Jack Ma, Alibaba’s founder, admitted on Sunday that he had never once used Taobao, the ebay-like flagship website for the ecommerce company he will be taking public later this year, writes Charles Clover and Ma Fangjing.
The odd sounding admission came in the middle of a rambling commencement speech to graduates of Tsinghua University on Sunday, in which he highlighted his humble origins and lack of professional experience. He needs to keep his emotional distance from his products, he said, so that he can make decisions about them objectively. And that apparently means not knowing how they work. Read more
GoPro’s stock leapt more than 30 per cent on its first morning of trading on Thursday, valuing the action camera maker at around $4bn.
Nick Woodman, GoPro’s billionaire founder and chief executive, who still owns almost half of the company, spoke with the FT shortly after ringing the Nasdaq opening bell. Here is an edited transcript of our conversation about how he got here and how he plans to build a media business around millions of people taking photos and videos of themselves. Read more
Is Oculus, the virtual reality company being acquired by Facebook, going to make its own headsets? Or is it going to rely on some of the world’s biggest consumer technology companies to develop products using its software, turning it into the Android of VR?
Yes to both. Read more
A new tie-up between a payment company affiliated with Chinese e-commerce group Alibaba and a US-based payments processor could soon make it far easier for Chinese shoppers to buy online from overseas retailers.
Stripe, a San Francisco start-up that handles payments for online retailers, has started to let online retailers accept purchases made through Alipay, an Alibaba-affiliated payment method that is by far China’s most popular way of paying for goods bought online. Read more
The FT gathered experts on cloud security on Twitter on Tuesday to discuss how to protect confidential corporate data as companies move it into the cheaper, and often more convenient, cloud.
We started by asking to what extent companies are moving away from US-based cloud providers in the wake of the revelations of an mass surveillance programme by the NSA? The experts were divided: Read more
Will the smart home of the future be controlled by a single app to rule them all? Or will it be a more ad hoc affair, as a myriad different gadgets learn to play nicely together without a central “control panel”?
Before it was bought by Google earlier this year, Nest was pursuing the second of these visions. And to judge by the API it has just released so that other developers can write applications that draw on some of the functions of its devices, nothing much has changed since then. Read more
It’s not every day an Apple executive gets personal.
That makes Angela Ahrendts’ first public comments since starting at the company – posted on LinkedIn – of more than usual interest. It is a sign that she intends to keep her own style, whatever the pressures of running Apple’s retail operations – and also that, under Tim Cook, Apple is evolving further beyond the Steve Jobs era. Read more
Twitter has acquired video start-up Snappy TV as part of its bid to dominate the second screen, taking money from advertisers who want to reach people watching TV while they are fiddling with their smartphones.
The messaging platform bought Snappy TV for an undisclosed sum, bringing the company’s video tools in house at Twitter for brands and media partners to use to clip and edit video just after it is recorded to distribute online.
Twitter promotes two main ways to use video. Firstly, encouraging marketers to buy adverts that echo their TV ads to ensure the message sticks as it tries to dominate digital advertising around live events such as the World Cup and the Oscars. Secondly, it is working with TV networks through its Amplify partnerships with TV networks to show live clips to persuade people to tune in. Read more
What can a company that proposes using drones to deliver goods instantaneously do to impress?
Amazon tried hard with its Fire phone, the first smartphone ever from the e-commerce giant. It sort of succeeds, but the best thing about the phone is the vision of what it could become after a few rounds of refinements and tweaks. Read more