Alibaba Group has acquired Daraz, its second purchase for a Rocket Internet company following the earlier deal for Lazada in Southeast Asia.
China-based SenseTime Group has become the world’s most valuable artificial intelligence (AI) startup following a US$600 million from Alibaba Group Holding and other investors for a valuation of more than US$3 billion.
Most Southeast Asian capitals and major cities are notorious for its traffic congestion. In separate developments, Alibaba and Google have taken steps to be more involved in the transportation industries in Malaysia and Indonesia respectively.
With artificial intelligence (AI) being a hot topic this year, NVIDIA is organising its first AI-focused regional conference in Singapore on October 23 and 24.
The event will be held in two parts with the first day focusing on Deep Learning Institute (DLI) workshop where participants will received hands-on training on deep learningl and the second day filled with keynote addresses, panel discussion and three tracks. It is targeted at data scientists and senior decision makers in the field of AI in both public and private sectors.
“Singapore is aiming to be the world’s first smart nation and AI is playing a critical role. NVIDIA is well positioned to help drive the government’s Smart Nation initiative with the development of solutions based on AI. Our GPUs are making headlines across the world by enabling many breakthroughs in various industries using deep learning,” said Raymond Teh, Vice President of APAC sales and marketing at NVIDIA.
hybris has announced the coming availability of hybris B2C Commerce Accelerator for China. As businesses move from a single channel, such as print catalogues, to multiple channels — including online, mobile, print and call centers, complexity increases.
Founded on hybris Commerce Accelerator, hybris B2C Commerce Accelerator for China has been specially configured and equipped with functionalities specifically to address Chinese e-commerce needs.
Adapted expressly for the Chinese market, it comes with pre-configured page templates that are designed to suit the highly characteristic ‘click’ culture and specific shopping atmosphere enjoyed by Chinese consumers, providing big product images, larger merchandising bars and a very visual user experience.
Alibaba Group handled a record-breaking surge in online shopping traffic on China Singles’ Day on November 11 , the busiest day of the year for Internet retailers in China.
China’s largest e-commerce company broke its one-day sales record by more than 80 percent. ZTE’s ZXONE 8700 optical transport network system carried 90 percent of Alibaba’s operating data traffic that day, as online shopping orders pushed Alibaba’s peak data traffic to almost 300 Gbits per second, sustained for a period of seven hours.
For the 24-hour duration of China Singles’ Day, ZTE’s OTN systems deployed by Alibaba delivered excellent network performance and fault-free reliability, with no malfunction warning reported.