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LEVERAGING THE CLOUD ADVANTAGE FOR GROWTH
IT has been more than a month since the widely anticipated Singles’ Day passed, but its success - evident in its phenomenal growth year-on-year - demonstrates the undeniably rapid acceleration of technology adoption worldwide, with the hero being the technology that underpins e-commerce platforms: cloud computing.
LEVERAGING THE CLOUD ADVANTAGE FOR GROWTH
IT has been more than a month since the widely anticipated Singles’ Day passed, but its success - evident in its phenomenal growth year-on-year - demonstrates the undeniably rapid acceleration of technology adoption worldwide, with the hero being the technology that underpins e-commerce platforms: cloud computing.
Tencent feels heat from gaming rivals Alibaba, ByteDance and Genshin Impact maker miHoYo
Tencent saw record growth in gaming in 2020, investing in nearly 30 companies as PUBG Mobile and Honour of Kings pulled in more than US$5bil. While Alibaba and ByteDance continue to push into gaming, miHoYo’s Genshin Impact became one of the hottest new titles without Tencent’s ecosystem.
China's Bay Area flexes muscles in Hurun Global 500 list
SHENZHEN (China Daily/ANN): The Guangdong-Hong Kong-Macao Greater Bay Area supplied 15 of the 51 Chinese companies that made it to the 2020 Hurun Global 500 list, which tracks the world’s richest non-State-owned companies. The ranking was published on Tuesday (Jan 12).
U.S.-listed Chinese firms trade mostly higher
NEW YORK, Jan. 13 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
US won't bar investments in Alibaba, Tencent and Baidu: Reports
NEW YORK (Bloomberg): US officials deliberated but ultimately decided against banning American investment in Alibaba Group Holdin and Tencent Holdings, a person familiar with the discussions said, removing a cloud of uncertainty over Asia’s two biggest corporations.
U.S.-listed Chinese firms trade mostly lower
NEW YORK, Jan. 14 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Thursday with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Jack Ma’s local bar lacks one thing: its most famous regular
Business was brisk at the HHB Music House on a recent Thursday night. The live music venue, located just a short taxi ride from Alibaba Group Holding Ltd’s headquarters, was crowded, with virtually all of the dozen or so tables and booths occupied by Jack Ma fans ordering Alibaba-themed cocktails with their Alibaba mobile app in the dark and listening to cover songs by the house band.
Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion
With a user base of 300 million daily live-streaming users, Beijing-based Kuaishou is the world’s second-largest video-sharing appIPO could set the stage for listings by competitors Bilibili, Douyin and iQiyi
Deaths, self-immolation draw scrutiny on China tech giants
E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.
