Alibaba shares jump 8% on HK debut

Credit to Author: Agence France-Presse| Date: Tue, 26 Nov 2019 12:30:27 +0000

HONG KONG: Chinese online retail giant Alibaba surged on Tuesday as it drew back the curtain on a Hong Kong listing the firm described as a vote of confidence in the embattled city. The long-delayed trading day got off to a glitzy start with Chief Executive Officer Daniel Zhang joined on stage at a stock […]

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Xpeng P7 Completes Durability Test Good For “10 Round-The-World Trips”

Credit to Author: Nicolas Zart| Date: Sat, 05 Oct 2019 03:09:15 +0000

Xpeng P7While the Xpeng G3 electric vehicle (EV) continues its stellar sales climb, the stunning P7 EV has finished a round of tests equal to traveling 10 times around the globe. The company also secured a charging network and ecosystem partnership with TELD, China’s largest charging infrastructure. Additionally, the P7 is the first Smart Car with its own Alibaba In-Car Mini app, and pioneers an IFAA-standard Virtual Car Key. Not bad for a three-year young startup working on a Chinese schedule

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Who Will Benefit In The Robotaxi Revolution?

Credit to Author: Matt Pressman| Date: Tue, 01 Oct 2019 01:00:49 +0000

As self-driving cars move closer and closer to reality, one particular market stands to benefit — autonomous taxis (aka robotaxis). Tasha Keeny from Ark Invest recently evaluated the players who’d likely benefit from this massive market opportunity. Keeney writes, “Autonomous vehicles will transform personal mobility … reap[ing] the benefits of a new market which promises to ramp from essentially $0 now to $10 trillion in global gross annual revenues by 2030.”

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Alibaba founder Jack Ma to step down in 2019, pledges ‘smooth transition’

SHANGHAI: Alibaba co-founder Jack Ma announced on Monday he would step down as leader of the pioneering Chinese e-commerce giant in one year, but insisted that a planned leadership transition would not break the company’s stride. Ma will stay on as executive chairman until September 10, 2019 before handing over his role to chief executive […]

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Alibaba co-founder Jack Ma announces plans to retire at 54

BEIJING: Alibaba’s charismatic co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told The New York Times in an interview. Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar internet colossus, becoming […]

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