Chinese Stocks Archives - Page 6 of 23

ThursdaySep 19, 2024 10:00 am

Alibaba Sets Sights on Expanding into the US

China's Alibaba.com is looking to expand into the U.S. market amid increasing competition in the Chinese market coupled with weak consumer spending. During an exclusive interview with Rest of World, Alibaba President Kuo Zhang said Alibaba is optimistic about the United States and would try to enter the market by “wooing” mom-and-pop businesses in the country. The e-commerce giant makes a large portion of its revenue by connecting business owners with suppliers that can bulk supply virtually anything through Alibaba Group Holding Ltd. (NYSE: BABA)'s online platforms. However, after dominating the Chinese market for well over a decade and transitioning…

TuesdaySep 17, 2024 10:00 am

How to Sniff Out Phony Profiles on Dating Apps

Dating applications have become increasingly inundated with fake profiles run by scammers looking to take advantage of unsuspecting users. While the majority of dating app scams seek to defraud, some scams involve crimes as serious as trafficking and are incredibly damaging to both users and the dating platforms themselves. Recently published research revealed that three in five users suspect the profiles they interact with to be fake. This has become such a significant issue in the virtual dating space that a growing number of users are now swearing off online dating apps such as Tinder and Bumble in favor of…

ThursdaySep 12, 2024 10:00 am

Ant Group Registers Six-Fold Spike in Travelers Using Chinese Mobile Payment System

China's Ant Group has registered a 300% surge in the number of international travelers using its mobile payment system. The group revealed in a recent announcement that transaction volumes on its mobile payment services involving international travelers increased by six times, indicating the increasing popularity of Ant Group's mobile payment services among inbound travelers. The past six months have seen the number of international visitors using Ant Group's cross-border payment services quadruple, especially now that the International Consumer Friendly Zones program, which was launched in March, has reached an estimated 70 cities in China so far. As China's tourism rates…

TuesdaySep 10, 2024 10:00 am

Alibaba Establishes Digital Tech Firm Within e-Commerce Unit

Alibaba Group Holding Ltd. (NYSE: BABA) has established a new digital tech firm within e-commerce outfit Taobao and Tmall Group (TTG) to further its goal of expanding its share of the global market: the Hangzhou Taobao and Tmall Digital Technology Company. The new technology company has a registered capital base of $1.4 million (10 million yuan) and will be involved in a variety of businesses. This includes outdoor products, food sales, export and import of products, household appliances, daily groceries and tech-related services such as technology transfer and software development. The new technology company was registered on Aug. 23, 2024,…

ThursdaySep 05, 2024 10:00 am

New Trend? Gen Z Shunning Online Dating

It seems that Generation Z, a cohort that was born and raised in the information age, is shunning online dating platforms in favor of in-person meet-ups. Local relationship experts say Gen Z’ers are turning away from virtual dating and increasingly prefer to meet potential partners organically, without using technology. Interestingly, Millennials still prefer to use dating platforms such as Tinder and Hinge, while Gen Z is opting for more traditional means of dating despite being younger and ostensibly more internet savvy. Relationship expert and coach Ntombi Mthembu says there has been an upsurge in in-person interactions among Gen Z’ers as…

TuesdaySep 03, 2024 10:00 am

Mobile Payment Systems Play Key Role in Global Economy

In the decade or so since mobile money services appeared on the scene, they have gained a significant role in the global economy. The continued digitization of commerce, particularly with the launch of Amazon and other online marketplaces, made mobile money use among the general public even more common. These services became even more popular during the coronavirus pandemic as online purchases, home deliveries and curbside pickups became the norm. Mobile payment systems have fundamentally changed financial transactions between businesses and their customers. The proliferation of mobile smartphones in both developed nations and emerging economies has had a hand in…

ThursdayAug 29, 2024 10:00 am

Alibaba Announces Upgrade of Hong Kong Listing, Aims to Attract Chinese Investors

Alibaba Group Holding Ltd. (NYSE: BABA) recently announced that it will be upgrading its listing on the Hong Kong Stock Exchange’s main board from Aug. 28, 2024. The move could allow the group, already listed on the New York Stock Exchange, to tap into a new pool of Chinese investors. The listing upgrade will also make Alibaba a dual-listed company, capable of receiving investment from two of the most robust financial markets on the globe. Alibaba applied for the listing status upgrade in July 2022, and the move will significantly expand the company’s investor base and grant it access to…

TuesdayAug 27, 2024 10:00 am

IWF Calls Out WhatsApp on Sharing of Child Abuse Imagery

A safety group is calling out Meta subsidiary and global communication platform WhatsApp for not taking steps to stop users from sharing images depicting child abuse. The Internet Watch Foundation (IWF), an organization that finds and removes child abuse images from the internet, alleges that Meta isn't doing enough to protect children and called on the tech giant to intensify efforts to stop the sharing of such images on WhatsApp. According to the safety group, Meta could use content-moderation mechanisms to prevent the proliferation of child abuse images on the communication app. WhatsApp is the most popular mobile communication platform…

ThursdayAug 22, 2024 10:00 am

Big Data Set to Transform Insurance Industry

As computing technology has gone through massively rapid improvements over the past several decades, generating greater and more complex amounts of data has become the norm in many industries. This has been accompanied by complementary advancements in data processing and handling capabilities that have significantly increased access to data and the proficiency of data analysis. The insurance industry, a sector that is greatly reliant on data generation and analysis to run effectively, is now poised to see major changes, thanks to Big Data, a concept that refers to the constantly evolving ability to process and analyze massive volumes of complex…

TuesdayAug 20, 2024 2:00 pm

How Alibaba’s Technology Dazzled Spectators, Wowed Viewers During Recent Olympics

The 2024 Paris Summer Olympics may have just concluded, but they provided Alibaba Group Holding Ltd. (NYSE: BABA) with an invaluable platform to showcase its artificial intelligence and cloud technology. The 19-day competitive sports extravaganza featured a myriad of outdoor and indoor events that used Alibaba's technology to broadcast events and engage with users in a completely unprecedented manner. According Thomas Batch, president of the International Olympic Committee (IOC), Alibaba served the 2024 Olympics by providing supporting technology that significantly improved the games’ “efficiency and sustainability.” The Chinese company partnered with the IOC to bring about a new age of…

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