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(via TechCrunch)

streaming video Alibaba’s unlimited video streaming subscription platform, Tmall Box Office (TBO), is now available for some users of its smart TV operating system in China. Tech In Asia spotted TBO’s homepage, which gives viewers access to Chinese and foreign shows and movies starting at RMB 39 (about $6.10) for a month’s subscription. Read More

Complete story at source: TechCrunch
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(via Mashable)

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If China can fake anything, even a chain of Apple Stores, Goldman Sachs shouldn’t be too surprised to find it isn’t off-limits.

That’s right — the Goldman Sachs has found its doppelganger in China, except it has nothing to do with the New York-headquartered investment banking firm. It seems Goldman Sachs (Shenzhen) Financial Leasing Co. has been operating since May 2013, according to Bloomberg, and it’s not affiliated with the actual Goldman Sachs Group Inc.

Shenzhen is a major financial city in China, just north of Hong Kong. The metropolis is known for being the home to a number of large Chinese firms such as Tencent, and is also the site of Foxconn’s largest factory, spitting out iPhones, BlackBerrys and Xboxes. Read more…

More about China, Piracy, Asia, Goldman Sachs, and Fake

Complete story at source: Mashable
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(via TechCrunch)

cloud computing Aliyun, the cloud computing unit of Alibaba Group, is launching an artificial intelligence platform that it claims is the first in China. Called DT PAI, the service combines algorithms used by Alibaba with machine and deep learning techniques and presents them in a simple drag-and-drop interface. Aliyun says developers can use DT PAI to predict user behavior without having to write new code. Read More

Complete story at source: TechCrunch
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(via Business Insider)

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There are some worrying signals on the trajectory of China’s economy.

The country has just seen a spectacular stock market collapse that was exacerbated by huge amounts of margin lending to retail investors. Blackrock has warned of an “alarming” rise in private sector debt.

GDP growth is now slowing faster than many expected just 12 months ago. A lower-than-expected result for Apple iPhone sales this week triggered talk of “a widespread demand reset from China”.

It is an increasingly concerning picture.

Just because China’s pace of growth is slowing doesn’t mean the economy… Continue reading

(via Business Insider)

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Under President Xi Jinping , China is succeeding in creating an alternative vision for global leadership designed to challenge Western, and in particular American, dominance.

Momentum is gathering behind the Asian Infrastructure Investment Bank, a US$100 billion initiative officially launched by China last month, in the face of US opposition, to finance Asia’s infrastructure needs.

It is the first time the US is without a role in what will be a leading financial institution in the world.

The rise of the AIIB comes months after the British government became the first in the Western world to issue… Continue reading