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SINGAPORE (Reuters) - A venture between Singapore Telecommunications and ride-hailing firm Grab and internet platform company Sea Ltd are among four applicants chosen to operate Singapore's first digital banks, in the city-state's biggest banking shakeup in two decades.
BEIJING/SHANGHAI (Reuters): Alibaba Group's Cainiao is in talks with Chinese vaccine makers over Covid-19 vaccine logistics, a spokeswoman said on Thursday (Dec 3), as the company launched a partnership with Ethiopian Airlines to transport medicine to the Middle East and Africa.
MUMBAI: India’s Tata Group is in advanced talks to buy as much as 80% of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding Ltd at about US$1.6bil, a person familiar with the matter said.
From Washington to Beijing, governments are trying to strike the right balance between enabling technology innovation and preventing giants like Google and Facebook Inc from suffocating rivals. Now India is experimenting with a framework for financial technology that’s certain to provide lessons worldwide – succeed or fail.
China plans to impose “special and innovative regulatory measures” on financial technology behemoths such as Jack Ma’s Ant Group Co to eliminate monopolistic practices and strengthen risk controls.
ALIBABA Cloud, the digital technology and intelligence backbone of Alibaba Group, revealed the cutting-edge technologies rolled out in support of this year’s 11.11 Global Shopping Festival.
The practice of paying for fake accounts to boost livestream viewer counts and virtual gift purchases is an ‘open secret’ in the industry, experts say. Reasons range from pushing up live streams in recommendation rankings to earning fatter commissions from brands, but regulators are catching on.
JD Digits, the e-commerce giant’s big data arm, is building up a smart city operating system that uses artificial intelligence. Alibaba, Tencent and Baidu all have their own plans for Xiongan, a smart city project personally backed by Chinese President Xi Jinping.