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This week Jim welcomes Rah Mahtani, the Head of Commercial Strategy US for Alibaba.com, the Chinese multinational technology company founded in 1999 by Jack Ma and 18 colleagues. Alibaba Group operates as a holding company for a wide array of businesses, including online retail, wholesale through Alibaba.com, logistics (Cainiao), cloud computing (Alibaba Cloud), and financial services (Ant Group). Alibaba.com is the world's largest B2B (business-to-business) platform.Rah has been at Alibaba for about 2.5 years, and was promoted to head of commercial strategy about two months ago. Before Alibaba, Rah had a career deeply grounded in social media and digital communications, with time at Volvo, Jack in the Box, and BMW's Mini brand. A graduate of Syracuse University, where he studied Industrial Design, Rah is a self-described lover of dogs, kids and candy. Tune in for a conversation with a marketer in the middle of the changing global trade landscape!---This week's episode is brought to you byDeloitte and StrawberryFrog.Learn more: https://strawberryfrog.com/jimSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a softer open, down (0.6%). European equities opened mixed following a quiet Monday session for Asian markets. Asian currencies strengthened Monday as President Trump adopted a softer stance on China tariffs. The Korean won and Malaysian ringgit rose by +1.4%, while the Taiwan dollar surged +3.7%. The yuan briefly hit a six-month high, breaking through the 7.2 mark, and the Hong Kong dollar traded at the strong end of its band. The yen and rupee also advanced as the U.S. dollar index fell below 100.Companies Mentioned: SHEIN, Ant Group, Devon Energy

In this episode of The Negotiation podcast, host Todd Embley is joined by Rui Ma, a distinguished expert with nearly two decades of experience working in technology and finance in the U.S. and China. Rui provides deep insights into the current landscape of AI, focusing particularly on the competitive dynamics between the U.S. and China. She discusses how geopolitical tensions and export controls have impacted China's AI industry and highlights the resilience and adaptability of Chinese AI firms.Rui shares detailed perspectives on the state of open-source collaboration in China's AI ecosystem compared to the U.S., and explains the significance of emerging players such as DeepSeek. Additionally, she explores the latest AI advancements from major tech giants like Ant Group and Baidu, as well as the rise of innovative startups like Manus. The conversation also touches on practical AI applications within China, guided by Alibaba's strategy of reducing costs and maximizing use cases. Rui concludes with her thoughts on the future of AI in China, offering an insightful outlook on opportunities and challenges ahead.Listeners should stay tuned for Part 2, where Rui will discuss additional key trends shaping the broader tech landscape in China.Discussion Points:·       Comparing strengths and weaknesses in the U.S.-China AI race·       Impact of U.S. export controls on China's AI sector·       Open-source collaboration differences between China and the U.S.·       DeepSeek's rise and its impact on China's AI landscape·       Recent AI advancements from Ant Group and Baidu·       Emerging key players in China's AI industry, including Manus·       AI application trends in China driven by cost reduction and practical utility·       Rui Ma's outlook on China's AI future

Este lunes los mercados despiertan con buen ánimo gracias a señales de que la nueva ronda de aranceles de Trump podría ser más moderada. Además, hay avances en las conversaciones de paz entre Ucrania y Rusia, y Canadá se prepara para elecciones anticipadas. En Asia, los PMIs traen señales mixtas, mientras que en México todas las miradas están puestas en la decisión de Banxico de esta semana y en los datos de inflación. También como“Idea of the Day” te contamos sobre la historia detrás de Novo Nordisk, la farmacéutica detrás del boom de los tratamientos para la obesidad.

Singapore shares rose today as investors look to kickstart the week on a positive note. The Straits Times Index rose 0.22% to 3,934.91 points at about 2.40pm (2.42pm), with a value turnover of S$634.08M in the broader market. In terms of companies to watch, we have DFI Retail Group after the firm announced today the divestment of its Singapore food business to South-east Asian retail conglomerate Macrovalue (Malaysia). Elsewhere, from NIO's net loss deepening for the fourth quarter ended December, to Jack Ma-backed Ant Group reportedly using Chinese-made semiconductors to develop techniques to train AI models at a lower cost – more corporate and international headlines remain in focus. Also on deck – how Singapore’s inflation fell further in February. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.

This is Part 1 of 2 with Zi Yong Chua, Carro COO on his journey driving Gen AI transformation in the pan-Asia used car platform.Timestamps(01:19) How Zi Yong joined Carro after PayPal, Alipay, and his own ventures;(04:41) Zi Yong's first order of business as COO, refining Carro's internal data processes for better productivity;(08:20) How Zi Yong linked productivity gains to end business results; (12:59) Zi Yong's three principles on leveraging Gen AI;(19:18) Stay tuned for part 2 on how these principles impacted Carro's Gen AI journey and the ROI of their Gen AI transformationAbout who you are on call with Zi Yong is the Chief Operating Officer at Carro. He drives the "People, Process, Technology" transformation within Carro, ensuring that Asia Pacific's fastest growing automotive marketplace remains at operational excellence as it continues to grow rapidly. He is focused on digitising workflows, enabling automation and data-driven insights within the organisation.Zi Yong brings more than 15 years of experience from the Internet and e-payments industry, with roles in global giants like PayPal and Ant Group. In his 5 years in Ant Group, he led Product teams and projects with Paytm and Touch N Go Digital, helping them become ‘super app' in their respective markets. He was also the principal inventor of a patent for payment system decision making during his time in Ant. Back in 2009 while still in university, he founded his own venture-backed mobile payment company, and was one of the early drivers of the Android developer scene in Singapore.Connect with Zi YongFollow us on LinkedIn for more updates: https://www.linkedin.com/company/insignia-ventures/Check out Insignia Business Review for more insights: https://review.insignia.vc/Subscribe to our monthly newsletter for all the news and resources: https://insignia.vc/newsletterDirected by Paulo JoquiñoProduced by Paulo JoquiñoThe content of this podcast is for informational purposes only, should not be taken as legal, tax, or business advice or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any ⁠⁠⁠⁠⁠⁠Insignia Ventures⁠⁠⁠⁠⁠⁠ fund. Any and all opinions shared in this episode are solely personal thoughts and reflections of the guest and the host.

Resumen de las principales noticias tecnológicas de los últimos 7 días. Buenos días y feliz lunes. Hoy toca dar un repaso a las principales noticias tecnológicas de la última semana. 17/02 Baidu pierde 2.400 millones de dólares en valor de mercado por la caída de sus acciones. La ausencia del fundador de Baidu en una reunión clave con Xi Jinping genera especulaciones. El mercado reacciona con una fuerte caída en el valor de sus acciones. 17/02 BMW apuesta por una innovadora ECU para sus próximos vehículos eléctricos. El ‘Heart of Joy' es una unidad de control desarrollada internamente que redefinirá la conducción de la nueva generación de vehículos eléctricos de BMW. 18/02 Apple presentará mañana, 19 de febrero, un nuevo y esperado producto de la gama iPhone. Tim Cook adelanta la llegada de un ‘nuevo miembro de la familia' en un misterioso anuncio programado para la próxima semana. 18/02 Corea del Sur planea adquirir 10.000 GPU para su centro nacional de IA. El país asiático busca fortalecer su infraestructura tecnológica en inteligencia artificial con una inversión masiva en hardware de alto rendimiento. 19/02 Podcast Diario en Movimiento T4 Ep.108 -App de la semana: Pocket. Guarda y organiza lecturas. Episodio 608 del podcast. App de la semana: Pocket. Una aplicación para organizar y guardas lecturas digitales. 19/02 Google acuerda pagar 340 millones de dólares para resolver disputa fiscal en Italia. La compañía tecnológica cerró un acuerdo con la fiscalía de Milán para zanjar reclamaciones fiscales entre 2015 y 2019. 19/02 Ant Group incursiona en la industria de robots humanoides en China. El gigante fintech vinculado a Alibaba se suma a la creciente competencia por el liderazgo en robótica humanoide. 20/02 El iPhone 16e representa un experimento clave en la estrategia de Apple. El nuevo modelo de entrada marca un cambio radical en la línea de iPhones, con mejoras significativas y un aumento de precio que podría redefinir el mercado. 21/02 HP adquiere Humane: reubicaciones, despidos y un giro en la industria de la IA. La adquisición parcial de Humane por parte de HP redefine el futuro de la empresa emergente de hardware de IA, con nuevas oportunidades para algunos empleados y despidos para otros. 21/02 Amazon cerrará Chime, su alternativa a Zoom, en 2026. El servicio de videoconferencias dejará de operar definitivamente en febrero de 2026, con una transición gradual para los usuarios actuales. 22/02 Microsoft se prepara para GPT-5 mientras el lanzamiento de GPT-4.5 es inminente. La compañía ajusta su infraestructura para alojar los nuevos modelos de OpenAI, que prometen avances significativos en inteligencia artificial. 22/02 Amazon toma el control creativo total de la franquicia de James Bond. El gigante tecnológico asume las riendas de la icónica serie de espías tras la salida de los productores Michael G. Wilson y Barbara Broccoli. 23/02 Apple elimina la Protección Avanzada de Datos en el Reino Unido por presiones gubernamentales. La compañía retira su cifrado más avanzado en iCloud tras exigencias del gobierno británico, generando preocupación entre defensores de la privacidad.

Join Michelle Martin on her tour of markets! Hosted by Michelle Martin with Ryan Huang, they dive into Singapore Airlines’ record revenues and Genting Singapore’s profit slump. Discover Alibaba’s impressive rebound and Ant Group’s massive profit surge. Hear how Walmart, Rivian, and Shake Shack are faring in the US markets. Plus, Michelle and Ryan unpack local market movers, including Seatrium’s return to profitability and Far East Hospitality Trust’s new hotel acquisition in Japan. Stay tuned for all the key market insights!See omnystudio.com/listener for privacy information.

Singapore stocks slipped into negative territory today after global equities ended mixed last Friday. In early trade, the Straits Times Index (STI) inched down by 0.1 per cent to 3,793.18 points after 19.5 million securities changed hands in the broader market. In terms of companies to watch, we have CapitaLand China Trust, after the manager appointed Gerry Chan as its CEO and an executive non-independent director with effect from Jan 1, 2025.  Elsewhere, from more on the situation in South Korea after President Yoon Suk Yeol averted impeachment over the weekend, to China's consumer inflation hitting a five-month low in November – more international headlines remain in focus.  Also on deck – how Jack Ma made a rare appearance at Ant Group's 20th anniversary.  On Market View, Money Matter's finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.

Join Michelle Martin on her tour of markets! In this special solo edition, Michelle explores the latest on corporate share buybacks, with insights into CapitaLand Investment, OCBC, UOB, City Developments, Yangzijiang Financial, and Samsung's $7 billion plan. Dive into M&A speculation with names like Duolingo, E.L.F. Beauty, Him & Hers Health, and potential deals involving Electronic Arts and Zoom. Discover key movements in stocks like Alibaba, Ant Group, Palantir, and Netflix. Plus, a wrap-up of the Straits Times Index and top gainers like Jardine Matheson Holdings and Sembcorp Industries. Stay informed on market trends and opportunities!See omnystudio.com/listener for privacy information.

Chinese consumers have exhibited robust purchasing power for high-quality and intelligent products containing innovative technologies during the Singles Day shopping extravaganza.在“双十一”购物狂欢节期间，中国消费者对包含创新技术的高品质和智能产品表现出强劲购买力。Experts said this has played a vital role in promoting the recovery of consumption and shoring up economic growth in the country.专家表示，这对促进国内消费复苏和支撑经济增长起到了重要作用。Major Chinese e-commerce platforms have extended the promotional period, and adopted a simple and more pragmatic approach by canceling presale campaigns this year.中国的主要电商平台都延长了促销期，并采取简单务实的做法，取消了今年的预售活动。Instead, direct price cuts have become the preferred strategy to attract price-conscious customers and bolster sales during China's biggest online shopping event. 直接降价反而成为吸引价格敏感型顾客的首选策略，在中国最大的网购活动期间助力促售。Experts also said that unlike in the past, when record-smashing gross merchandise volume, or GMV, through discount-led sales had come to characterize the 11-11 or Double Eleven promotional campaign, chasing high GMV is no longer the focus now.专家们还表示，以往通过折扣带动销售来创造破纪录的商品交易总额（GMV）是双十一促销活动的特点，而现在，追求高GMV已不再是重点。Chinese shoppers are becoming more rational and carefully reviewing their needs, with an emphasis on the quality and value of commodities, they added.专家补充，中国购物者变得更加理性，他们会仔细思考自己的需求，注重商品的质量和价值。Data from Tmall, Chinese tech heavyweight Alibaba Group's business-to-customer platform, showed that in the first four hours after the shopping carnival officially kicked off at 8 pm on Oct 21, 174 brands saw their sales surpass 100 million yuan ($14 million).中国科技巨头阿里巴巴集团旗下B2C平台天猫的数据显示，在“双十一”于10月21日晚8点正式拉开帷幕后的四个小时内，有174个品牌的销售额超过了1亿元人民币（约1400万美元）。During this period, the turnover of more than 12,000 brands surged over 100 percent year-on-year and the sales of nearly 6,000 brands skyrocketed more than 500 percent compared with the same period last year.在此期间，12000多个品牌的营业额同比增长超过100%，近6000个品牌的销售额同比增长超过500%。The transaction volume of Apple Inc's products on Tmall exceeded 1 billion yuan within five minutes, while sales of domestic smartphone brands such as Huawei, Xiaomi and Vivo all surpassed 100 million yuan in the first four hours of the promotional event, according to Tmall.天猫数据显示，苹果公司产品在天猫上的交易额5分钟内就突破10亿元，而华为、小米、vivo等国产智能手机品牌在促销活动的前4个小时内销售额均突破1亿元。Consumers preferred to snap up bargains via livestreaming on e-commerce platforms, with sales from some top-tier livestreamers on Taobao Live, Alibaba's livestreaming arm, surpassing 100 million yuan within a short period.消费者更喜欢通过电商平台上的直播抢购特价商品，阿里巴巴旗下直播平台淘宝直播上一些头部主播直播间的销售额在短时间内就突破了1亿元。JD, another major Chinese e-commerce player, has launched a subsidy campaign worth 10 billion yuan, and given discounts for commodities included in the consumer goods trade-in program, such as home appliances and computers. It has also stepped up efforts to upgrade supply chains and logistics services.中国另一家大型电商平台京东推出了价值100亿元的补贴活动，并为家电、电脑等以旧换新计划中的商品提供折扣。京东还加大力度升级供应链和物流服务。JD said it recorded a double-digit year-on-year growth in transaction volume, orders, and user numbers between 8 pm on Oct 14, when its promotional gala opened, and 9 pm on Oct 31.京东称，从10月14日晚8点促销活动开始至10月31日晚9点，其交易量、订单数和用户数量均实现了两位数的同比增长。More than 16,000 brands saw their sales surge over threefold year-on-year, while the number of brands exceeding 100 million yuan in turnover increased over 400 percent compared with the same period last year. More than 17,000 merchants witnessed their order volumes soar over five times from a year earlier.16000多个品牌的销售额同比增长超过3倍，营业额超过1亿元的品牌数量同比增长超过400%。17000多家商户的订单量比去年同期激增5倍多。New users who bought apparel and cosmetics via JD's online marketplaces skyrocketed over 140 percent year-on-year, while JD's livestreaming channel saw a 245 percent year-on-year increase in order volumes.通过京东网上商城购买服装和化妆品的新用户同比激增超过140%，而京东直播频道的订单量同比增长245%。Consumer electronic devices witnessed robust growth during the shopping extravaganza.电子设备消费在购物节期间实现了强劲增长。The transaction volume of gaming laptops rose 120 percent year-on-year during the shopping spree, and AI smartphones and 4K projectors experienced 100 percent growth in turnover, while the sales of AI learning devices and 3D printers surged over 10 times from the same period last year, JD said.京东表示，“双十一”期间，游戏笔记本电脑的成交量同比增长120%，AI智能手机和4K投影仪的成交量增长100%，AI学习设备和3D打印机的销售量比去年同期激增10倍以上。Furthermore, a series of products that represent scientific and technological innovations achieved by Chinese enterprises have been made available on e-commerce platform Taobao. These products cover fields such as information technology, artificial intelligence, aerospace, new energy and quantum technology. 此外，代表中国企业科技创新成果的一系列产品已在电商平台淘宝上进行销售。这些产品涵盖信息技术、人工智能、航空航天、新能源和量子技术等领域。For example, consumers can directly purchase the country's independently developed AS700 civil manned airship and enjoy discounts. The airship can be used for sightseeing, emergency rescue and geophysical exploration of the skies, among other things.例如，消费者可以直接购买中国自主研发的AS700民用载人飞艇，并享受折扣优惠。该飞艇可用于观光旅游、紧急救援和天空地球物理勘探等。The Double Eleven festival was just a 24-hour event on Nov 11 when it was unveiled by Alibaba in 2009, but has stretched into a weekslong shopping spree lasting from mid-October to mid-November this year. Online retailers initiated the promotional event one week earlier this year than previously.阿里巴巴在2009年推出“双十一”活动时，该购物节还只是一个在11月11日举行的24小时活动，但今年的“双十一”已发展成从10月中旬持续到11月中旬的长达数周的购物狂欢节。与以往相比，今年的促销活动提前了一周。"Consumption has become the main driving force boosting China's economic growth, and the Singles Day shopping carnival is pivotal to unleashing consumers' purchasing potential, bolstering domestic demand and promoting consumption recovery," said Wang Yun, a researcher at the Chinese Academy of Macroeconomic Research.中国宏观经济研究院研究员王蕴表示：“消费已成为拉动中国经济增长的主要动力，‘双十一'购物狂欢节对于释放消费者购买潜力、拉动内需、促进消费复苏具有举足轻重的作用。”More stimulus policies are needed to stabilize and expand employment, improve household incomes, and boost people's ability and willingness to spend, so as to further perk up consumption, Wang added.王蕴补充，需要更多的刺激政策来稳定和扩大就业，提高家庭收入，增强人们的消费能力和意愿，从而进一步刺激消费。China's retail sales, a significant indicator of consumption strength, rose 3.3 percent year-on-year in the first three quarters of this year, said the National Bureau of Statistics. Online sales remained a bright spot, rising 8.6 percent year-on-year during the January-September period. 国家统计局数据显示，作为衡量消费实力的重要指标，今年前三季度，中国社会消费品零售总额同比增长3.3%，线上消费仍是一大亮点，网上零售额1-9月同比增长8.6%。Based on a survey by global consulting firm AlixPartners in early October, consumers still view Singles Day as the most important shopping festival. Most consumers are likely to maintain their spending levels from the previous year, with 25 percent of interviewed shoppers saying that there would be an increase in their overall spending, the consultancy said.根据全球咨询公司艾睿铂10月初的一项调查，消费者仍将“双十一”视为最重要的购物节。咨询公司称，大多数消费者可能会保持去年的消费水平，25%的受访购物者表示他们的总体消费会有所增加。Most of the increased spending based on the survey would be in apparel, daily necessities and cosmetics. Consumers are likely to remain sensible in their spending given the current economic backdrop, it added.根据调查，大部分增加的支出将用于服装、日用品和化妆品。该调查补充，在当前的经济背景下，消费者可能会保持理性消费。Online retailers have made promotional methods simpler this time, with a key focus on improving user experience and seeking high-quality and long-term growth, as Chinese consumers are more prudent and rational about potential purchases, said Jason Yu, managing director and vice-executive president of CTR Media Convergence Institute.央视市场研究（CTR）总经理、CTR媒体融合研究院执行副院长虞坚认为，随着中国消费者对潜在购买行为更加谨慎和理性，网络零售商此次将促销方式变得更加简单，重点放在提升用户体验、寻求高质量和长期增长上。Yu said retailers hope to roll out new products to attract consumers and build brand image during the shopping spree.虞坚表示，网络零售商希望在购物热潮中推出新产品来吸引消费者，并树立品牌形象。High-quality and intelligent commodities are crucial for stimulating the purchasing appetite of consumers and unleashing new consumption potential, he said.他说，高品质、智能化的商品对于刺激消费者的购买欲、释放新的消费潜力至关重要。"A series of pro-consumption policies, such as the consumer goods trade-in program, have played a significant role in bolstering the sales of consumer electronic products and household appliances on major online marketplaces," Yu added. 虞坚补充：“消费品以旧换新等一系列有利于消费的政策，对促进电子消费品和家用电器在主要线上市场的销售发挥了重要作用。”Meanwhile, Taobao and Tmall have officially integrated JD's logistics during this year's shopping carnival as sellers on these platforms can choose JD Logistics as the delivery method. JD has accepted the mobile payment option from Alipay, which is operated by financial technology company Ant Group.与此同时，淘宝和天猫在今年“双十一”期间正式整合了京东物流，这些平台上的卖家可以选择京东物流作为配送方式。京东已接入由金融科技公司蚂蚁集团运营的支付宝提供的移动支付方式。Industry insiders said these moves signify a key step in breaking down barriers between the two leading internet companies, enhancing interconnectivity of different platforms, and elevating the online shopping experience of users.业内人士表示，这些举措标志着两家先进互联网公司在打破壁垒、加强不同平台互联互通、提升用户在线购物体验方面迈出了关键一步。Mo Daiqing, a senior analyst at the Internet Economy Institute, a domestic consultancy, said major e-commerce platforms have ramped up efforts to offer steep discounts and shopping subsidies as well as simplify promotion methods during the prolonged shopping carnival to rev up sales.网经社电子商务研究中心高级分析师莫岱青表示，各大电商平台已加大力度，在持续很久的购物狂欢节期间提供大幅折扣和购物补贴，并简化促销方式，以刺激销售。"The policy measures to encourage trade-ins of consumer goods have not only stimulated consumers' desire to purchase, but also bolstered the sales and upgrades of household appliances, and propelled the popularity of green and energy-saving products," Mo said.“消费品以旧换新的政策措施不仅刺激了消费者的购买欲望，还促进了家电产品的销售和升级换代，推动了绿色节能产品的普及。”莫岱青说。She noted that Chinese consumers have become more value-conscious and are paying more attention to the quality and cost-effectiveness of commodities. Mo also emphasized that online retailers should launch new products and upgrade supply chains to attract a new breed of young shoppers.她指出，中国消费者变得更加注重价值，更加关注商品的质量和成本效益。莫岱青还强调，线上零售商应推出新产品并升级供应链，以吸引新一代年轻购物者。It is noteworthy that generative artificial intelligence technology has witnessed a ramp-up in China's retail industry during this year's 11-11 promotion.值得注意的是，在今年的“双十一”促销活动中，生成式人工智能技术在中国零售业迎来了爆发期。According to a report from consultancy Bain & Company, Chinese retail players are investing in generative AI to boost sales and Singles Day could be the perfect opportunity.根据贝恩咨询公司的一份报告，中国零售商正在投资发展生成式人工智能技术，以期拉动销售额，今年的“双十一”成为生成式AI大显身手的好机会。The report said 52 percent of the surveyed merchants have used at least one generative AI-enabled tool. More than half of them have used generative AI-powered customer service chatbot tools, while about one in three have used AI to generate content. The survey interviewed over 500 merchants trading on China's major e-commerce platforms.报告称，52%的商家使用过至少一种生成式AI工具，其中超过50%的商家使用过AI智能客服机器人，还有约1/3的商家利用AI生成内容。这项调查访问了中国主要电子商务平台上的500多家商户。It stated that the era of high double-digit increases in the GMV during the Singles Day shopping spree has come to an end, forcing retailers to focus more on sustainable growth, profitability and customer loyalty, rather than a win-at-all-costs obsession with the top line amid current economic headwinds.该报告指出，“双十一”期间GMV以两位数高速增长的时代已经结束，这迫使零售商更加关注可持续增长、盈利能力和客户忠诚度，而不是在当前的经济逆风中一味追求最高利润。Kelly Liu, partner at Bain & Company's Greater China retail and performance improvement practices, said AI's increasing prominence across Chinese retail sector offers a timely boost to a maturing industry that is facing challenges such as slower retail sales growth.贝恩公司全球合伙人、大中华区零售和绩效提升业务领导团队成员刘洋表示，人工智能在中国零售业的影响力和作用与日俱增，这为面临零售销售增长放缓等挑战的成熟行业提供了及时的推动力。Generative AI gives Chinese retailers access to a powerful tool for increasing sales and lowering cost, Liu said.刘洋认为，生成式人工智能为中国零售商提供了促进降本增效的强大工具。"It is vital that Chinese retailers deepen their customer engagement. AI tools can energize customer retention efforts, enabling e-commerce players to hyper-personalize their engagement with consumers and create bespoke shopping experiences for them," said James Yang, head of Bain & Company's Greater China retail practice.贝恩公司大中华区零售业务主席杨大坤表示，“中国零售商必须加强与顾客的互动。AI工具可以优化顾客挽留措施，帮助电商平台打造高度个性化的顾客互动方式，为顾客带来量身定制的购物体验。”Chinese retailers need to transition faster from AI experimentation to deployment at scale. The retailers that master generative AI in three key areas — deepening customer engagement, turbo-charging productivity and cost savings, and finding new growth beyond trade — could build a lasting strategic advantage, according to the report.中国零售商需要加快从AI实验过渡到大规模部署的步伐。报告指出，零售商如果能掌握生成式AI技术，并利用其成功强化顾客经营、推动降本增效、找到新增长点，就能建立长久的战略优势。Singles Day shopping extravaganza“双十一”购物狂欢节price-conscious customers价格敏感型顾客appareln. 服装gross merchandise volume商品交易总额

This Day in Legal History: Volstead Act SignedOn October 28, 1919, the United States Congress passed the Volstead Act, formally known as the National Prohibition Act, over President Woodrow Wilson's veto. Named after Congressman Andrew Volstead, who championed it, the Act provided the legal framework to enforce the 18th Amendment, which had been ratified earlier that year. This amendment prohibited the manufacture, sale, and transportation of intoxicating liquors, marking the start of the Prohibition era in the United States.The Volstead Act defined "intoxicating liquor" as any beverage containing more than 0.5% alcohol, which was stricter than many Americans had anticipated. Though the Act aimed to curb alcoholism and reduce crime by eliminating the consumption of alcohol, it had some unintended consequences. A significant black market for alcohol quickly emerged, and illegal establishments known as "speakeasies" flourished in cities nationwide. Organized crime syndicates, most notably those led by figures like Al Capone, capitalized on the demand for alcohol, leading to a rise in criminal enterprises.Law enforcement agencies found it challenging to control the widespread defiance of Prohibition, and corruption among officials became rampant as many officers accepted bribes to look the other way. Public sentiment gradually turned against Prohibition as the social costs, including loss of tax revenue and an overwhelmed criminal justice system, began to outweigh the intended benefits. By 1933, the 21st Amendment was ratified, effectively repealing the 18th Amendment and ending Prohibition. The Volstead Act remains a critical historical example of how complex societal problems cannot always be resolved through restrictive legislation alone, highlighting the challenges of enforcing morality laws on a resistant population.A federal jury in Delaware awarded Apple $250 in damages, ruling that Masimo Corp.'s original smartwatch designs infringed on Apple's patents for the Apple Watch. The verdict reflects a limited win for Apple, as the jury found that only Masimo's discontinued designs—not its current products—infringed Apple's design patents. Apple's minimal damages request was a strategic move to secure a jury trial rather than a bench trial, emphasizing its desire to stop Masimo's alleged copying of Apple Watch features, not to seek financial compensation. Apple's legal team highlighted its innovation in smartwatch design, while Masimo's attorneys argued that Masimo's products were built around its pulse-oximetry technology, unrelated to the design patents at issue.Masimo countered Apple's claims by defending the novelty of its blood-oxygen measurement features and asserting that its designs prioritize functionality over aesthetics, unlike Apple's approach. Masimo attempted to avoid a jury trial by offering Apple a $900 cash payment, which Apple rejected, and the court ruled the case must proceed. The jury ultimately found that Masimo intentionally infringed two Apple design patents related to earlier product models but ruled out any infringement related to Masimo's current items, undermining Apple's case for an injunction.Apple Wins $250, But Little Else, at Trial on Watch Patents (2)Alibaba Group has agreed to pay $433.5 million to settle a securities fraud class action filed by investors in Manhattan federal court. The lawsuit, which began in 2020, accused Alibaba of misleading shareholders about its competitive practices and the failed initial public offering (IPO) of Ant Group, its financial technology affiliate known for the digital payment platform Alipay. Shareholders claimed Alibaba misrepresented its business practices and failed to disclose that it faced a significant $2.8 billion antitrust fine from Chinese regulators for allegedly pressuring merchants to sell exclusively on its platform.Though Judge George B. Daniels previously dismissed the claims related to the Ant IPO, he allowed the antitrust allegations to proceed. The $433.5 million settlement ranks among the largest 50 securities class-action settlements in U.S. history under the Private Securities Litigation Reform Act of 1995. Alibaba maintains its denial of wrongdoing, stating it settled to avoid the costs and burdens of prolonged litigation. The settlement requires court approval, with Glancy Prongay & Murray LLP representing the shareholders and Simpson Thacher & Bartlett LLP defending Alibaba.Alibaba to Pay $433 Million to Settle Antitrust Investor SuitAlibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims | ReutersAs the U.S. presidential election nears, Republicans aligned with Donald Trump have faced multiple legal setbacks in battleground states, hindering their push for tighter election restrictions. Over the past three weeks, courts in Georgia, Virginia, Arizona, Nevada, North Carolina, and Michigan have blocked Republican-backed initiatives, such as attempts to purge voter rolls and mandate hand-counting ballots. Notably, a Georgia judge invalidated seven rule changes proposed by Trump's allies, ruling them unlawful and too close to Election Day to implement. Virginia also halted the removal of allegedly non-citizen voters, with the judge citing federal laws against voter roll purges within 90 days of an election.In contrast, Republicans recently succeeded in enforcing stricter mail-in ballot deadlines in Mississippi. Despite setbacks, the party maintains its legal strategy aims to ensure election integrity, though experts suggest these efforts might instead be designed to spread doubts about the election's legitimacy. Analysts speculate that if Trump loses, these legal actions could fuel claims of fraud, casting doubt on the outcome.Republican battleground-state legal blitz falters ahead of election | ReutersA divided 5th U.S. Circuit Court of Appeals ruled that the National Labor Relations Board (NLRB) overreached by ordering Tesla CEO Elon Musk to delete a 2018 tweet about unionization. The tweet implied Tesla employees could lose stock options if they unionized, which the NLRB previously determined was an unlawful threat. However, the court's 9-8 decision held that Musk's tweet was protected under the First Amendment, as it was “speech on a topic of public concern,” making the NLRB's deletion order excessive.The majority opinion, supported by Republican-appointed judges, did not address whether Musk's tweet itself violated labor law, focusing instead on free speech rights. The ruling also instructed the NLRB to reconsider its mandate that Tesla reinstate a pro-union employee who was terminated. In a dissent, Judge James Dennis, joined by Democratic-appointed judges, criticized the decision as lacking substantial legal and factual grounding.Tesla Wins Challenge to NLRB Decision on Musk Union Tweet (1) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Chinese tech heavyweight Alibaba Group Holding Ltd's online marketplaces Taobao and Tmall announced on Thursday that they will accept mobile payment options from Tencent's WeChat Pay gradually from Sept 12, a significant step in breaking down payment barriers between the two internet companies, enhancing interoperability and interconnectivity of different platforms and improving user experience, experts said.中国科技巨头阿里巴巴集团控股有限公司旗下的在线市场淘宝和天猫于9月5日宣布，将从9月12日起逐步接受腾讯的微信支付作为移动支付选项，专家称这是打破两家互联网公司支付壁垒的重要一步，这将增强不同平台之间的互操作性和互联互通，提升用户体验。They added the move is conducive to elevating payment convenience, invigorating the vitality of consumption, and bolstering the innovation and development of payment modalities.他们补充说，这一举措有助于提高支付便利性，激发消费活力，并促进支付方式的创新发展。Taobao and Tmall said in a statement on Wednesday that they had issued notices on their platforms to solicit feedback from merchants about accepting WeChat Pay as an additional payment method, as part of a broader push to improve the shopping experience.淘宝和天猫在9月4日的一份声明中表示，他们已在平台上发布通知，征求商家关于接受微信支付作为支付方式的反馈，这一举措将有助于改善购物体验。The two platforms said they are upholding the concept of openness and cooperation and actively exploring interoperability and partnerships with various platforms to enhance user experience and make consumers' shopping activities more convenient, enjoyable and efficient.这两个平台表示，他们坚持开放和合作的理念，并积极探索与各种平台的互通性和合作伙伴关系，以提升用户体验，使消费者的购物活动更加方便、愉快和高效。Alipay, a popular mobile payment tool launched by Chinese fintech company Ant Group, said in a statement following the announcement, "Openness, collaboration, innovation and sharing are fundamental principles of the internet and the driving force behind the industry's development."由中国金融科技公司蚂蚁集团推出的流行移动支付工具支付宝在公告后发表声明称，“开放、合作、创新和共享是互联网的基本原则，也是行业发展的驱动力。Alipay said it will continue to deepen cooperation with Taobao and Tmall, and step up innovation in technologies and products. Apart from payment products, the company will further expand open cooperation in broader ecosystems such as internet technology and artificial intelligence to create more business opportunities, it added.支付宝表示，它将继续深化与淘宝和天猫的合作，并加强技术和产品的创新。除了支付产品，该公司还将在更广泛的生态系统（如互联网技术和人工智能）中进一步扩大开放合作，创造更多商机。As the main rival to WeChat Pay, Alipay is a major payment service provider for Taobao and Tmall. WeChat Pay said it is always open to collaborations, and is actively exploring interoperability with various sectors, adding it plans to continue exploring new partnerships and improving convenience for users on the basis of ensuring transactional security.作为微信支付的主要竞争对手，支付宝是淘宝和天猫的主要支付服务提供商。微信支付表示，它始终对合作持开放态度，并积极探索与各个行业的互操作性，同时计划在确保交易安全的基础上，继续探索新的合作伙伴关系并提高用户便利性。Pan Helin, a member of the Ministry of Industry and Information Technology's Expert Committee for Information and Communication Economy, said the move is a win-win result for the two Chinese tech giants as both Taobao and Tmall could attract WeChat users by adding WeChat Pay as a payment option and help bolster their business performances, while WeChat Pay will greatly expand its application ecosystems via its access to e-commerce platforms.工业和信息化部信息通信经济专家委员会成员潘和林（音）表示，这一举措对两家中国科技巨头来说是双赢的结果，因为淘宝和天猫可以通过增加微信支付作为支付选项来吸引微信用户，帮助提升他们的业务表现，而微信支付则可以通过接入电商平台大大扩展其应用生态系统。Pan said Taobao and Tmall have access to several mobile payment tools — such as Cloud QuickPass of payment giant China UnionPay — and digital renminbi, so accepting payments from WeChat Pay will not affect the current digital payment landscape.潘和林（音）表示，淘宝和天猫已开通包括支付巨头中国银联的云闪付在内的多种移动支付工具，以及数字人民币，因此接受微信支付不会影响当前的数字支付格局。"It is foreseeable that there will be more frequent and closer cooperation among different platforms and payment companies," Pan said, adding that allowing users to transact through WeChat Pay on Taobao and Tmall will help the platforms gain more users from smaller cities, where WeChat Pay has a higher penetration rate than Alipay.潘和林（音）说“可以预见，不同平台和支付公司之间的合作将会更加频繁和紧密”，他还表示，允许用户在淘宝和天猫上通过微信支付进行交易，将有助于这些平台吸引更多来自小城市的用户，那里的微信支付渗透率高于支付宝。Industry statistics show that WeChat Pay and Alipay together control 90 percent of China's mobile payments market. Experts said the acceptance of WeChat Pay on Taobao and Tmall is a landmark event in enhancing the interconnectivity of payment methods.行业统计数据显示，微信支付和支付宝共同控制了中国移动支付市场90%的份额。专家表示，淘宝和天猫接受微信支付是一个增强支付方式互联互通的里程碑事件。Wang Pengbo, a senior analyst at market consultancy Botong Analysys, said the move will allow consumers to choose their preferred payment methods freely, enhance their shopping experience, unleash consumption potential as well as provide more possibilities for bolstering the innovation of payment technology.市场咨询公司博通分析的高级分析师王鹏博（音）表示，此举将允许消费者自由选择他们偏好的支付方式，提升他们的购物体验，释放消费潜力，并为支付技术的创新提供更多可能性。Alibaba and Tencent have been taking measures to integrate services since 2021 after Chinese authorities urged tech companies to tear down their so-called walled gardens that block competitors' products.自2021年中国当局敦促科技公司打破所谓的“封闭平台”，即封锁竞争对手产品这一行为以来，阿里巴巴和腾讯就已开始采取联合服务措施。Alibaba has incorporated WeChat Pay into its on-demand food delivery app Ele.me, video-streaming platform Youku and online ticket booking platform Damai. Tencent, which once limited the sharing of links to Alibaba stores on WeChat, has gradually allowed users to open a variety of links and content from rival platforms within its messaging app.阿里巴巴已经将微信支付整合到了其即时配送应用“饿了么”、视频流媒体平台“优酷”以及在线票务预订平台“大麦网”中。腾讯曾经限制在微信上分享阿里巴巴店铺链接，但如今已经逐渐允许用户在其消息应用中打开来自竞争对手平台的各种链接和内容。Moreover, Meituan, a popular on-demand services platform, has launched its food delivery and hotel booking services as Alipay's mini programs, offering exclusive coupons and merchant discounts.此外，美团已经使食品配送和酒店预订服务进入了支付宝的小程序，并提供独家优惠券和商家折扣。Interoperabilityn.互用性，协同工作的能力upholdv.支持，维护，拥护

Like this? Get AIDAILY, delivered to your inbox, every weekday. Subscribe to our newsletter at https://aidaily.us Agentic AI: Revolutionizing Business with Autonomy and Innovation Agentic AI, the next evolution of artificial intelligence, promises greater autonomy and problem-solving capabilities. It can make decisions, plan actions, and adapt to new information. With potential applications across healthcare, cybersecurity, finance, and more, agentic AI is poised to transform industries while raising ethical and privacy concerns. Critics Underestimate the Creative Potential of AI Art Generative AI can be a valuable tool for artistic creation, despite skepticism from critics like Ted Chiang. While AI lacks human-like thought, its capacity to discover patterns across vast datasets offers unique creative possibilities. AI shouldn't be dismissed but rather embraced as a tool for enhancing human creativity. California Seeks AI Solutions for Housing and Homeless Crisis Governor Gavin Newsom announced a call for developers to create AI tools to tackle California's homelessness and housing issues. The tools would identify real-time shelter availability and streamline housing permits. The state also seeks AI solutions for budget analysis to improve efficiency. Tech partnerships include OpenAI and Anthropic. Harvard Develops AI Tool for Cancer Detection and Prognosis Harvard Medical School researchers have developed a groundbreaking AI tool that diagnoses cancer with nearly 94% accuracy across 19 types, including lung, breast, and colon cancer. The AI can also predict patient survival, surpassing current models. If validated, this tool could transform cancer diagnosis and treatment predictions. Ant Group Launches AI 'Life Assistant' App Amid Market Shift China's Ant Group, backed by Alibaba, introduced the Zhixiaobao AI-powered "life assistant" app. The app integrates with Alipay to assist users in everyday tasks such as ordering meals, booking taxis, and discovering entertainment. The app leverages Ant's BaiLing foundation model and is part of the firm's business overhaul after regulatory challenges.  The AI Super Cycle: NVIDIA's Dominance and Apple's Next AI Move Despite recent market volatility, the AI super cycle is far from over. NVIDIA leads with its $3 trillion market cap, driven by AI infrastructure, while companies like Apple are poised to enter the AI race, with Siri expected to play a pivotal role in driving consumer demand during upcoming product launches.

Jerry Li is the co-founder and CEO of Artela Network, an extensible blockchain network enabling developers to build feature rich dApps. Previously, he served as the Chief Architect of AntChain, the blockchain platform of Ant Group. Jerry is also the founder of one of China's top NFT marketplaces, Jingtan. In addition to his experience in crypto, Jerry has an extensive background in tech as the head of Apple's engineering team in China. --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support

Money20/20 Asia is the most senior and influential gathering of the global money ecosystem including banks, payments, tech, startups, retail, fintech, financial services, policy, and more. Companies like J.P. Morgan, Stripe, Tenpay Global, HSBC, Google Cloud, AWS, KASIKORNBANK, Hong Kong Monetary Authority, Animoca Brands, Ant Group, and IBM have all made their mark at Money20/20 Asia. Money20/20 is the place where money does business. But don't take our word for it! As our attendees best put it, "The quality of delegates is exceptional" and "Money20/20 Asia allowed for a higher level of senior engagement, deeper connections, and more impactful exchange of ideas" Onsite at Money20/20 Asia Danny Levy sat down with the Money20/20 team - Richard Corless, Creative Director, Jack Shukla, Commercial Director, and Bernadette Silva, Marketing Manager Asia Sponsorship. The team discuss their thoughts on the show, what went into bringing it to life, and what the future looks like. The team also share what their 5 year old self would be the most proud of, and the biggest risk they've taken in their career. Hit play on the episode and get a feel of what Money20/20 Asia is all about. --- Send in a voice message: https://podcasters.spotify.com/pod/show/danny-levy/message

today's tech briefing podcast - monday, may 6th join wally for an insightful journey into the latest happenings in the tech industry. in today's episode, we delve into a range of topics that are stirring conversations and setting the stage for future developments. here's what we cover: - apple's surprising announcement: discover details about apple's unexpected event scheduled for tomorrow morning, including the anticipation surrounding their ipad lineup expansion and the introduction of an m4 chip. understand how this moves against the backdrop of microsoft's third-party silicon rumors. - biden administration invests in semiconductor innovation: learn about the $285 million investment under the chips act aimed at employing digital twins for semiconductor manufacturing. this initiative represents a significant push towards reducing costs, enhancing collaboration, and securing the u.s. leadership in advanced manufacturing technologies. - ant group's global expansion via alipay+: explore how ant group is broadening its horizons with alipay+, aiming to unify mobile payment apps globally amidst the changing financial landscape due to covid-19 and regulatory pressures in china. - stack overflow and openai partnership: uncover the implications of stack overflow teaming up with openai to enrich generative ai models, potentially transforming the developer experience and indicating a broader trend of ai-enhanced innovation across technology platforms. - trolling the lockbit ransomware gang: delve into the novel tactics employed by law enforcement to combat and undermine the notorious lockbit ransomware gang by resurrecting and trolling their dark web site, highlighting the ongoing battle against cyber threats. stay ahead of the curve with these crucial updates and insights into the evolving world of technology and digital transformation. we'll see you back here tomorrow for your next tech briefing

On the 54th episode of Business English Power, ALsensei goes over the following business news article:"China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+"Have you heard about Alipay, the digital payment wallet from Alibaba? If not, it may be coming to your country soon as Alipay+! Check out this episode to keep up to date on all the latest news.Link to article: "China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+"Here are useful vocabulary from the article:to double downofferingfintechglobal presencee-walletglobal arminroadsmerchantto pull the plugto restructureconcurrentlygeopoliticalinteroperabilityPlease subscribe to Business English Power in Apple Podcasts, iTunes, Spotify, and everywhere you listen to podcasts.If you have any questions and/or suggestions for the show please e-mail me directly at:AL at BUSINESSENGLISHPOWER dot COMOn Business English Power, I help you express yourself more naturally and smoothly. We talk about how to make your Business English sound more natural, attain a Global Mindset, and apply powerful Success Principles.Level up your LearningLevel up your Life

In this episode of Market Minutes, Harshita talks about the key factors to watch out for today before domestic equity market open. Markets are likely to consolidate in the near term with sectorial rotation amid key events lined up. Zomato in focus as China's Ant Group arm, Antfin Singapore Holdings Pte plans to sell up to a 2 percent stake in the company. Wipro, NHPC, Tata Technologies among stocks to watch. Catch the global market set up, and also hear from Aamar Deo Singh, Sr VP Research at Angel One in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Major stories developing on the global economic front, including:Budget Battle in Congress as Shutdown LoomsUS Dollar is Riding HighNVIDIA Surge Sparks Market ShakeupsApple Ditches EV for AIWood Trades Chips for CodeBuffet Sits on Record ReservesAnt Overruns CitadelTelecom Titan Considers TakeoverXi Scrutiny Spurs China Brain DrainElon's Tunnel Vision Proves Short-SightedFinWeekly has the latest updates on top market topics and other financial news: In Congress, the looming threat of a shutdown sparks concerns beyond Capitol Hill, while the US dollar rides high amidst global economic uncertainty. NVIDIA's soaring success prompts market shifts, Apple pivots from EV to AI, and Cathie Wood reshuffles her portfolio. Warren Buffett's record reserves contrast with frustration over scarce investment opportunities. Ant Group's bold bid against Citadel signals a power shift in finance, while President Xi's crackdown sparks a brain drain in China's financial sector. Telecom titan Charter eyes a takeover, and Elon Musk's Boring Company faces criticism over its Vegas Loop project. Tune in for insights into these dynamic economic trends shaping our world.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the show

Our expert host Benjamin Ensor is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week, including Yapily and Ant Group bringing Commercial VRPs to Europe, new research from Wise highlighting the impact of junk fees, and Airwallex are getting into Formula 1. PLUS, do you think you could be fooled by a deepfake? Get ready for a mind-blowing scam that cost one bank $25m... This week's guests include: Valentina Kristensen, Director of Growth & Communications at OakNorth Roland Selmer, CPO at Yapily Rina Wulfing, Senior Policy Lead for North America at Wise We cover the following stories from the fintech and financial services space: Ant International and Yapily Launch Europe's First Commercial Variable Recurring Payments (VRPs) for e-Commerce (04:35) Research from Wise highlights the widespread consequences of junk fees on American consumers (18:35) Airwallex race into partnership with Formula 1 team McLaren (33:36) Australian payments firm Fat Zebra buys open banking outfit Adatree (46:30) HSBC instals the first of ten ‘cash pods' in towns with no bank branches (55:43) Hong Kong finance worker gives $25m to fraudsters after call with deepfaked CFO (57:43) --------------------------------------- Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.  Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you're already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Learn more about your ad choices. Visit megaphone.fm/adchoices

Our expert hosts, David Barton-Grimley and Rachel Pandyan, are joined by some great guests to talk about the most notable fintech, finance and banking news from the past week. From Elon Musk's 'everything app' to the SEC's bitcoin ETF approvals, via Revolut biometrics data lawsuit, it's been quite a week in the world of fintech, and we have you covered with expert reaction, analysis and insight. This week's guests include: Nirav Patel, CEO at Andaria Financial Services Jason Mikula, Founder of Fintech Business Weekly We cover the following stories from the fintech and financial services space: X, formerly Twitter, announce peer-to-peer payments in 2024 (https://www.pymnts.com/mobile-applications/2024/x-to-add-peer-to-peer-payments-in-2024-become-everything-app/) Embedded finance firm Andaria partner with Mastercard (Embedded finance firm Andaria to partner with Mastercard) Revolut face class action lawsuit over biometric data collection (https://www.finextra.com/newsarticle/43508/revolut-faces-us-class-action-suit-over-biometric-data-collection) Barclays and Santander slash rates as UK mortgages get cheaper (https://uk.finance.yahoo.com/news/sub-4-two-fixed-mortgage-113532651.html) The U.S. Securities & Exchange Commission (SEC) approve new bitcoin Exchange-Traded Products (ETFs) (https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023) China's Ant Group eye up $200m acquisition of Dutch fintech MultiSafePay (https://www.finextra.com/newsarticle/43501/ant-group-eyes-up-200-million-acquisition-of-multisafepay) Pothole insurance claims reach record highs (https://www.thisismoney.co.uk/money/cars/article-12942369/Pothole-insurance-claims-soar-40-year-hit-record-high.html) Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services. Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Techcrunch, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you're already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guest: Jason Mikula.

China is in a recession after coming out of the pande and the housing market is in freefall. China doesn't seem to care, as it continues to go on a smashing spree of its own companies, starting with Alibaba, Ant Group, and other tech companies in 2020, and more recently the booming tutoring and gaming industries. Is China investable? Follow me on Instagram! www.instagram.com/brobasaur03

Embark on a fintech journey with Breaking Banks Europe's exclusive live coverage of the Singapore Fintech Festival, presented by executive producer Matteo Rizzi. Proudly championing this premier global event, the episode unfolds with insightful interviews at the Singapore Expo. In a captivating 44-minute special, Matteo engages with Kosta Peric, Deputy Director of Financial Services for the Poor at the Bill & Melinda Gates Foundation; Neha Mehta, CEO and Founder of FemTech Partners; and Richard Sikang Bian, the Senior Manager of New Strategic Initiatives and Head of Open Source Program Office at Ant Group. Delve into the conversations that explore financial inclusion, global development, and the transformative impact of fintech on a global scale. This episode is a not-to-be-missed opportunity to grasp the cutting-edge innovations shaping the future of finance, directly from the heart of the Singapore Fintech Festival. Connect with our guests:Kosta Peric: https://www.linkedin.com/in/kostaperic Neha Mehta: https://www.linkedin.com/in/neha-mehta-fintech Richard Sikang Bian: https://www.linkedin.com/in/richardbian/

Lead photo details, Jennifer Carroll MacNeill, Ireland's Minister of State at the Department of Finance (six from left), Douglas L. Feagin, Senior Vice President of Ant Group and Head of Alipay+ (fifth from left), and Leiming Chen, Chief Sustainability Officer of Ant International (fourth from left) at Ant Group booth, Singapore Fintech Festival, November 15. Accelerating growth and expanding partnerships across cross-border mobile payment, global merchant payment, cross-border SME digital payment and financial services, and digital banking services Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, today unveils its strategy in digital payment and digital commerce for global merchants at its flagship Voyage Conference, from its headquarters in Singapore. Ant International to scale up Payment and Digitalisation Technologies "Despite the uncertainties in the global economy, trends like evolving financial infrastructure, accelerating digitalization and swift advances on the tech frontier present unprecedented opportunities for merchants all around the world seeking to achieve new growth, especially for small businesses who aspire to overcome the digital divide," said Yang Peng, President of Ant International. "Travel, trade, technology and talent are the cornerstones of global inclusion and prosperity," said Yang. "We will accelerate innovations in digital payment and digital commerce to link up these areas of global collaboration." Digital Payment and Digital Commerce Solutions across 4 Pillars To realize the 4T vision and provide support to merchants, particularly in helping SMEs achieve their growth goals, Ant International has established a robust global compliance and service structure over the years. Additionally, it boasts an extensive coverage worldwide, especially in Asia, deep expertise in digitalization, and a continuously expanding repertoire of cutting-edge technologies. The Company now focuses on 4 areas of innovations: 1.Alipay+ Cross-Border Mobile Payment Service connects over 88 million merchants to 1.5 billion consumer accounts on over 25 e-wallets and banking apps in 57 countries and regions, allowing consumers to travel and pay worry-free across borders, and merchants to build out cross-border consumer engagement and digital marketing. The service builds on Alipay+'s extensive regional partnerships, including those with national QR schemes such as Singapore's SGQR, Malaysia's PayNet, South Korea's ZeroPay, and Sri Lanka's LankaPay. "Alipay+ focuses on bridging various payment methods and promoting mobile interoperability across Asia and beyond. Its aim is to enable people to travel and live worry-free, while offering businesses, both large and small, new digital avenues for growth," said Douglas L. Feagin, Senior Vice President of Ant Group and Head of Alipay+. 2.Antom Merchant Payment Services help global merchants to engage digitally with consumers in Asia and beyond. "With our AI-driven payment and digital marketing engine, we offer our merchants the broadest consumer reach in Asia and globally, and help them collect payments and grow revenue." according to Gary Liu, Head of Merchant Payment Services at Ant International. 3.WorldFirst digital payment and financial services for cross-border trade SMEs has served over 1 million SMEs to grow internationally with its World Account, by connecting small traders to over 120 global marketplaces and conduct secure and fast payment transactions in over 40 currencies. "Today's cross-border trade is led by young entrepreneurs who are digital natives with global ambitions," said Clara Shi, CEO of WorldFirst. "With World Account, we aim to help them acquire next-gen CFO capabilities to sell, manage and grow across marketplaces and regions." Building on its success in China and Singapore, Shi said, WorldFirst plans to expand its SME e-commerce digital finance solutions across...

Dive into the vibrant and ever-evolving world of FinTech as we explore the Singapore FinTech Festival (SFF) 2023 which is happening 15-17 November 2023. This is the global event where policy, finance, and technology not only meet but converge to reshape global economies.Joining Arjun for this special episode is Pat Patel, the Executive Director of Elevandi. Having led the International FinTech Office at the Monetary Authority of Singapore (MAS) and played a pivotal role in shaping the digital economy, Pat offers a unique insider's perspective into the preparations and expectations of SFF.Pat reveals some of the major industry leaders and key figures marking their presence at the event, including insights about Ajay Bhanga, the new president of the World Bank, and Eric Jing from Ant Group.From policy discussions and financial tech showcases to its vast size resembling six giant warehouse hangers, Pat emphasizes the diversity and scale of the event. He also highlights the key thematic focuses of SFF this year, such as re-architecting the monetary system and the pivotal role of AI.Other topics discussed:The significance of Ravi Menon's last festival address.Importance of talent pipelines in the global economic climate.The expansive evening festivities, turning Singapore's Club Street into a week-long street party.The challenge of navigating the vast offerings of SFF.Arjun's humorous take on the need for digital visiting cards and energy drinks to make the most of the festival.Tune in to get a comprehensive understanding of what to expect from SFF 2023 and why, if you're serious about FinTech, it's an event you cannot afford to miss. Follow the journey with Arjun and Pat Patel as they discuss the nuances, attractions, and future trajectories of the festival. Don't miss out on this exclusive insider's view into the world's largest fintech event!Our website

Our 137th episode with a summary and discussion of last week's big AI news! With guest host Jessica Dai. Check out her Reboot publication! Read out our text newsletter and comment on the podcast at https://lastweekin.ai/ Email us your questions and feedback at contact@lastweekin.ai Check out our sponsor, the SuperDataScience podcast. You can listen to SDS across all major podcasting platforms (e.g., Spotify, Apple Podcasts, Google Podcasts) plus there's a video version on YouTube. Timestamps + Links: (00:00) Intro  (01:37) SuperDataScience podcast ad Tools & Apps (02:32) Salesforce launches AI assistant across its apps including Slack and Tableau (06:06) Roblox's new AI chatbot will help you build virtual worlds (09:22) Bybit debuts AI-powered ‘TradeGPT' for market analysis and data driven Q&A (11:14) China's Ant Group unveils finance AI model as race heats up Applications & Business (13:24) TSMC warns AI chip crunch will last another 18 months (16:50) Even AI Hasn't Helped Microsoft's Bing Chip Away at Google's Search Dominance (20:05) OpenAI will host its first developer conference on November 6 (22:54) AI reading coach startup Ello raises $15M to bolster child literacy (25:71) Nasdaq gets SEC nod for first exchange AI-driven order type (27:17) NVIDIA Adds New Software That Can Double H100 Inference Performance Projects & Open Source (30:10) Meta Platforms reportedly building open-source generative AI system to rival OpenAI's ChatGPT (34:13) Indian Developers Top Hugging Face Leaderboard with GenZ 70B (38:31) Supporting the Open Source AI Community Research & Advancements (40:31) Artificial intelligence allows paralysis patient to speak for first time in 18 years (45:42) Efficient Benchmarking (of Language Models) (49:31) Online AI-based test for Parkinson's disease severity shows promising results (52:52) Scientists used machine learning to perform quantum error correction Policy & Safety (56:18) Tech leaders including Musk, Zuckerberg call for government action on AI (01:01:32) US court rules that artificial intelligence generated artwork cannot be copyrighted (01:04:00) 2 Senators Propose Bipartisan Framework for A.I. Laws (01:05:47) Transcript: US Senate Judiciary Hearing on Oversight of A.I. (01:06:02) U.S. Copyright Office Invites Public To Comment On AI Synthetic Media & Art (01:09:10) Venice Film Festival 2023 Is Cinematic AI's Coming Out Party (01:13:52) Revolution Software is using their own AI technology to remake Broken Sword (01:16:24) As his Kickstarter passes $1.3M, publisher defends Terraforming Mars' generative AI art: ‘It's too powerful a technology' (01:17:23) Outro

This week's podcast is about my visit to Ant Group.You can listen to this podcast here, which has the slides and graphics mentioned. Also available at iTunes and Google Podcasts.If you're interested in talking digital strategy and transformation for your business, contact us at TechMoat Consulting.-------Related articles:Ant Financial Is 3 Platform Business Models Combined. (Jeff's Asia Tech Class – Daily Lesson / Update)Ant Financial's Big Money is in Asset-Light Credit Tech (Jeff's Asia Tech Class – Daily Lesson / Update)From the Concept Library, concepts for this article are:Payment PlatformsFrom the Company Library, companies for this article are:Ant Group / Ant Financial / Alipay / Alipay+--------I write, speak and consult about how to win (and not lose) in digital strategy and transformation.I am the founder of TechMoat Consulting, a boutique consulting firm that helps retailers, brands, and technology companies exploit digital change to grow faster, innovate better and build digital moats. Get in touch here.My book series Moats and Marathons is one-of-a-kind framework for building and measuring competitive advantages in digital businesses.This content (articles, podcasts, website info) is not investment, legal or tax advice. The information and opinions from me and any guests may be incorrect. The numbers and information may be wrong. The views expressed may no longer be relevant or accurate. This is not investment advice. Investing is risky. Do your own research.Support the show

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed Asian trade, while European equity markets are lower. There is nothing in the way of big directional drivers in play and still a lot of push and pull surrounding the big themes. Earnings takeaways over the last several weeks seem to fit with the soft-landing narrative.Companies Mentioned: Amazon, Snap, Ant Group, Disney

MONDAY KETCHUP: Threads > ChatGPT, Musk manboys Zuck, Ant Group's fine, restaurant bill healthcare surcharge, and Director of the Week from Free Float Analytics

MONDAY KETCHUP: Threads > ChatGPT, Musk manboys Zuck, Ant Group's fine, restaurant bill healthcare surcharge, and Director of the Week from Free Float Analytics

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened with losses, following a mixed Asian session. June CPI is the main event for this week. Forecasts are for an uptick in monthly headline inflation but a drop in core. China tech stocks outperformed in Monday's Asian session after regulators ended a multi-year probe of Ant Group by levying $1B fine over company's planned IPO in 2020. Companies Mentioned: Ant Group

Tech giant Ant Group is one of several companies facing massive fines imposed by the Chinese government. Ant offers loans, credit, investments and insurance to hundreds of millions of customers and small businesses, and is part of the empire of founder Jack Ma. Plus: the end of an era, as Ford stops production of its iconic Fiesta model. Roger Hearing is joined by Toronto based tech journalist Takara Small, and Colin Peacock, host of Mediawatch on Radio New Zealand. Picture: Logos of Alipay and Ant Group (credit CFOTO/Future Publishing via Getty Images)

Also, lawyers representing Dow Jones, the publisher of The Wall Street Journal, ask a United Nations human-rights official to press Russia for Evan Gershkovich's release. And Chinese fin-tech company Ant Group slapped with a nearly $1 billion fine. Charlotte Gartenberg hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

One of China's biggest tech firms, the company that runs the mobile payment service Alipay has been hit with a massive fine of almost a billion dollars. But many believe this could this mark the end of a long government crackdown which led to Ant Group and Alibaba founder Jack Ma stepping down. Also tonight, Roger Hearing finds out why Ford is retiring its iconic Fiesta brand. Picture: the Alipay logo at the 2023 World Artificial Intelligence Conference in Shanghai, China, credit CFOTO/Future Publishing via Getty Images

Chinese authorities announce $984M fine for Alibaba (BABA) affiliate Ant Group. Jenny Horne discusses this as the fine would bring short-term pain, but may signal the end to Chinese regulatory pressures on the tech sector. She then goes over how Wolfe Research downgrades Paramount (PARA) and Warner Bros. Discovery (WBD). Wolfe notes that PARA says linear advertising exposure is an "Achilles heel under attack." The analyst also says that the risk of significant TV advertising downturn is imminent in relation to WBD. Tune in to find out more about the stock market today.

Despite the hype around generative AI, the funding environment for startups and VCs remains tight according to Pitchbook data. Softbank though is bucking that trend with a new investment in a Japanese robotics startup, just weeks after promising to go back on the offensive. Plus, shares of Alibaba soared today after China hit Ant Group with a nearly $1 billion fine, signaling an end to its era of tech crackdowns, allowing the company and private enterprises in the country more broadly to revive growth.  

Bloomberg's Caroline Hyde and Ed Ludlow break down the battle between Twitter and Threads as Elon Musk's company threatens legal action against Meta. Plus, Alibaba surges as China ends its tech crackdown with fines on Tencent and Ant Group, and Apple readies a slow rollout of its Vision Pro headset. See omnystudio.com/listener for privacy information.

Chinese fintech giant Ant Group's overhaul into a financial-holding company is in limbo because of Beijing's regulatory-system revamp. TurboTax is sending settlement payments to people who were charged for tax preparation that should have been free. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

US futures are pointing to a marginally higher open. European equity markets have opened positive, following lower levels in Asia. There's attention on disconnect between markets pricing in dovish pivot this year and Fed continuing its higher-for-longer narrative. RBA members debate another 25bp hike. China Q1 GDP growth stronger than forecast.Companies Mentioned: BELLUS Health Inc, GSK, Alibaba, Ant Group

Market watchers wonder when the fintech giant will be able to revive its IPO plans and what it will have to give up to get a financial holding company license — one of the last items on its restructuring to-do list.Click here to read the article by Liu Ran and Kelsey Cheng.Narrated by Sarah Kutulakos.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Another train has derailed in less than a month. This time, it's a Union Pacific coal train in Nebraska. The Environmental Protection Agency is ordering Norfolk Southern to clean up the Ohio train derailment, while the transportation head calls for more train safety regulation. The Supreme Court is hearing a case with broad implications for free speech and social media. Social media companies' immunity from lawsuits is at stake. Russian President Vladimir Putin suspends a key nuclear arms treaty with the United States, while blaming the Ukraine war on the West. The NBA and Chinese fintech company Ant Group are teaming up, despite the NBA having a troubled past with China. What will the deal involve? People are using artificial intelligence to write books and sell them on Amazon. People who otherwise wouldn't be authors are making a quick buck. And we ask a quantum computing expert about the dangers of AI. Does artificial intelligence have the potential to take over humanity? ⭕️ Watch in-depth videos based on Truth & Tradition at Epoch TV

Our expert host, Kate Moody, is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include: Benjamin Fernandes, CEO, NALA Charlie Conchie, Investment Editor, City AM Wiza Jalakasi, VP of Global Merchant Business, Chipper Cash With soundclips from: Tom Burton, Director of External Affairs and Public Policy, GoCardless We cover the following stories from the fintech and financial services space: African payments giant Flutterwave vies to buy British fintech Railsr - 4:15 NALA expands into Europe to enable cross border payments - 16:40 UK fintech funding tumbles amid global slowdown, but London remains well ahead of global rivals - 30:15 Jack Ma to give up control of fintech giant Ant Group - 41:40 Visa and Enfuce pilot prepaid cards for refugees in France - 49:15 Open Banking turns five! - 50:50 YouTube star Logan Paul apologises for CryptoZoo project failure - 55:00 Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It's hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Send us your questions for the Fintech Insider Mailbag here (https://11fscompany.typeform.com/to/kBMan5qL?typeform-source=t.co) Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guests: Benjamin Fernandes , Charlie Conchie , Tom Burton, and Wiza Jalakasi.

Visite nuestras oficinas digitales en Decentraland! https://creadore.dcl.eth.limo/ ¡Emprendeduros! En este episodio Rodrigo y Alejandro nos dan una actualización de mercado donde hablan de la situación del Mercado, de los números de inflación, de las inversiones de los VCs, de Europa evitando una recesión y de lo que paso en Brasil. Nos dan los reportes de ingresos de Bed Bath and Beyond, Jefferies Financial Group, Albertsons y Taiwan Semiconductor Manufacturing Company. Después hablan de Jack Ma cediendo control de Ant Group. También hablan de los rumores de la WWE y de Microsoft invirtiendo en OpenAI. Finalmente nos dan la actualización de Cryptos donde hablan de los despidos de Coinbase, los problemas de Silvergate y de Genesis, así como la demanda de Nueva York contra Celsius.

Kara and Scott are back together! They discuss the new power balance in Congress, how A.I. will and won't transform, and a potential ban on non-compete clauses. Plus, Jack Ma will give up control of Ant Group, and echoes of January 6th in Brazil. Today's Friend of Pivot is Mike Allen of Axios, who stops by to chat about his new book, “Smart Brevity: The Power of Saying More with Less,” and the changing landscape of the news business. You can find Mike Allen on Twitter at @MikeAllen and can find Smart Brevity here. Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jack Ma is China's best-known entrepreneur, an English teacher who became a billionaire, after he founded the e-commerce giant Alibaba. However in June 2021, Chinese regulators halted the dual stock market debut of his digital payments company Ant Group - an affiliate of Alibaba - in Hong Kong and Shanghai, citing "major issues" over regulating the company. Mr Ma has been laying low ever since. In January 2023, it was announced that Mr Ma would give up control of the Chinese fintech giant. So who is Jack Ma? And what does the future hold now? In November 2022, Business Daily's Rahul Tandon spoke to Brian Wong, a former Alibaba executive and special assistant to Jack Ma at Alibaba who has recently written a book about his time with the company. He talks about his relationship with Mr Ma, what he was like to work for, and what he thinks the future could hold. Producer and presenter: Rahul Tandon (Image: Jack Ma. Image credit: Getty Images)

Immigration has been found to have a litany of benefits for the host country, but one that’s often underappreciated is the boost in innovation brought by new arrivals. We chat with Marketplace’s Chris Farrell about a study that goes into the details. Also, a look at Brazil’s economy amid a tenuous political situation. And, Chinese captain of industry Jack Ma is giving up control of Alibaba’s financial affiliate Ant Group.

Immigration has been found to have a litany of benefits for the host country, but one that’s often underappreciated is the boost in innovation brought by new arrivals. We chat with Marketplace’s Chris Farrell about a study that goes into the details. Also, a look at Brazil’s economy amid a tenuous political situation. And, Chinese captain of industry Jack Ma is giving up control of Alibaba’s financial affiliate Ant Group.

Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending gains after a positive first week of 2023 for stocks. The anchors also explored woes for a pair of retailers: Shares of Lululemon and Macy's each down sharply on holiday quarter guidance. Carl, Jim and David reacted to Ant Group founder Jack Ma ceding control of the Chinese fintech giant, and the boost to shares of Alibaba, which owns a roughly 33% stake in Ant. Merck CEO Robert Davis offered his outlook for the pharma giant "First on CNBC" from the J.P. Morgan Healthcare Conference in San Francisco. Also in focus: Goldman Sachs reportedly set to begin layoffs, plus a look at the stocks rising more than 100% on M&A news.