The project is in cooperation with the China Academy of Launch Vehicle Technology and the China Space Museum
His appointment was announced by UNCTAD Secretary-General Mukhisa Kituyi in New York
The new partners include Kotak Mahindra Bank, IDFCBank, Delhivery, DHL and Aditya Birla Finance
Founder Jack Ma's $35 billion fortune makes him the country's richest person and the embodiment of the new economy
Paytm would likely be its biggest investment in the country
Believes mobile and payments to be an important strategic asset for it in India
Revenue at China's biggest e-commerce company rose 59% to $4.8 bn in the three months ended June
Remains silent on the US Securities and Exchange Commission investigation into its accounting practices
Alibaba's total revenue rose $4.84 billion
Alibaba took a shot at cloud computing seven years ago and is rapidly growing
Domestic firms changing biz models to woo China's e-major
Ever wanted to click a 360-degree selfie inside your car? Now you can. The "OS'Car RX5" developed jointly by SAIC Motor Corp. and the Alibaba Group lets you do that (courtesy four detachable action cameras), and a whole lot more. The vehicle is among the first to feature the YunOS, developed by the Alibaba Group specifically for the automotive industry. The Chinese e-commerce giant stresses that the vehicle isn't about 'internet in the car', but a 'car on the internet'. It is the first car of its kind in mass production, that has been co-developed after two years of research and development. The car shares data with a cloud-based platform that the manufacturer plans on analysing and using to improve driving experience. Jack Ma, executive chairman of Alibaba Group said "Humans have made machines more intelligent in the past few decades. What we hope to achieve in the coming decades is to inject machines with human wisdom. Just as software programs have made the phone smarter ...
Alibaba's new candour is overdue but welcome
The office shutdown meant 30 employees employed with the company had to leave as well
Ma, founder of the Chinese e-commerce giant, also said that It will help Alibaba as a company and give it more exposure
Both wealth funds purchased stake worth $500 million each at $74 apiece through subsidiaries
With the boost of smartphone utilisation, India is now the largest consumer market for security apps in the world
Japanese mobile carrier SoftBank will sell part its stake to pay down a whopping debt load
SEC is investigating how the Chinese e-commerce giant accounts for affiliated companies and related-party transactions
An anti-counterfeit group suspended the membership of Alibaba, one month after the Chinese Internet giant joined, after questions were raised about conflicts of interest involving the coalition's president and complaints from some members.The International AntiCounterfeiting Coalition, a nonprofit global organisation that fights counterfeit products and piracy, created a new membership category in April that allowed Alibaba to join. Alibaba is trying to shed its image as a haven for cheap brand knockoffs, but its inclusion in the group irked some members who say the company isn't going far enough to cull fakes from its online marketplaces.The IACC board said conflicts of interest involving President Bob Barchiesi were not communicated to directors, due to a "weakness in our corporate governance procedures". As a result of concerns raised by members, IACC is putting on hold the new membership classification to allow "further discussion and consideration," according to a letter from the