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Alibaba overtakes Facebook as world’s sixth-most valuable company after shares soar by 10% in Hong Kong
Alibaba’s shares rose 10% in Hong Kong to a record HK$261.60, after advancing 9% in New York overnight to US$257.68. That gives the Hangzhou-based technology company nearly HK$5.614tril (US$720bil) in market value, more than Facebook’s US$694.53bil in capitalisation.
China calls for joint development in AI to reduce risk of technology gap between rich and poor countries
China’s AI industry continues to grow, with core activities in the sector valued at US$7bil and the number of AI enterprises exceeding 2,600 at the end of 2019. The conference attracted executives from nearly 500 companies and institutions, including US firms Intel, Tesla, Microsoft and Nvidia, as well as scientists and scholars.
PORT KLANG (Bernama): Prasarana Malaysia Berhad (Prasarana) will add 27 new four-coach Bombardier Innovia Metro 300 train sets in stages until 2023 for the Kelana Jaya Light Rail Transit route.
JAKARTA (The Jakarta Post/ANN): Telecommunications company PT Indosat, which owns Indosat Ooredoo, has announced that its operating model will go fully digital, made possible with the help of its global partners, Swedish technology Ericsson and China-based Huawei.
As TikTok competitors swoop in amid global pushback, is the short video app losing its ‘first mover advantage’?
In the week after India banned TikTok, negative sentiment against the app on social media rose to 80% on average from 55% a week before. Meanwhile, Indian alternatives are gaining traction and Western apps are also launching short video features.
US electric vehicle maker Tesla Inc is "very close" to Level-5 autonomous driving technology, its chief executive, Elon Musk, said on Thursday.
SINGAPORE (The Straits Times/ANN): More than 500 Covid-19 patients here who have recovered are part of an ongoing study to monitor the long-term effects of infectio
NEW YORK / LOS ANGELES, July 9, Reuters/Xinhua - Harvard University and Massachusetts Institute of Technology (MIT) sued the Trump administration on Wednesday, seeking to block a new rule that would bar foreign students from remaining in the United States if their universities move all courses online due to the coronavirus pandemic.
Time will be the next frontier in India’s digital battlefield; dollars will follow the hours consumers spend online.
BANGKOK (The Nation/ANN): The Office of Agricultural Affairs and the Ministry of Commerce have been tasked with convincing Europe to remove the ban on Thai coconut milk in European supermarkets due to PETA’s claim that Thailand was committing animal abuse to make coconut products.