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Alibaba cloud to launch big data service in Europe

Alibaba Cloud will roll out its big-data service, called “MaxCompute,” in Europe in the second half of 2017 to tap into growing demand for data-processing and analytics from local enterprises. MaxCompute is a big-data platform that allows users to store and process massive amounts of data, including images, video and audio with storage demands as high as terabyte, or even…

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The keys to Chinese leadership in mobile payments

Due to a series of particularities, the Chinese market has risen as the role model in mobile payments adoption. Western economies have a lot to learn about a market that is valued at over $2.3 trillion. The U.S. might be setting the pace of the digital revolution, but in the field of mobile payments, from an economic, technological and social…

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Jack Ma’s Ant Financial Buys MoneyGram for $880 Million

Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. The $880 million acquisition marks Ant’s first deal with a U.S.-listed company, as it begins to explore markets beyond a home arena it already dominates. The transaction will connect MoneyGram’s network of 2.4 billion bank and mobile accounts…

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Alibaba teams up with Samsung, Louis Vuitton,Huawei etc and team up world’s first ‘big data anti-fake alliance’

Alibaba Group has announced a new alliance with international brands including Louis Vuitton, Samsung and Mars that will leverage big data and the latest in anti-counterfeiting technology to continue the global fight against fakes. The Alibaba Big Data Anti-Counterfeiting Alliance, which has about 20 members, will bring together industry and technical know-how as a key strategy for keeping the e-commerce…

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Everybody who’s anybody has a cloud in Germany

With Rackspace’s new data centre announcement this week, Germany is slowly positioning itself as the it-place for cloud companies worldwide. Maybe it’s the two litre beers, the slow-cooked pork or the brutal and attractive efficiency, but anyone who wants to be someone is setting up a data centre in Germany. There is a temptation to continue to list German stereotypes, but…

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