In a visionary talk, computer scientist Kai-Fu Lee explains how AI can save our humanity, details how the US and China are driving a deep learning revolution, and shares a blueprint for how humans can thrive in the age of AI by harnessing compassion and creativity.
Taobao, the online auction unit of China’s e-commerce giant Alibaba Group, announced the parent company would invest in it 5 billion yuan (732 million U.S. dollars) over the next five years. Taobao president Lu Zhaoxi said the investment showed its confidence in the long-term Internet development and economic growth in China […]
China’s dot-com economy grew nearly 63 percent year on year in the second quarter, despite increasing inflation and the effects of the Sichuan earthquake, a Shanghai-based research firm reported recently. Revenue generated by China’s online search, game and travel providers reached 13.32 billion yuan (US$1.94 billion) in the April-to-June period, iResearch said…
South Korea’s Internet searchers conducted an average of 104 searches in April/2008, nearly twice as many as Malaysians, who clocked in at 54 searches per searcher; according to Comscore’s latest findings; Asia ’s largest number of searches, not surprisingly, came from the 82 million Chinese Internet users doing 6.2 billion searches in April/2008. That is an average of 75 searches per Chinese searcher […]
Online Chinese shoppers spent 16.2 billion yuan (2.3 billion U.S. dollars) in 19 major cities in the first half of 2008, China Internet Network Information Center (CNNIC) said on recently. The findings were based on a survey carried out in four municipalities directly under the central government — Beijing, Shanghai, Tianjin and Chongqing — and 15 developed cities such as Changchun, Dalian, Nanjing, Hangzhou, Jinan and Guangzhou, among others […]
Alibaba.com, the largest business-to-business portal in China underwent its first day of public share trading in Honk Kong, and the results exceeded all expectations, as the price tripled, raising $1.5 billion. The public offering is expected to raise nearly $2 billion in Hong Kong, making its debut offering as large as Google’s 2004 I.P.O. in the United States. ‘We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company,’ said Jack Ma, non-executive chairman of the company and chairman and chief executive officer of Alibaba Group…
China could become the world’s biggest online market within two years: the number of Chinese netizens has surpassed 123 million and number of people with access to broadband connection rose by 45.3 percent during the first half of the year to 77 million. Studies show that a typical Chinese consumer spends an average of 17.9 hours per month (36 min./day) engaged in popular online activities such as chatting, blogging, gaming, and shopping […]