China’s biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high. Alibaba reported revenues of 155.1 billion yuan ($23.4 billion) for the three months ended September. Its profit was down 60% to 28.8 billion yuan ($4.4 billion) compared […]
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Ahead of the election, Facebook, Twitter and YouTube promised to clamp down on election misinformation, including unsubstantiated charges of fraud and premature declarations of victory by candidates. And they mostly did just that — though not without a few hiccups. But overall their measures still didn’t really address the problems exposed by the 2020 U.S. […]
As the world slips into the second wave of the Covid-19 pandemic, industries are scrambling to find alternative ways to keep businesses afloat as consumer behavior shifts and adapts to a changing norm. As the Covid-19 era hastens the advancement of many technologies, enterprises are looking at tech to help improve business. One of the […]
As we continue the battle against the pandemic, new technologies are being introduced, existing ones are being developed whilst others have become obsolete. In the case of innovation, artificial intelligence has impacted and changed many industries. In medicine, development efforts in AI precision technology has led to the wide adoption of robotic surgery in many […]
The race for 5G rollout is on. As humanity edges closer to the fifth generation of mobile networks, the world’s key players that will spearhead this telecoms revolution begins as companies’ team up, while others are shunned and isolated. On the European front, Swedish Ericsson and Finnish Nokia seem to be leading the line. BT […]
Almost a week from now, millions of online shoppers will flock to spend on the world’s biggest online shopping festival: Singles’ Day. According to a report by US-based consulting firm Bain & Company, online shoppers in China spent a whopping 410 billion yuan (US$60.4 billion) in 24 hours last year – double what Amazon generates […]
HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when […]
South Korean telecom giant, SK Telecom, has announced the rollout of its first e-wallet aimed at digitally storing and managing government-issued documents, gaining approval from the country’s Ministry of Public Administration. According to SKT, the wallet will be powered by blockchain technology, and will be compatible with Government24’s digital initiative program, which promotes and encourages […]
This year has been a roller coaster ride for the United States, from the emergence and swift spread of the Covid-19 pandemic to dreadful natural disasters, and the ongoing trade war the U.S. has been waging against China. The main headline that has dominated the news and even shaped the narrative of the U.S. presidential […]
Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S. sanctions and the coronavirus pandemic. Huawei Technologies Ltd. gave no sales figure for the most recent quarter ending in […]