company:alibaba group

  • China working on data privacy law but enforcement is a stumbling block | South China Morning Post

    En Chine des scientifiques s’inquiètent de la collection de données sans limites et des abus possibles par le gouvernment et des acteurs privés. Au niveau politique on essaye d’introduire des lois protégeant les données et la vie privée. D’après l’article les véritables problèmes se poseront lors de l’implémentation d’une nouvelle législation en la matière.

    Echo Xie 5 May, 2019 - Biometric data in particular needs to be protected from abuse from the state and businesses, analysts say
    Country is expected to have 626 million surveillance cameras fitted with facial recognition software by 2020

    In what is seen as a major step to protect citizens’ personal information, especially their biometric data, from abuse, China’s legislators are drafting a new law to safeguard data privacy, according to industry observers – but enforcement remains a major concern.

    “China’s private data protection law will be released and implemented soon, because of the fast development of technology, and the huge demand in society,” Zeng Liaoyuan, associate professor at the University of Electronic Science and Technology of China, said in an interview .

    Technology is rapidly changing life in China but relevant regulations had yet to catch up, Zeng said.

    Artificial intelligence and its many applications constitute a major component of China’s national plan. In 2017, the “Next Generation Artificial Intelligence Development Plan” called for the country to become the world leader in AI innovation by 2030.

    Biometrics authentication is used in computer science as an identification or access control. It includes fingerprinting, face recognition, DNA, iris recognition, palm prints and other methods.

    In particular, the use of biometric data has grown exponentially in key areas: scanning users’ fingerprints or face to pay bills, to apply for social security qualification and even to repay loans. But the lack of an overarching law lets companies gain access to vast quantities of an individual’s personal data, a practice that has raised privacy concerns.

    During the “two sessions” last month, National People’s Congress spokesman Zhang Yesui said the authorities had hastened the drafting of a law to protect personal data, but did not say when it would be completed or enacted.

    One important focus, analysts say, is ensuring that the state does not abuse its power when collecting and using private data, considering the mass surveillance systems installed in China.

    “This is a big problem in China,” said Liu Deliang, a law professor at Beijing Normal University. “Because it’s about regulating the government’s abuse of power, so it’s not only a law issue but a constitutional issue.”

    The Chinese government is a major collector and user of privacy data. According to IHS Markit, a London-based market research firm, China had 176 million surveillance cameras in operation in 2016 and the number was set to reach 626 million by 2020.

    In any proposed law, the misuse of data should be clearly defined and even the government should bear legal responsibility for its misuse, Liu said.

    “We can have legislation to prevent the government from misusing private data but the hard thing is how to enforce it.”

    Especially crucial, legal experts say, is privacy protection for biometric data.

    “Compared with other private data, biometrics has its uniqueness. It could post long-term risk and seriousness of consequence,” said Wu Shenkuo, an associate law professor at Beijing Normal University.

    “Therefore, we need to pay more attention to the scope and limitations of collecting and using biometrics.”

    Yi Tong, a lawmaker from Beijing, filed a proposal concerning biometrics legislation at the National People’s Congress session last month.

    “Once private biometric data is leaked, it’s a lifetime leak and it will put the users’ private data security into greater uncertainty, which might lead to a series of risks,” the proposal said.

    Yi suggested clarifying the boundary between state power and private rights, and strengthening the management of companies.

    In terms of governance, Wu said China should specify the qualifications entities must have before they can collect, use and process private biometric data. He also said the law should identify which regulatory agencies would certify companies’ information.

    There was a need to restrict government behaviour when collecting private data, he said, and suggested some form of compensation for those whose data was misused.

    “Private data collection at the government level might involve the need for the public interest,” he said. “In this case, in addition to ensuring the legal procedure, the damage to personal interests should be compensated.”

    Still, data leaks, or overcollecting, is common in China.

    A survey released by the China Consumers Association in August showed that more than 85 per cent of respondents had suffered some sort of data leak, such as their cellphone numbers being sold to spammers or their bank accounts being stolen.

    Another report by the association in November found that of the 100 apps it investigated, 91 had problems with overcollecting private data.

    One of them, MeituPic, an image editing software program, was criticised for collecting too much biometric data.

    The report also cited Ant Financial Services, the operator of the Alipay online payments service, for the way it collects private data, which it said was incompatible with the national standard. Ant Financial is an affiliate of Alibaba Group, which owns the South China Morning Post.

    In January last year, Ant Financial had to apologise publicly for automatically signing up users for a social credit programme without obtaining their consent.

    “When a company asks for a user’s private data, it’s unscrupulous, because we don’t have a law to limit their behaviour,” Zeng said.

    “Also it’s about business competition. Every company wants to hold its customers, and one way is to collect their information as much as possible.”

    Tencent and Alibaba, China’s two largest internet companies, did not respond to requests for comment about the pending legislation.

    #Chine #droit #vie_privée #surveillance #politique

  • Better to Give and to Receive: Alibaba’s #open-source Contributions to Flink

    Between its #sql and Runtime layers, Alibaba has helped optimize Apache Flink for large-scale production environments like its ownThis article is part of Alibaba’s Flink series.As an open-source framework for big data #computing, Apache Flink has undergone extensive optimization to meet a range of users’ demands for enhancement. For Alibaba Group, where the framework is deployed in a large-scale production environment, the need for these changes has motivated its real-time computing team to contribute many of Flink’s most valuable optimizations, benefiting the Flink community and Alibaba alike.In this article, we look at Alibaba’s contributions in two key aspects of the framework’s architecture, tracing developments including Flink’s Query Processor, BinaryRow, and AsyncOperator (...)

    #apache-flink #big-data

  • WeChat Pay and Alipay are now targeting the 3 million Chinese travelers visiting the U.S. every year

    As their domestic market is reaching maturity, the two Chinese mobile payment services are looking toward new horizons. But the ongoing trade war could dampen their hopes. In February, Alipay, a Chinese mobile payment app that belongs to the Alibaba Group, forged an alliance with Walgreens, a U.S. pharmacy store chain. Alipay is now handling transactions in 3,000 Walgreens stores in the U.S., and is eyeing to reach 7,000 locations by April. It isn’t the first push made by Alibaba to expand (...)

    #7-Eleven #Alibaba #Apple #Google #Stripe #Walgreens #Tencent #Samsung #JPMorgan_Chase #Paypal #smartphone #marketing #profiling #Alipay #payement_par_téléphone #voyageurs #WeChatPay #Citcon (...)


  • Justin Sun’s Tron: The past, present and future price analysis

    Source: Google imagesUnderstanding TRONJustin sun’s TRON is a decentralized #blockchain platform that supports high throughput smart contracts that target the Internet, Media and Entertainment markets across the globe. Tron serves as an excellent social media platform, allowing users to freely exchange thoughts, ideas, media without the interference of any middlemen.The Expertise of the team:Source: Inwara’s #ico databaseThis project is led by the CEO, Justin Sun, who previously worked at Ripple as Chief Representative, Advisor and founded Peiwo in 2013, one of the largest live streaming apps in China. His educational background includes the University of Pennsylvania, Peking University, and Hupan University which was created by Jack Ma, Chairman of the Alibaba Group.As per the company (...)

    #ico-review #tron-ico #justin-sun

  • The World’s Biggest Container Shipping Line Is Now Worried About #Amazon and #Alibaba - Bloomberg

    The world’s biggest container shipping line is trying to stop customers like Inc. and Alibaba Group Holding Ltd. from becoming competitors in just a few years’ time.

    Amazon is a threat if we don’t do a good job for them,” Soren Skou, the Chief Executive Officer of A.P. Moller Maersk A/S, said in a phone interview. “If we don’t do our job well, then there’s no doubt that big, strong companies like Amazon will look into whether they can do better themselves.

  • Le premier distributeur chinois crée un bureau en France

    L’« Amazon chinois », classé 28 e au classement mondial des distributeurs établi par Deloitte, nomme un directeur France pour intensifier les échanges entre les marques françaises et le gigantesque marché de consommation en Chine. Le jour de l’annonce ne doit sans doute rien au hasard. Le jour même où Emmanuel Macron reçoit ce lundi une centaine de patrons étrangers au château de Versailles, dont Michael Evans, président d’Alibaba Group, son concurrent annonce l’ouverture d’un bureau en France. (...) #concurrence #marketing

  • Alibaba’s next moon shot is to make cities adapt to their human inhabitants, technology seer says | South China Morning Post

    Wang Jian was once called crazy by Jack Ma Yun, the founder and executive chairman of Alibaba Group Holding, for suggesting that the company could have its own mobile operating system.

    That vision, however, proved prescient as smartphones powered by the company’s YunOS mobile operating platform, which was developed by its Alibaba Cloud subsidiary, surpassed 100 million units last year.

    In addition, many of the Hangzhou-based e-commerce company’s recent innovations are rooted in Alibaba Cloud, known as Aliyun in China, as domestic demand for data centre facilities and on-demand computing services delivered over the internet have grown rapidly.

    “It’s not about whether I’m crazy or not, it’s about this era,” Wang, the chairman of Alibaba’s technology steering committee, said in an interview in Hong Kong, where he met with some journalists to talk about his new book Being Online. “[This] is a crazy era, so many new things are happening.”

    Wang, 55, said the city of tomorrow should be able to adapt to its surroundings and inhabitants, almost like a living organism, so that municipal services like public transport, health care and education can be delivered in the right measure and time to minimise waste and optimise usage.

    Alibaba says it is on track to overtake Amazon as world’s top cloud computing services firm

    To that end, a city’s development would be better determined in future by the amount of computing resources it consumes, said Wang. At present, electricity consumption is widely regarded as the measure of development for cities, he added.

    Similarly, the day-to-day behaviour of a city’s residents now has little impact on how a city is organised as well as the way its services are planned and developed, said Wang. That would change with advanced computing technologies that are able to track human behaviour.

    “Do you want to take the bus, or is it because it’s been put there so you’re taking it?” asked Wang, using fixed bus routes as an example of how a city’s services are rigid and do not adapt quickly to changing patterns in the behaviour of its residents.

    Citing the example of a project in northern China, where railway workers were able to tell staff canteens along the line of which meals they plan to have, operators of these dining halls were able to prepare the right amount of food, leading to less waste. [Alibaba Group Holding’s annual Singles’ Day shopping festival on November 11 is a testament to the way cloud computing has changed the retail industry in China. Photo: Edward Wong]

    In its home market in the eastern coastal Chinese city of Hangzhou, Alibaba has created a so-called City Brain that uses artificial intelligence – specifically, deep learning technology that teaches computers to learn and perform tasks based on classifying data – to send out instant traffic alerts and route suggestions to motorists.

    Alibaba said traffic speed has improved by up to 11 per cent in one of Hangzhou’s districts, and that several other cities in China were now implementing smart transport programmes.

    Neil Wang, the Greater China president of consultancy firm Frost & Sullivan, said integrating technology into a city’s operations enabled traffic to be monitored in real-time and fed back to users, allowing drivers to check traffic conditions and adjust their route during the journey, or even find a vacant parking space via a mobile app.

    “Creating a sustainable and self-conscious city with the help of big data technology is the main idea behind this approach,” said Wang. “Smart cities can use the latest digital technologies to improve their resource allocation, as well as the quality of life for their residents. In particular, transport, health care, and education are some of the key areas that will benefit.”

    The global smart cities market, which comprises of interrelated domains that impact urban living, is forecast to reach US$1.2 trillion by 2019, according to research company Technavio in a report published in February. These domains include industry automation, smart grid, security, education, home and building, health care, transport, and water and waste.
    Smart cities can use the latest digital technologies to improve their resource allocation, as well as the quality of life for their residents.

    New York-listed Alibaba, which owns the South China Morning Post, is not alone in trying to make cities more adaptable to human behaviour. Many other companies, including Google owner Alphabet, are involved in various projects around the world that integrate information technology with city planning.

    In October, Alibaba said it will double research and development spending to US$15 billion over the next three years to develop futuristic technologies that could transform whole industries, or so-called moon shot projects. To do that, the company will set up research labs around the world and hire scientists.

    For Wang, Alibaba’s annual Singles’ Day shopping festival on November 11 is a testament to the way cloud computing has changed the way people shop in China. This year’s edition of the 24-hour shopping promotion chalked up a record of more than US$25 billion in sales.

    The event is made possible by the coming together of mobile payments, e-commerce and back-end logistics underpinned by cloud computing.

    Smart cities: Digital world unlocks door to the future

    “If you think about it, being able to shop at night while tucked into bed, and having that parcel land on your doorstep the next day is in itself crazy,” Wang said.

    There will be more inventions that today may look wacky but could be the norm of tomorrow, Wang said. Citing the example of Thomas Edison’s light bulb, which made it possible to demonstrate the usage of electricity, he said future applications on the internet may exceed the limits of human imagination today.

    “We’re just at the beginning of the beginning of the beginning.”

    Additional reporting by Zen Soo
    This article appeared in the South China Morning Post print edition as: Smart cities next idea in tech chief’s crazy era

    #Chine #e-commerce #smart-cities #surveillance #disruption

  • Israël devient une pièce maîtresse de la stratégie chinoise au Moyen-Orient –
    Par Salman Rafi Sheikh – le 7 novembre 2016 – Source New Eastern Outlook | Traduit par Wayan, relu par Cat pour le Saker Francophone.

    (...) Les faits parlent d’eux-mêmes : l’investissement total de la Chine dans le domaine des hautes technologies israéliennes, impliquant des entreprises chinoises, devrait atteindre environ 500 millions de dollars d’ici la fin de 2016, contre 467 millions de dollars en 2014 et 118 millions de dollars en 2012. Et comme le Times of Israël le montrait récemment, les acquisitions chinoises en Israël ont considérablement augmenté ces dernières années. En mars 2015, la société chinoise Bright Food a acquis Tnuva, l’une des plus importantes sociétés laitières d’Israël pour environ 2,1 milliards de dollars. De même, en juillet 2016, un consortium chinois qui comprenait la société de capital-investissement Yunfeng Capital – fondé par Jack Ma, fondateur d’Alibaba Group – a acquis la société israélienne Playtika, de l’unité de jeux en ligne Caesars Interactive Entertainment pour 4,4 milliards de dollars en espèces. En août 2016, ChemChina a achevé sa reprise d’Adama – considérée comme l’une des plus importantes sociétés de protection des cultures au monde – pour environ 1,4 milliard de dollars.

    Ce niveau élevé d’implication est, ce n’est pas une coïncidence, parallèle à l’intensification et à la propagation géographique du conflit au Moyen-Orient, en particulier dans et autour de la région du canal de Suez. Alors que la Syrie et l’Irak sont des victimes directes du terrorisme, de nombreux pays importants comme l’Égypte (lire : L’Égyptien Sisi établit des liens avec la Syrie en raison des craintes d’être la prochaine cible des milices djihadistes [Lien manquant, NdT]) sont au bord de la rupture, ce qui pousse la Chine à chercher un itinéraire alternatif et à construire un autre système commercial pour mener ses affaires dans la région.

    Israël, en tant que tel, se trouve être le meilleur pays de la région. Non seulement il est politiquement et militairement stable, mais sa situation géographique en fait également un candidat apte à se qualifier pour un partenariat dans la « Route de la Soie » chinoise, son couloir sud, qui est la route reliant la Chine à l’Europe.(...)

  • Now #Yahoo Shareholders Want to Know What Happens With #Alibaba Stake - Fortune

    Most of Yahoo’s $36.4 billion market value is derived from its 15% stake in Chinese online commerce company Alibaba Group Holdings and its 35.5% stake in joint venture Yahoo Japan. These are not included in Yahoo’s deal with Verizon.

    Investors will be hoping for a quick sale of these stakes, but Yahoo has been looking for years without success for a way to make money from the investments without incurring a huge tax bill. Yahoo declined to comment on potential scenarios on Monday.

  • Uber’s China Rival Close to Raising $2 Billion in New Funding - Bloomberg

    Auch #Uber hat’s nicht leicht.

    Didi Kuaidi is close to raising about $2 billion in its latest round of funding, as China’s largest ride-hailing service battles Uber Technologies Inc. for dominance in the world’s biggest market, according to people familiar with the matter.
    Uber’s largest competitor plans to close the round in the next few weeks with a valuation of about $25 billion, said the people, who asked not to be named because the matter is private. That would make it the fourth-most valuable startup in the world after Uber, Xiaomi Corp. and Airbnb Inc., according to the research firm CB Insights.

    Didi and Uber are competing for preeminence in China as the ride-hailing market surges. Didi, backed by top Internet companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd., jumped out to lead the market. But Uber is spending heavily to catch up and has said China could eventually become its largest market. Both need capital to pay for recruiting drivers and subsidizing customer fares.

    “You have to be large players with significant scale, they’re the ones able to continue to raise capital at the expense of the smaller guys,” said Chi Tsang, an analyst at HSBC Securities Asia Ltd. “The smaller guys are dying.”

    #Taxi #China #disruption

  • Letter from Alibaba Group to Readers of the South China Morning Post | Business Wire

    Internet-Riese Alibaba kauft “South China Morning Post” in Hongkong | heise online

    Das Blatt hat in den vergangenen Jahren etwas von seiner Bereitschaft verloren, offen über China zu berichten, auch wenn es weiter Stellung bezieht und Themen berichtet, die nicht mit Pekings Linie übereinstimmen", sagte Bob Dietz vom Komitee zum Schutz von Journalisten (CPJ) in New York der dpa. Es werde nicht lange dauern, um zu sehen, in welche Richtung sich das Blatt jetzt entwickelt.

    Letter from Alibaba Group

    Dear Readers,

    By the time you read this, you will have heard the news that Alibaba Group is acquiring the South China Morning Post.
    Our Vision

    Our vision is to grow the readership globally. We believe we can do this because the SCMP, from its base in Hong Kong, is uniquely positioned to report on China with objectivity, depth and insight, a proposition that is in high demand by readers around the English-speaking world – from New York to London to its home in Hong Kong – who care to better understand the world’s second largest economy.

    To help achieve our vision, we plan to make the SCMP more readily available. In this spirit, with enough preparation time after we take over operations, the pay wall on will come down, and you will be able to access its content for free on the Internet and on your mobile device.
    Editorial Independence

    Some have suggested that ownership by Alibaba will compromise the SCMP’s editorial independence. This criticism reflects a bias of its own, as if to say newspaper owners must espouse certain views, while those that hold opposing views are “unfit.”

    In fact, that is exactly why we think the world needs a plurality of views when it comes to China coverage. China’s rise as an economic power and its importance to world stability is too important for there to be a singular thesis.

    In reporting the news, the SCMP will be objective, accurate and fair. This means having the courage to go against conventional wisdom, and taking care to verify stories, check sources and seek all viewpoints. These day-to-day editorial decisions will be driven by editors in the newsroom, not in the corporate boardroom.

    It’s humbling to assume the responsibility of ownership of such a storied newspaper. We thank the Kuok family who have been tremendous stewards of your trust; we hope Alibaba will have an opportunity to earn your trust.


    Joseph C. Tsai
    Executive Vice Chairman
    Alibaba Group Holding Limited

    December 11, 2015

  • Arabie Saoudite/Bourse : La 2ème plus importante introduction en bourse de 2014 a été faite par le royaume – WSJ

    The $6 billion initial public offering of Saudi Arabia’s National Commercial Bank (NCB) that ended earlier this week was oversubscribed as retail investors in the kingdom placed orders worth more than 23 times the shares offered, despite religious controversy that made some investors hesitant at the beginning. The IPO was the world’s second largest this year after Alibaba Group Holding Ltd.’s $25 billion IPO and the largest ever in the Middle East.

    How big was this IPO?
    About 1.25 million people ordered shares at a total value of 310.7 billion Saudi riyals ($82.8 billion) for the 300 million shares, or 15% of the bank’s stock, offered to retail investors. An additional 10% of the bank was allocated to the kingdom’s Public Pension Agency.

    Why was this IPO heavily oversubscribed?
    NCB is Saudi Arabia’s largest bank by assets. When the government announced earlier this year that it would sell some of its shares in the lender, investors were highly anticipating it as this was the country’s first IPO since 2008. The IPO was also attractively priced, at 45 Saudi riyals ($12) per share, as the oil-rich kingdom often uses such share sales in government-controlled companies to distribute wealth among its citizens.
    Did international investors participate?
    No, this share sale was limited to Saudi citizens as foreigners currently are only allowed to participate in the Saudi stock market indirectly through swaps. However, this will change because the government plans to open the country’s market, capitalized at $530 billion, to direct investment by international investors in the first half of 2015. It is expected to draw hundreds of millions of dollars in investment to the kingdom.
    What’s behind the religious controversy surrounding the IPO?
    NCB, like most banks around the world, takes interests on loans. This practice is forbidden in Islam. That’s why a number of Saudi senior clerics said it wasn’t permissible to take part in the IPO. A Sharia committee appointed by the bank later said it was fine to buy shares in the IPO because NCB plans to become a fully Islamic bank in the near future. Still, the controversy resulted in a slow start to the IPO, with 80% of the orders coming in the last day.

    Débat sur la licéité :

    Halal ? Réactions mitigées en Arabie Saoudite concernant l’introduction en bourse de 6 milliards de $ de la National Commercial Bank. Il s’agirait de la plus grande opération de ce type du monde arabe - WSJ

    Several senior clerics expressed their disapproval of the $6 billion IPO because the bank takes interests on loans, a practice that is considered haram or forbidden in Islamic economic jurisprudence, while others saw the IPO as a test for the public’s trust in the government as it sells some of its shares.

    Sur @OrientXXI Le Coran, le capitalisme et les musulmans - Rodinson,0568

  • L’ombre du géant chinois sur la déprime du bitcoin

    La baisse de près de 40% de la monnaie virtuelle depuis juillet a été accentuée par un « effet Alibaba ». Le groupe chinois a provisoirement détrôné la devise cryptographique comme « objet spéculatif non identifié », privilégié par les spéculateurs du monde entier.

    #Alibaba_Group #Bitcoin #Cameron_Winklevoss #Finance #Securities_and_Exchange_Commission #Spéculation #Tyler_Winklevoss #Wall_Street #Économie #États-Unis