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Tag Archives: alibaba

Alibaba to invest $28 billion in cloud services

The outbreak of COVID-19 has had a deep impact on the world market – resulting in Microsoft services seeing a 775% increase in demand in the wake of COVID-19. Alibaba is now demonstrating that it is willing to adapt its investments accordingly, as it plans a new $28/£22.5 billion investment in cloud services. …

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Yahoo to be renamed Altaba after Verizon purchase


It looks like the recently announced hacks of Yahoo haven’t lead to Verizon backing out of its intention to purchase the long-standing internet firm. However it won’t be maintaining the brand after the buyout, renaming what remains after downsizing, to Altaba. Verizon originally announced an interest to buy up Yahoo …

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Foxconn to help Japanese firm sell robots around the world

What guise will robots of the future take? Some see as them as faceless automatons, capable of performing basic tasks for us, whilst the Supermatrix predicts a future where they’ll be actively concious but subdued through a dream within a dream. SoftBank Mobile however believes robots can be our friends …

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Alibaba sinks $10 million into OUYA Android console


The OUYA console started its life as one of Kickstarters most successful projects back in 2012, raising over $8.6 million from backers and blazing past its $950,000 goal in less than a 8 hours. Since then the $99 Android console has been though a few ups and downs, it has been …

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Snapchat seeks funding to boost value to $10 billion

It’s not uncommon these days for relatively new companies to be valued in the billions. It wasn’t that long ago that we threw up our arms in protest at the two year old Oculus VR being bought up by Facebook for $2 billion, but already a company is looking to eclipse …

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Yahoo sell Alibaba stake for $7.1B

Yahoo have decided to sell half of its stake in Chinese e-commerce group Alibaba for $7.1 billion. Most of the cash from this sale is going to shareholders. Struggling Yahoo have sold half of their percentage stake back to the Alibaba Group for $6.3 billion cash and up to $800 …

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