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After investi
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ng in over 800 firms, Chinese tech company聽Tencent Holdings聽said it would bolster its international investments and in industries like smart retail. According to a speech Tencent President Martin Lau made at a conference, those companies include 70 listed firms, and more than 160 have a value exceeding $1 billion,聽Reuters聽reported. Previously our traditional investment sectors were mostly focused on video games content and frontiers of science and technology, Lau told a meeting of over 500 firms backed by Tencent per the report.聽 However, with the development of Tencents WeChat mini-app ecosystem and payment platform, we will pay more attention to smart retail and payment platforms in future. Tencent is known to have stakes in companies like online shopping
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site Pinduoduo and food delivery firm Meituan Dianping as well as video game companie
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s like Supercell and Riot Games. The firm rarely offers an overview or makes details of its investment activities known. It is said to be the second-largest firm in Asia by market value and worth $490 billion.The news comes as French payments firm聽Lydia聽closed聽a $45 million 40 million euro series B round led by聽Tencent, with participation from existing investors New Alpha, CNP Assurances, and XAnge. The mobile payment app firm has attracted more than 3 million users in France, with 25 percent in the range from 18 to 30 years old. The startup adds about 5,000 new users daily.Lydia Co-Founder and CEO Cyril Chiche said, acco Ftyl Report: Panasonic Pursuing Blue Yonder Amid Growing Clout Of Supply Chain Management
Alibaba, the Chinese e Commerce giant, is reportedly embracing blockchain technology for its T-Mall eCommerce platfor
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m.According to a report in Coinbase, citing Chinas news agency Xinhua, reported Thursday March 1 that it will use blockchain technology f
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or cross-border supply chain. Alibaba is reportedly partnering up with Cainiao, the logistics company for the effort. With the partnership, the two are aiming to move the information on goods that are imported and exported to the blockchain so that the goods can be tracked from the country they started out in. With blockchain, the goods can also be tracked by shipping port and method, arrival port and customers report details, reported Coinbase. 聽Alibaba is already an investor in Cainiao. Cainiao, noted the report, is a big backer of blockchain and sees the potential for it to be embraced for cross-border eCommerce. With the partnership, Chinese consumers from all over the country can track the blockch
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ain information on 30,000 goods from 50 countries via E-Malls mobile app. It also aimed at boosting confidence with consumers who fear they are purchasing fake goods on the platform. The partnership comes at a time when T-Mall has been enjoying strong sales. In November聽聽Singles Day, an informal day of personal shopping that Alibaba has grown to a multi-billion dollar event over the last decade or so, brought in over $25 billion in merchandise sales in 24 hours. Most of those sales took place on the Taobao marketplace a