Tag: Alibaba

China Cloud services spend exceeds $5 billion in Q3, Alibaba leads

NEW DELHI: Alibaba Cloud remained the leader in the China Cloud services market in Q3 with a 41 per cent market share and continued strong growth. The China Cloud infrastructure spend grew 65 per cent in Q3 2020 to exceed $5 billion for the first time, acceding to the data provided by the global market […]

Alibaba to invest $1.4 billion in artificial intelligence system for smart speakers

SHANGHAI: Alibaba Group Holding Ltd will invest 10 billion yuan ($1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday. The announcement comes as the e-commerce giant continues its push into new technologies and business sectors beyond online shopping. The […]

Chinese e-commerce giants Alibaba, JD offer bookings for COVID-19 tests

SHANGHAI:Chinese e-commerce giants Alibaba Group Holding Ltd (BABA.N) and JD (JD.O) have each launched booking services for COVID-19 tests, the companies announced. The services have been launched as China accelerates testing for the illness and the city of Wuhan, the initial epicentre of the outbreak, opens up from lockdown. Users searching for “Coronavirus Nucleic Acid […]

RIL becoming consumer giant like Alibaba, may rival Amazon, Walmart: Study

NEW DELHI: Oil-to-telecom conglomerate Reliance Industries is evolving from an integrated energy company into a consumer giant like China’s Alibaba and potentially could rival likes of Amazon and Walmart, says a report on Thursday. India’s No1 oil refining and petrochemical company plans to roll out its online shopping platform that will combine its retail arm’s […]

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