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Tag Archives: Alibaba Group Holding Ltd

An internet split between China and USA

“It’s (China) arguably ahead of U.S. in some areas behind in others, maybe neck and neck. But at the current trajectory, China will probably be ahead of U.S. in five years,” Lee said. “China has more data, more users, more usage per data. And there’s very pro-AI government policies. So …

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SoftBank mobile unit begins trading on Tokyo Stock Exchange

SoftBank will be replacing its Huawei hardware in its 4G network infrastructure over the next few years and using equipment from Ericsson and Nokia instead, according to Japan’s Nikkei Asian Review. It is also expected to place orders with the two European companies for its 5G networks, the Nikkei reported. …

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Starbucks, Uber CEOs talk new partnership, emphasis on company culture

The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday. In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s …

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How Magic Leap One headset works

CNBC had a chance this month to check out the first product from a company that raised more than $2.3 billion from Alphabet’s Google, Alibaba and J.P. Morgan. Magic Leap didn’t initially provide much information on how its $2,295 Magic Leap One headset works, though. Now, there’s an answer. First, …

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US-listed Chinese stocks fall after Alibaba disappoints

Shares of major Chinese tech companies fell in New York trading after tech conglomerate Alibaba reported adjusted quarterly earnings that missed expectations. The company also warned in an earnings call that profit growth may slow in the near term due to investments in new businesses and consolidation of its Ele.me …

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China is now the world’s second-highest spender on TV shows after US

As is the case for Netflix, Amazon and Hulu, original shows are important to Chinese streaming sites, with such content making up 49 percent of all Chinese programs in 2017. Producing content not available elsewhere encourages people to sign up and provides other commercial opportunities, according to IHS Markit Senior …

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China wants to build robots to overtake its rivals. It’s not there yet

Globally, robots are being used in more areas than just manufacturing. “One of the hottest areas right now is warehousing and distribution,” Jeff Burnstein, president at the Association for Advancing Automation, told CNBC’s “Squawk Box.” “Robots are pouring into companies like Amazon, Walmart, Target, Alibaba, you name it,” he said, …

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Chinese investors are picking other assets over stocks

Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country’s asset management market — which many predict will soon become the world’s second largest. Mainland Chinese assets under management grew 22 percent last year to $4.2 trillion, outpacing …

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Jana Partners takes a stake in Alibaba, Facebook & Wells Fargo

Activist investor Jana Partners has taken new stakes in Alibaba, Alphabet, Facebook, Wells Fargo and Microsoft, according to a new regulatory filing Tuesday that discloses positions through the end of the second quarter. Facebook was a rapid about face for the fund, which disclosed in May that it had sold …

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