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Alibaba and Cainiao Invest $1.38 Billion in ZTO Express
A Chinese e-commerce giant struck a notable partnership Tuesday in the country's logistics sector. What Happened Alibaba Group Holding Ltd (NYSE: BABA) and its logistics arm Cainiao announced a strategic agreement Tuesday with ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO), a leading Chinese express delivery company. Investors led by Alibaba and Cainiao will put up $1.38 billion in return for
Facebook, Google, Instagram and WhatsApp Already Hit With Legal Complaints Tied to GDPR
The European Union's General Data Protection Regulation (GDPR) just went into effect on Friday, but lawyers have already gone after some of the biggest tech names in Silicon Valley over alleged violations of the sweeping new rules. NOYB, the European Center for Digital Rights, which is led by Austrian lawyer and privacy activist Max Schrems, has filed legal complaints against
Amazon Confirms Alexa Recorded, Shared User's Conversation
Online privacy and data protection remain key themes for investors in 2018, and, Inc. (NASDAQ: AMZN) is dealing with another potential privacy issue Friday. The company confirmed that one of its Echo devices accidentally recorded the private conversation of a family and sent that recorded conversation to a random person in their contact list. Amazon Responds The Echo misinterpreted
Eric Schmidt: Elon Musk is 'Exactly Wrong' About AI
Of all the things that Elon Musk is famous for - PayPal, Tesla, Space X, his vast wealth - nothing seems more un-Elon than his deep paranoia of artificial intelligence. After all, how does a guy that has embraced the future in every other aspect of his life - he wants us to travel to Mars for God's sake! -
How the GDPR's Data Portability Rules Could Affect Client Churn
Last month, the U.S. Justice Department was found to be investigating AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) for allegedly colluding to lock customers into their networks and prevent server switches. This month, new policies in the European Union will make data transfers even simpler than they were before, meaning the churn companies feared under old rules
Kasko2Go Brings Big Data to Insurance Industry With Smartphone-Based Solution
Kasko2Go is a global company utilizing blockchain technology to create a new auto insurance solution that is tailor-made to each individual driver, aimed at cutting costs and speeding up the claim process. Genadi Man, CEO of Kasko2Go, spoke at NexChange's Block O2O Global Summit in Hong Kong about how his company's use of Big Data is creating "smart insurance" that
The Future of Retail is 'SIMPL': What it Means and Why it Matters For Apple Investors
The competitive landscape in retail will continue changing and the ultimate victors will be those that excel in being "SIMPL," according to D.A. Davidson. The Analyst Analyst Tom White initiated coverage of Apple Inc. (NASDAQ: AAPL) with a Buy rating and 12-18 month price target of $220. The Thesis "SIMPL" refers to social networking, international expansion, mobile, payments and logistics,
Make America Greasy Again: Heinz Releases Limited Cryptocurrency to Purchase Bacon
Move over Bananacoin, the food world is answering to a new currency: Bacon. While the people behind the Bananacoin describe this as the “first environmentally friendly plantation in Laos which has released a utility token based on Ethereum, pegged to the export price of 1 kg of bananas,” Kraft Heinz Co.’s Oscar Mayer unit has released a limited cryptocurrency naturally
Choose Privacy Awareness Week is Near: Let's Discuss the Biggest Data Breaches of 2018
Whether you like it or not, most of your day-to-day activities leave behind digital footprint You access banking services, use online day trading outlets, store photos of your family on a cloud service, and enter credit card information online. As you know, this information isn’t completely safe. It seems as though everyone has experienced a breach of privacy or been
Tim Draper Says Bitcoin Will Be 'Bigger Than the Industrial Revolution'
If Bitcoin is still in need of a hype man, it may have just found him. A-List venture capitalist Tim Draper not only remains bullish on Bitcoin despite its recent struggles, he actually believes the cryptocurrency will be "bigger than the Industrial Revolution," as CNBC reports. If this seems rather hyperbolic, Draper has a lot more for you to chew