are mixed due to complicated reasons from the investment targets. It rarely makes e-commerce-related investment in the Southeast Asian region, which the company may put a little more attention on," according to Cao.
Ma's most prominent investment in the region was a year ago when Alibaba paid $249 million for a minority stake in Singapore Post Ltd, the city-state's key postal service.
More than 80 percent of Alibaba revenues by the end of last year were generated from the Chinese retail marketplace, according to the company's latest financial results.
Alibaba is trying to unlock demands from the mobile and rural sectors to grow its business, on top of its overseas expansion.
China Daily, April 13, 2016
Alibaba Group Holding Ltd has taken a controlling stake in Southeast Asian online shopping major Lazada Group SA for roughly $1 billion.
The acquisition will beef up the Chinese internet giant's presence in one of the world's most-populated areas where e-commerce is booming.
Alibaba will spend about $500 million to buy newly issued equity in Lazada and the rest will be spent on acquiring shares from existing holders such as British retailer Tesco Plc.
"(The acquisition) is expected to help brands and distributors around the world that already do business on Alibaba's platform, as well as local merchants, to access the Southeast Asian consumer market," said a joint statement released by Alibaba and Lazada.
Michael Evans, president of New York-listed Alibaba, said the buyout is in line with the company's globalization strategy.
"With the investment in Lazada, Alibaba gains access to a platform with a large and growing consumer base outside China," according to Evans.
Max Bittner, CEO of Lazada, said the transaction will help the Singapore-based company to build its consumer base and "rapidly improve" services by leveraging the Chinese company's technologies.
Lazada operates retail sites in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The six countries have a combined population of about 560 million, nearly twice that of the United States. Approximately 200 million in the region use the internet, according to Internet Live Stats.
Cao Lei, director at Hangzhou-based China E-Commerce Research Center, said overseas expansion is becoming a key strategy for Alibaba and Southeast Asia could be the company's next focus.
"The region is close to China, so Alibaba will be able to use its logistics capability in those countries. The high density of population will also help the e-commerce business quickly expand," said Cao.
With only 3 percent of the region's total retail sales conducted online, Southeast Asia is expected to offer tremendous growth potential, said Alibaba.
The cash-rich company is the biggest spender on overseas acquisitions compared with other Chinese e-commerce players.
From a Hong Kong-based newspaper to the broadcasting right for rugby games, company founder and Chairman Jack Ma is investing in a wide spectrum of sectors amid discussions China's demand in online shopping is hitting a ceiling.
In the e-commerce segment, Alibaba took in shares of the US group-buying platform Groupon Inc and a number of small-time shopping sites.
"The results for Alibaba's US investments are mixed due to complicated reasons from the investment targets. It rarely makes e-commerce-related investment in the Southeast Asian region, which the company may put a little more attention on," according to Cao.
Ma's most prominent investment in the region was a year ago when Alibaba paid $249 million for a minority stake in Singapore Post Ltd, the city-state's key postal service.
More than 80 percent of Alibaba revenues by the end of last year were generated from the Chinese retail marketplace, according to the company's latest financial results.
Alibaba is trying to unlock demands from the mobile and rural sectors to grow its business, on top of its overseas expansion.
TaiShang
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China's HNA Agrees to Buy Airline Caterer Gategroup for 1.5 Bln USD
016-04-11
Chinese conglomerate HNA Group has agreed to buy Swiss airline catering company Gategroup Holding for 1.4 billion francs, or 1.5 billion US dollars.
Shareholders would get 53 francs per share. The offer is 20 percent higher than the closing price on Friday.
The acquisition builds on the airline and aviation assets the hotels-to-supermarkets conglomerate has, from Brazil to Switzerland.
Meanwhile, upon completion of the public tender offer, HNA Group intends to delist Gategroup.
The acquisition will help address the growing need for catering.
HNA can also bring in some of its know-how into China and help improve the service quality of its airlines.
016-04-11
Chinese conglomerate HNA Group has agreed to buy Swiss airline catering company Gategroup Holding for 1.4 billion francs, or 1.5 billion US dollars.
Shareholders would get 53 francs per share. The offer is 20 percent higher than the closing price on Friday.
The acquisition builds on the airline and aviation assets the hotels-to-supermarkets conglomerate has, from Brazil to Switzerland.
Meanwhile, upon completion of the public tender offer, HNA Group intends to delist Gategroup.
The acquisition will help address the growing need for catering.
HNA can also bring in some of its know-how into China and help improve the service quality of its airlines.
TaiShang
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Alibaba, SoftBank in cloud computing JV in Japan
Xinhua, May 13, 2016
Alibaba announced a joint venture with Japanese telecom operator SoftBank to offer cloud computing services in Japan on Friday.
The joint venture, called SB Cloud, will be 60 percent owned by SoftBank and 40 percent owned by Alibaba. SoftBank's parent company, SoftBank Group Corp., is Alibaba's biggest shareholder.
SB Cloud, will use Alibaba's own cloud computing business and rely on SoftBank for sales and marketing to compete with cloud services offered by Amazon's AWS and Microsoft's Azure in Japan.
SB Cloud will open a data center in Japan and offer Alibaba Cloud-powered services to clients ranging from small start-ups to large multinational companies, Alibaba said in a press release.
Alibaba has data centers in the United States, Hong Kong and Singapore.
Revenue from Alibaba's cloud computing services rose 175 percent during the first three months this year to 1.06 billion yuan (162 million U.S. dollars).
Xinhua, May 13, 2016
Alibaba announced a joint venture with Japanese telecom operator SoftBank to offer cloud computing services in Japan on Friday.
The joint venture, called SB Cloud, will be 60 percent owned by SoftBank and 40 percent owned by Alibaba. SoftBank's parent company, SoftBank Group Corp., is Alibaba's biggest shareholder.
SB Cloud, will use Alibaba's own cloud computing business and rely on SoftBank for sales and marketing to compete with cloud services offered by Amazon's AWS and Microsoft's Azure in Japan.
SB Cloud will open a data center in Japan and offer Alibaba Cloud-powered services to clients ranging from small start-ups to large multinational companies, Alibaba said in a press release.
Alibaba has data centers in the United States, Hong Kong and Singapore.
Revenue from Alibaba's cloud computing services rose 175 percent during the first three months this year to 1.06 billion yuan (162 million U.S. dollars).
ahojunk
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JD.com going into VR battle with Alibaba
By Ouyang Shijia and Meng Jing (China Daily) Updated: 2016-09-07 07:30
People trying out VR games at an urban science festival in Beijing. [Photo/China Daily]
China's second-largest B2C online platform JD.com Inc is gearing up to use virtual reality technology on its online shopping platform in a bid to catch up with its archrival Alibaba Group Holding Ltd.
On Tuesday, the Nasdaq-listed online retailer announced its ambitious plan to build a virtual reality and augmented reality-enabled online shopping experience that can beat those offered by brick-and-mortar stores.
"We don't want to miss the future development of VR and AR technologies. They could provide better shopping experiences and bring convenience to our lives. At the same time, innovative technologies can drive the development of JD's future business," said Long Yu, chief human resources officer at JD.com.
Together with third parties, the company will launch the AR home decoration product. With the AR shopping app, users can "see" virtual items in a real environment, such as the position of a sofa and the color of the wallpaper. At the same time, users can have a real-time conversation with designers to discuss the interior layout of their home.
Apart from AR, JD currently uses VR technologies on 3C (computer, communications and consumer electronics), home appliances and other fields. Putting on a VR headset, users can pick up the selected product and view it in 360 degrees.
In February, JD's rival Alibaba invested in US-based mixed reality startup Magic Leap. Then it announced the establishment of its own VR research lab, GnomeMagic Lab. And in July, Alibaba provided a preview of its "Buy+" virtual store at the Taobao Maker Festival in Shanghai.
According to a jointly issued VR & AR market analysis report by JD and research firm International Data Corporation (IDC), as the VR market develops rapidly, the fourth quarter will usher in full-blown competition.
IDC China managing director Kitty Fok said that the VR market would maintain its rapid growth, with the compound annual growth rate up to 75.5 percent from 2015 to 2020.
"With JD's key business lying in online shopping malls, VR and AR technologies will help improve the impact of commodity displays, and boost the company's business. As a representative of B2C platforms, JD's main users are people aged between 20 to 35 with medium to high incomes, who are aware of VR and AR technologies," said Zhao Ziming, an analyst at Beijing-based internet consultancy Analysys.
However, James Yan, research director at Counterpoint Technology Market Research, said in an earlier interview that the application of VR in e-commerce would need more time to take off because it is difficult to make people form the habit of using VR technology to shop. "And VR content for shopping is also in desperate need," he said.
On Tuesday, JD also announced its cooperation with domestic VR manufacturer Beijing Baofeng Mojing Technology Co Ltd over the next three years, to sell 15 million VR headsets.
By Ouyang Shijia and Meng Jing (China Daily) Updated: 2016-09-07 07:30
People trying out VR games at an urban science festival in Beijing. [Photo/China Daily]
China's second-largest B2C online platform JD.com Inc is gearing up to use virtual reality technology on its online shopping platform in a bid to catch up with its archrival Alibaba Group Holding Ltd.
On Tuesday, the Nasdaq-listed online retailer announced its ambitious plan to build a virtual reality and augmented reality-enabled online shopping experience that can beat those offered by brick-and-mortar stores.
"We don't want to miss the future development of VR and AR technologies. They could provide better shopping experiences and bring convenience to our lives. At the same time, innovative technologies can drive the development of JD's future business," said Long Yu, chief human resources officer at JD.com.
Together with third parties, the company will launch the AR home decoration product. With the AR shopping app, users can "see" virtual items in a real environment, such as the position of a sofa and the color of the wallpaper. At the same time, users can have a real-time conversation with designers to discuss the interior layout of their home.
Apart from AR, JD currently uses VR technologies on 3C (computer, communications and consumer electronics), home appliances and other fields. Putting on a VR headset, users can pick up the selected product and view it in 360 degrees.
In February, JD's rival Alibaba invested in US-based mixed reality startup Magic Leap. Then it announced the establishment of its own VR research lab, GnomeMagic Lab. And in July, Alibaba provided a preview of its "Buy+" virtual store at the Taobao Maker Festival in Shanghai.
According to a jointly issued VR & AR market analysis report by JD and research firm International Data Corporation (IDC), as the VR market develops rapidly, the fourth quarter will usher in full-blown competition.
IDC China managing director Kitty Fok said that the VR market would maintain its rapid growth, with the compound annual growth rate up to 75.5 percent from 2015 to 2020.
"With JD's key business lying in online shopping malls, VR and AR technologies will help improve the impact of commodity displays, and boost the company's business. As a representative of B2C platforms, JD's main users are people aged between 20 to 35 with medium to high incomes, who are aware of VR and AR technologies," said Zhao Ziming, an analyst at Beijing-based internet consultancy Analysys.
However, James Yan, research director at Counterpoint Technology Market Research, said in an earlier interview that the application of VR in e-commerce would need more time to take off because it is difficult to make people form the habit of using VR technology to shop. "And VR content for shopping is also in desperate need," he said.
On Tuesday, JD also announced its cooperation with domestic VR manufacturer Beijing Baofeng Mojing Technology Co Ltd over the next three years, to sell 15 million VR headsets.
Jack Ma’s Finance Business May Be Worth More Than Goldman Sachs
September 20, 2016 — 7:28 PM AEST
Alipay got its start in 2004 as a way for the customers of Alibaba Group Holding Ltd. to more easily buy goods online. Now the business’s parent company may be worth $75 billion, or more than Goldman Sachs Group Inc.
That’s the conclusion of Elinor Leung, the head of telecom and Internet research at CLSA in Hong Kong. The number may not even sound that outlandish: Ant Financial, Alipay’s parent company, was valued at about $60 billion in June when it raised $4.5 billion, people familiar with the matter said at the time.
Leung estimates that most of Ant Financial’s value is in Alipay, China’s most popular online payment service, with a projected worth of $50 billion. Its micro loans service is probably worth another $8 billion, while Ant’s wealth management unit is given a valuation of $7 billion. The rest of Ant Financial’s valuation comes from investments and cash on hand, outstripping Goldman’s roughly $70 billion market value as of Monday..
"Alipay has a very strong leadership in terms of online payment ecosystem," Leung said. "Alipay is not just for payment.” It is also a “big distribution platform for Ant Financial’s other products."
The company could grow to $100 billion in two years, as the current valuation doesn’t include growth brought in by insurance, credit scoring and cloud computing, Leung said.
Ant Financial is considering an initial public offering in Hong Kong in the first half of next year, people familiar with the matter said last month. If it goes ahead, Ant Financial could rank among Hong Kong’s largest debuts ever. Even a 10 percent float, lower than average for the city’s market, could end up raising $6 billion based on Ant’s June-round valuation. Ant is controlled by Alibaba Chairman Jack Ma and Alibaba would benefit from such an IPO through either an option to buy a one third stake or a one-time payment.
September 20, 2016 — 7:28 PM AEST
Alipay got its start in 2004 as a way for the customers of Alibaba Group Holding Ltd. to more easily buy goods online. Now the business’s parent company may be worth $75 billion, or more than Goldman Sachs Group Inc.
That’s the conclusion of Elinor Leung, the head of telecom and Internet research at CLSA in Hong Kong. The number may not even sound that outlandish: Ant Financial, Alipay’s parent company, was valued at about $60 billion in June when it raised $4.5 billion, people familiar with the matter said at the time.
Leung estimates that most of Ant Financial’s value is in Alipay, China’s most popular online payment service, with a projected worth of $50 billion. Its micro loans service is probably worth another $8 billion, while Ant’s wealth management unit is given a valuation of $7 billion. The rest of Ant Financial’s valuation comes from investments and cash on hand, outstripping Goldman’s roughly $70 billion market value as of Monday..
"Alipay has a very strong leadership in terms of online payment ecosystem," Leung said. "Alipay is not just for payment.” It is also a “big distribution platform for Ant Financial’s other products."
The company could grow to $100 billion in two years, as the current valuation doesn’t include growth brought in by insurance, credit scoring and cloud computing, Leung said.
Ant Financial is considering an initial public offering in Hong Kong in the first half of next year, people familiar with the matter said last month. If it goes ahead, Ant Financial could rank among Hong Kong’s largest debuts ever. Even a 10 percent float, lower than average for the city’s market, could end up raising $6 billion based on Ant’s June-round valuation. Ant is controlled by Alibaba Chairman Jack Ma and Alibaba would benefit from such an IPO through either an option to buy a one third stake or a one-time payment.
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Alibaba leads Asian listed firms in market value
2016-09-18 08:49 | Xinhua Editor: Mo Hong'e
Alibaba's market value surpassed all other Asian listed firms, according to the e-commerce giant on Saturday.
The world's largest e-commerce platform closed at 104.64 U.S. dollars per share on the New York Stock Exchange Friday, totalling over 266 billion U.S. dollars, the highest market capitalization of any Asian listed firm.
Rallying share prices due to booming business and outstanding financial performance have seen Internet companies catching up with traditional sectors. Another Chinese internet company, Tencent, topped the Asian listed-firms market capitalization earlier this month.
Alibaba reported stellar growth in the second quarter of this year, with revenue rising about 59 percent year on year, the strongest rise since its IPO two years ago.
In addition to its e-commerce business, Alibaba is hoping for momentum in its financial, cloud computing and logistics services over the next decade.
2016-09-18 08:49 | Xinhua Editor: Mo Hong'e
Alibaba's market value surpassed all other Asian listed firms, according to the e-commerce giant on Saturday.
The world's largest e-commerce platform closed at 104.64 U.S. dollars per share on the New York Stock Exchange Friday, totalling over 266 billion U.S. dollars, the highest market capitalization of any Asian listed firm.
Rallying share prices due to booming business and outstanding financial performance have seen Internet companies catching up with traditional sectors. Another Chinese internet company, Tencent, topped the Asian listed-firms market capitalization earlier this month.
Alibaba reported stellar growth in the second quarter of this year, with revenue rising about 59 percent year on year, the strongest rise since its IPO two years ago.
In addition to its e-commerce business, Alibaba is hoping for momentum in its financial, cloud computing and logistics services over the next decade.
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