Alibaba, which filed for its US IPO on Tuesday, is frequently called the Amazon or eBay of China. But while there may be similarities in their business model, the online shopping experience for customers can be quite different indeed.
Here, a look at some of the things one finds on Alibaba’s various shopping platforms, how they differ from each other, and some of the ways in which they are vastly different from their western counterparts. Read more
Alibaba on Tuesday submitted the first filing for its upcoming initial public offering in New York. Unusually for a private company, prospective investors already knew some of its key financial details, since Yahoo, its major shareholder, reports them as part of its quarterly results.
So what did we learn from the new filings? Read more
Alibaba’s shareholder list contains some well-known names from around the globe — from China and Japan to Singapore, Silicon Valley and Russia. Here is a breakdown and guide to the biggest names to profit from the listing. Read more
Steve Ballmer may not be Microsoft’s chief executive any more, but as of today he is looming larger than ever at the company he worked at for over three decades. Read more
Concerns about children’s privacy and security have prompted the closure of one education technology start-up backed by $100m from supporters including Bill Gates’ foundation. Read more
Square, the payments processing start-up, is looking for new users for its credit card device among the US’s growing Latino community.
The company, co-founded by Twitter’s Jack Dorsey, is today unveiling Spanish language support and software in hopes of tapping into the purchasing power of America’s more than 50m Latinos. Read more
Payments start-up Stripe is betting that retailers will leap at the chance to sell to an international audience, if only a company like Stripe were there to make it easier.
The company, run by Irish brothers John and Patrick Collison, is launching a feature allowing sellers who use its platform to price their goods in more than 130 currencies. Stripe takes a fee for the conversion, but handles the paperwork and bank transfers that can make cross-currency a hassle. Read more
The world’s most popular smartphone range is finally available to subscribers of the world’s biggest mobile carrier. Yes, the iPhone today went on sale to China Mobile subscribers.
But it does not come cheap. It is not quite Brazil prices (R2,799, or US$1,184 for the 16GB iPhone 5s from the Apple store) but iPhone in China is more expensive than it is in the US, at Rmb 5,288 ($872) versus $649 for the iPhone 5S 16GB. Read more
China’s mountainous Guangxi Zhuang Autonomous Region has little of the wealth and fast development of the places in China foreigners have already heard of, but on one key measure of economic development, Guangxi is winning — the growth rate of spending online.
Online shopping throughout China is expanding fast – far faster than the US and Europe – but it’s growing particularly fast in China’s poorer regions like Guangxi, where malls are sparser and the number of people getting online for the first time is greater. Read more
Google will double its investment in a new data centre it is building in Taiwan as internet use in Asia rockets beyond what the US internet group predicted a few years ago when it first planned the site, one of its first two data centres in Asia.
The search company already invested $300m in the massive centre on a flat plain outside a city in central Taiwan, and says it will double that in the next stages of the data centre’s development. Read more