Beijing should impose digital tax on big data companies: government-backed Beijing News

In the latest sign of heightened government scrutiny over big technology companies, Beijing in a report News stated, China should consider imposing a digital tax on technology companies that hold vast amounts of user data. “Some third-party platform-like enterprises hold a large amount of users data, just like holding precious mineral mines,” said the state-backed…

Alibaba aiming to make Belgium e-commerce trade hub

The strategic move will see the Chinese giant increase its footprint in the lucrative EU market. On Wednesday, Alibaba Group Holding Ltd stated it has signed an agreement with the Belgium government to launch an e-commerce trade hub. The move will include investments in logistics infrastructure. The strategic move is part of Alibaba’s Electronic World…

Apple allows Alipay in its app eco-system as it strengthens its foothold in China

Apple’s strategy is aimed at strengthening bonds with local Chinese suppliers and government bodies. Despite facing strong headwinds from China’s business practices, Apple is pushing to make headway with its CEO visiting the country frequently in recent times. With Apple Inc pushing to make headway in China, the world’s second largest economy, it boosted its…

Alibaba Group Holding expands its Southeast Asian footprint by partnering with Singapore-based Lazada Group

With the emerging e-commerce boom tapping only a fraction of retail brick and mortar sales, the vast potential for e-commerce has made Southeast Asia a battle ground for the world’s top online sellers, who are rapidly expanding their footprint in order to corner more marketshare. In a movie that marks the expansion of partnership between…

Yuri Milner, founder of DST Global, sees global consumer doubling by 2025

In the process, Milner expects the boom to create internet companies worth at least $4 trillion.   On Friday, billionaire investor Yuri Milner, founder of venture capital giant DST Global disclosed that the surge in global online consumer spending is likely to create new internet companies worth almost $4 trillion. Milner, who made the comments…