SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading
At a hearing in Washington, D.C.on Wednesday, former Yahoo Chief Executive Marissa Mayer apologized for a pair of massive data breaches at the internet company, blaming Russian agents. Continue reading
China Central Television (CCTV) – China’s e-commerce giant Alibaba Group has been developing cross-border e-commerce platforms in countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, promoting the idea of building a “cyber Silk Road”.
Yahoo says one billion accounts exposed in newly discovered security breach.
Alibaba’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Graham Mackay reports.
Yahoo has been secretly scanning millions of its customers’ emails for U.S. intelligence, according to a Reuters investigation.
Yahoo is expected to confirm that a data breach has exposed several hundred million user accounts, according to Recode. Fred Katayama reports.
China Central Television (CCTV) – Alibaba Group Holding Executive Chairman Jack Ma and Facebook co-founder, CEO Mark Zuckerberg were talking innovation at the China Development Forum held in Beijing on Saturday.
Innovation is an effective way to solve problems with technology, according to Ma. “You do it not because this thing is going to make money. You do it just because no matter what. ‘I’m gonna sell my house. I’m going to give up everything to do this.’ If you have this determination, just go do it,” said Ma.
Zuckerberg said innovation is helpful in solving problems in the coming 10 years or more, emphasizing that Facebook is embracing the tech trend by using the Virtual Reality(VR devices) as an example.
“2016 is going to be a year that really good consumer VR starts to ship. So we started to ship this product with Samsung last year. And this year, we are about to ship the headset we called ‘Oculus’ which can plunge with the computer to give you the best experience,” Zuckerberg said.
The two successful business leaders also offered their advice for young people who want to start their own career.
“You do it not because this thing is going to make money. You do it just because no matter what. ‘I’m gonna sell my house. I’m going to give up everything to do this.’ If you have this determination, just go do it,” said Ma.
“You should focus on solve the problem rather than starting a company. There it’s weird cultural thing in Silicon Valley where it’s really cool to have a company. A lot of people have a goal: I want to start a company. They know they want start a company before they even know what problem they want to solve. I think that it’s crazy,” said Zuckerberg.
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Yahoo! will present a strategic vision and gauge shareholders’ reactions after releasing quarterly earnings on February 2nd. Fred Katayama reports.
U.S. stocks down sharply in midday trade with investors unnerved by China volatility and the continuing slide in oil prices.