Alibaba's cloud revenue has climbed 93 percent in its first quarter ended June 30, to hit US$710 million, fuelled by adoption of its higher value-added service as well as growth in paying customers. However, the business unit saw a US$74 million loss in adjusted EBITA margins, as the Chinese internet giant continued to make investments in its cloud footprint. Alibaba takes more cloud products global, eyes APAC growth Chinese internet giant talks up new product releases such as Anti-Bot Service and its datacentre footprint in Asia-Pacific as key differentiators against cloud rivals, Amazon Web Services and Google. Its machine learning specialist also urges need for governments looking to build smart cities, such as Singapore, to ensure its citizens benefit from such initiatives. Read More Alibaba Cloud currently operates eight datacentre regions in China as well as 10 international datacentre regions, of which eight are located in Asia-Pacific including Singapore, Australia, … [Read more...] about Alibaba cloud revenue climbs 93 percent to $710M
China communications construction group
China is building one of the world’s tallest skyscrapers — take a look
caption A rendering of the Shimao Shenzhen-Hong Kong International Centre in Shenzhen, China. source Shimao Group In China, construction has begun on Shimao Shenzhen-Hong Kong International Centre, which could become the world’s second largest skyscraper. At 2,191 feet tall, it will surpass the Shanghai Tower. The project builds on Shenzhen’s urban development boom. Chinese cities have some of the world’s tallest skyscrapers, including the 1,965-foot-tall Ping An Finance Centre in Shenzhen, the 1,739-foot-tall CTF Finance Centre in Guangzhou, and the 1,732-foot-tall China Zun tower in Beijing. More recently. construction began on the mega-tall Shimao Shenzhen-Hong Kong International Centre in Shenzhen. At 2,191 feet tall, it could become the second tallest skyscraper in the world when it opens in 2024. (The even taller Dubai One Tower is also currently under construction.) As … [Read more...] about China is building one of the world’s tallest skyscrapers — take a look
China’s reach, Europe’s money meet in remote Balkan outpost
James M. Gomez and Jasmina Kuzmanovic, Bloomberg Published 4:00 am, Saturday, June 2, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Bloomberg Photo By Robert Rajtic. Image 1of/3 CaptionClose Image 1 of 3 A 2006 file photo of the walled city of Dubrovnik, Croatia, from a hillside. A 2006 file photo of the walled city of Dubrovnik, Croatia, from a hillside. Photo: Bloomberg Photo By Robert Rajtic. Image 2 of 3 Dubrovnik Mayor Mato Frankovic. Dubrovnik Mayor Mato Frankovic. Photo: Bloomberg Photo By James Gomez. Image 3 of 3 China's reach, Europe's money … [Read more...] about China’s reach, Europe’s money meet in remote Balkan outpost
China lists $50B of US goods it might hit with 25 pct tariff
BEIJING (AP) — China on Wednesday issued a $50 billion list of U.S. goods including soybeans and small aircraft for possible tariff hikes in an escalating technology dispute with Washington that companies worry could set back the global economic recovery.The country’s tax agency gave no date for the 25 percent increase to take effect and said that will depend on what President Donald Trump does about U.S. plans to raise duties on a similar amount of Chinese goods. Beijing’s list of 106 products included the biggest U.S. exports to China, reflecting its intense sensitivity to the dispute over American complaints that it pressures foreign companies to hand over technology. The clash reflects the tension between Trump’s promises to narrow a U.S. trade deficit with China that stood at $375.2 billion last year and the ruling Communist Party’s development ambitions. Regulators use access to China’s vast market as leverage to press foreign automakers and … [Read more...] about China lists $50B of US goods it might hit with 25 pct tariff
A revered rocket scientist set in motion China’s mass surveillance of its citizens
By Mara HvistendahlMar. 14, 2018 , 9:00 AM SHANGHAI, CHINA—It's rare that a scientist becomes a folk hero. But in China, Qian Xuesen draws crowds almost a decade after his death. On a Saturday morning in a three-story museum here, tourists admire Qian's faded green sofa set, the worn leather briefcase he carried for 4 decades, and a picture of him shaking hands with opera star Luciano Pavarotti. They file past a relic from a turning point in Qian's life—and in China's rise as a superpower: a framed ticket from his 1955 voyage from San Francisco, California, to Hong Kong in China aboard the SS President Cleveland. Once a professor at NASA's Jet Propulsion Laboratory (JPL) in Pasadena, California, he had been accused of having communist sympathies in the heat of the Red Scare and placed under virtual house arrest. Upon his release, he and his family set sail for his motherland. After arriving in China, Qian went on to spearhead the rapid ascent of the country's nuclear … [Read more...] about A revered rocket scientist set in motion China’s mass surveillance of its citizens