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Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks

Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks Alibaba Group introduced its first AI inference chip today, a neural processing unit called Hanguang 800 that it says makes performing machine learning tasks dramatically faster and more energy-efficient. The chip, announced today during […]

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Jack Ma officially retires as Alibaba’s chairman

Jack Ma officially retires as Alibaba’s chairman Jack Ma stepped down as Alibaba’s chairman today, handing the role over to the company’s current CEO Daniel Zhang. The transition was announced a year ago. Ma will continue serving on Alibaba’s board until its annual general shareholders’ meeting next year. He also remains a […]

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Alibaba’s UCWeb to launch an e-commerce service in India

Alibaba’s UCWeb to launch an e-commerce service in India UCWeb, a subsidiary of Chinese giant Alibaba Group, plans to launch an e-commerce service in India in the coming months. In a statement to TechCrunch, a UCWeb spokesperson said the firm plans to build an e-commerce service around content platforms in India. The […]

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Alibaba to help Salesforce localize and sell in China

Alibaba to help Salesforce localize and sell in China Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba. Alibaba will be the exclusive provider of Salesforce to enterprise customers in mainland China, Hong Kong, […]

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EBay picks 5.5% stake in India’s Paytm Mall

EBay picks 5.5% stake in India’s Paytm Mall EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market. The two firms did not disclose financial terms of the deal, but a source familiar […]

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Online shopping guide SMZDM surges 44% on China stock market debut

Online shopping guide SMZDM surges 44% on China stock market debut When Chinese internet companies seek initial public offerings, they tend to look to the United States where rules for profitability are less strict. SMZDM, an online shopping guide that few people outside China have heard of, has joined a small rank […]

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Image recognition, mini apps, QR codes: how China uses tech to sort its waste

Image recognition, mini apps, QR codes: how China uses tech to sort its waste China’s war on garbage is as digitally savvy as the country itself. Think QR codes attached to trash bags that allow a municipal government to trace exactly where its trash comes from. On July 1, the world’s most […]

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China’s Alipay adds sought-after beauty filters to face-scan payments

China’s Alipay adds sought-after beauty filters to face-scan payments In China, striving for accuracy in a piece of facial recognition software isn’t enough. As Alibaba’s e-wallet affiliate Alipay has recently demonstrated, the way software presents a user’s look is also crucial to its success. On Tuesday, Alipay announced on social media platform […]

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Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia

Warburg Pincus announces new .25 billion fund for China and Southeast Asia Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund dedicated to China and Southeast Asia. The firm has been present in China for 25 years, […]

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Pinduoduo cements position as China’s second-largest ecommerce player

Pinduoduo cements position as China’s second-largest ecommerce player Alibaba and JD.com have been in a war over the Chinese e-commerce space for a decade or so, but a third player called Pinduoduo has managed to shake up the duopoly in recent times. The startup, which was founded in 2015 by an ex-Googler […]

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