Alibaba Group

Jack Ma's Ant Financial joins race for Singapore digital banking licence

(Jan 2): Billionaire Jack Ma’s Ant Financial has applied for a digital banking licence in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.

Ant submitted an application to the Monetary Authority of Singapore for a wholesale licence, which would allow it to serve corporate clients, the company said. “We look forward to contributing to the development of the digital banking landscape in Singapore,” it added in an emailed statement.

Alibaba says new AI chip beats industry average performance, computational efficiency

SINGAPORE (Sept 25): Alibaba has unveiled a new artificial intelligence (AI) inference chip called Hanguang 800.

Announced at the Alibaba Cloud’s Apsara computing conference, the new chip is a neural processing unit which specialises in accelerating machine learning tasks.

Alibaba says the Hanguang 800 chip has outperformed industry average with performance and computational efficiency outpacing graphic processing units commonly used for machine learning.

Synagie to provide management, marketing services for selected brand stores on Lazada

SINGAPORE (Aug 21): Synagie Corp, the e-commerce solutions provider, is set to provide brand store management services across Southeast Asia to online store giant Lazada.

On Tuesday, Synagie wholly-owned subsidiary BTFL and Lazada signed a memorandum of understanding (MOU) where Synagie will become a regional Lazada partner and provide services such as management, marketing and operations for selected brand stores. A brand store refers to the online avenues that companies operate on the Lazada platform.

China wins allies for web vision in ideological battle with US

(Apr 15): A swathe of the world is adopting China’s vision for a tightly controlled internet over the unfettered American approach, a stunning ideological coup for Beijing that would have been unthinkable less than a decade ago.

Alibaba launches talent programme in Singapore with support from NTU, EDB

SINGAPORE (Sept 3): Alibaba Group on Monday launched the Alibaba Talent Programme in Singapore with support from Nanyang Technological University (NTU Singapore) and the Economic Development Board (EDB) under the Industrial Postgraduate Programme (IPP).

This talent programme is part of Alibaba’s mission to nurture future research and development (R&) talent in Singapore, especially in the field of computer science. It aims to equip postgraduate students with critical R&D skill-sets through gaining practical work experience on projects with Alibaba.


Singapore Airlines forms strategic partnership with Alibaba for resource sharing & cross-marketing

SINGAPORE (Aug 21): Singapore Airlines (SIA) and China’s Alibaba Group have established a strategic partnership that extends across areas including flight ticket sales, loyalty programmes, marketing initiatives, cloud services, payments and logistics.

The collaboration aims to enhance the customer experience for travellers through the “transformative potential of technology”, as well as allows SIA and Alibaba to join forces in other areas, say both groups in a joint release on Tuesday.

GIC sees China as Silicon Valley's equal

(Mar 23): After hitting pay dirt with investments in Alibaba Group Holding and Xiaomi, Singapore sovereign wealth fund GIC is giving China as much attention as it does Silicon Valley in the search for the next big thing in tech.

Alibaba and NTU launch first joint research institute outside of China, plans a DAMO lab in Singapore

SINGAPORE (Feb 28): Alibaba Group is teaming up with Nanyang Technological University (NTU) to launch its first joint research institute outside of China.

Dubbed the Alibaba-NTU Singapore Joint Research Institute, the lab will bring together NTU’s strength in artificial intelligence (AI), and Alibaba’s capabilities in natural language processing, cloud computing and machine learning.

The partnership aims to find breakthroughs and real-world applications in areas such as home, retail, community and urban transportation to hospitals and nursing homes.

Amazon stymied by Singaporeans' love for shopping

(Oct 9): As Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.

Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries. Even when including orders placed on its main US website, Amazon lags behind local web store Lazada and its parent, Alibaba Group Holding.

Thailand to kick start $61 bil economic revamp before polls

BANGKOK (Sept 28): Thailand’s military government is looking to start construction of projects under a 1.5 trillion baht ($61.2 billion) investment plan before the country’s possible return to democracy late next year.

Enabling laws for the so-called Eastern Economic Corridor initiative should be in place by the end of 2017 to bolster investor confidence, and construction of some of the planned infrastructure could begin next year, Kanit Sangsubhan, the secretary-general of the office overseeing the plan, said in an interview.

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