Tag: Alibaba

Is facial recognition the stuff of sci-fi? Not in China

by Peter STEBBINGS Agence France-Presse SHANGHAI, China (AFP) – From toilet-paper dispensers to fast-food restaurants, travel and crime-fighting, China is taking the lead in rolling out facial-recognition technology. But while advocates warn it makes life easier, quicker and safer, opponents counter that it is another example of how the Chinese government keeps a sinister and increasingly close eye on its 1.4 billion people. Shanghai and other Chinese cities have recently started deploying facial recognition to catch those […]

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Yahoo names post-spinoff management team

WASHINGTON, United States (AFP) — Yahoo said Monday that board member and former Internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed. The Internet pioneer said the sale of its main operating unit was on track to be completed in the second quarter, and that McInerney would head the financial holding company that is provisionally called “Altaba.” The main holding of Altaba would […]

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Yahoo appears near deal to sell core assets

by Sophie ESTIENNE SAN FRANCISCO, United States (AFP) — Yahoo was set to announced a deal to sell its core online assets, ending a 20-year run as an independent company for the internet pioneer. Multiple reports said Yahoo, which introduced many users around the world to the internet, would be selling its main assets for $4.8 billion to telecom giant Verizon. The New York Times said the deal would exclude the hefty Yahoo stakes in […]

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Alibaba expands in Southeast Asia with $1 bn deal

SHANGHAI, China (AFP) — Chinese e-commerce giant Alibaba will acquire a controlling stake in leading Southeast Asian online shopping platform Lazada for $1.0 billion, it said Tuesday as Jack Ma’s company seeks to expand outside its home market. Alibaba’s Taobao platform is estimated to have more than 90 percent of the consumer-to-consumer market in China, while its Tmall platform is believed to command more than half of business-to-consumer transactions. But its international commerce business only accounted […]

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Alibaba to launch U.S. e-commerce website

(Reuters) – Alibaba Group Holding Ltd is set to launch a U.S. e-commerce website through its subsidiaries Vendio and Auctiva, which are in turn part of the Alibaba.com business group, the company told Reuters on Tuesday. The 11 Main (11main.com) site is an online shopping businessthat offers “interesting, quality products” from “hand-picked shop owners” such as fashion, tech and jewelry goods. Alibaba has been ramping up its international expansion with various acquisitions, including leading a roughly $200 million investment […]

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