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Tag Archives: Alibaba

IPO Verdict: Jumia Sure Trades Like “The Amazon (or Alibaba) of Africa”

Not all initial public offerings have been considered hot in 2019, but don’t tell that to Jumia Technologies AG (NYSE: JMIA). This is said to be the first unicorn valuation for an African technology company, as it is called “the Amazon of Africa” in some reports with a large online marketplace in Africa for electronics and many other consumer goods. ...

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Alibaba Cloud launches tech for change initiative for social good

Alibaba Cloud, the cloud-computing arm of Alibaba Group, has announced the Tech for Change initiative at the Mobile World Congress (MWC).  The initiative calls for inspiring ideas and joint efforts from enterprises, start-ups and young entrepreneurs, to tackle global social and humanitarian challenges in areas such as education, economic development and the environment through technologies.    Alibaba Cloud, which provides ...

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Alibaba is behind hit Chinese Communist Party’s propaganda app

(Reuters) — A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation’s tech firms are under global scrutiny over their ties to Beijing. “Xuexi Qiangguo”, which literally translates as ‘Study to make China strong’ and is a play on the government propaganda ...

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Is Poland the opening Alibaba needs to break grip of Amazon, Microsoft, Google on cloud?

The international cloud market is dominated by Amazon, Microsoft, and Google, while the e-retail space is usually controlled by Amazon or local parties.  But it’s no secret that Chinese giant Alibaba wants a piece of both markets as well. Central Europe, which is still a cloud frontier, is its battleground of choice. On almost every list of leaders for public ...

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Taiwan-based travel startup AsiaYo raises $7M Series B led by Alibaba Taiwan Entrepreneurs Fund

AsiaYo, a travel accommodation booking platform based in Taipei, Taiwan, has raised a $ 7 million Series B led by Alibaba Taiwan Entrepreneurs Fund, a non-profit initiative run by the Chinese e-commerce giant, and China Development Financial. Darwin Ventures and Delta Ventures also participated in the round, which brings AsiaYo’s t… Startups – TechCrunch

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Why Alibaba Is Down 10% in 2018

[unable to retrieve full-text content] After a strong first half of 2018 shares of Alibaba NYSE BABA reversed course and now are sporting a double digit loss on the year U S China trade tensions and declining profit margins have been to blame for the Chinese e commerce giant s swoon even though the company… Latest Articles in

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