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Rwanda in Talks With Alibaba Group Founder

He tried many things in life but failed many times, for example he applied for many jobs and was rejected but didn't give up. He also started an online commerce project and it nearly failed but later succeeded to become China's richest man.Jack Ma, a Chinese billionaire and founder of Alibaba is scheduled to fly to Rwanda and share entrepreneurial skills with Rwandan youth."Legendary Chinese business magnate Jack Ma will visit Rwanda soon to share entrepreneurial tips with youths," Rwanda's Minister of Youth and ICT Jean Philbert Nsengimana announced at #RwandaDay in Belgium on Saturday.Minister Nsengimana revealed that government was already in contact with the billionaire with a net worth above $8.5 billion this year to $41.8 billion.According to the Bloomberg Billionaires Index Ma 52, is now the richest person in Asia and 14th wealthiest in the world.Alibaba Group Holding Limited is a Chinese e-commerce company provides consumer-to-consumer, business-to-consum…
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Alibaba wants to be more than the Amazon of China

View photos Alibaba Executive Chairman Jack Ma. REUTERS/Stephane Mahe /File Photo More Imagine a website where you can buy not only products like clothing and electronics but also discount tickets for the Empire State building and services like house cleaning and proofreading. And like other major online retailers, you can expect cheap delivery within two days, even on weekends.Are you tempted to log on and start shopping?That's what Alibaba founder and CEO Jack Ma (BABA) wants you to do. And he's already getting people to do it. In the 12 months ending in March, Alibaba's China retail marketplaces reached 454 million active buyers and saw $547 billion in gross merchandise volume. Alibaba recognized $23 billion in revenue during that period. This week, the Chinese e-commerce giant's stock soared by more than 10% after it forecast sales growth of 45% to 49% for the current fiscal year. In a speech to investors this week, Ma set the goal for Alibaba: to become th…

Tata Communications joins hands with Alibaba Cloud

Beijing: Tata Communications on Saturday inked a deal with Alibaba Cloud to enable customers from India and 150 other countries to connect to the Chinese e-commerce giant's 'Express Connect' platform for a fast, stable and secure network. The Express Connect will be linked through Tata Communication's IZO Private Connect service.This collaboration was announced at Alibaba Cloud's Computing Conference in Shanghai on Saturday. It is particularly focused towards enterprise customers from over 150 countries, including India, who employ the services of Alibaba Cloud.Under the deal, the global enterprises will now have immediate access to a secure connection between the Virtual Private Clouds (VPC), the Internet and end-users' own networks.Yeming Wang, deputy general manager of Alibaba Cloud Global said in a statement said that "we look forward to working closely with Tata Communications in a bid to provide an exciting proposition with great connectivity for g…

Alibaba Cloud inks deal with Tata Communications

Beijing: Tata Communications on Saturday inked a deal with Alibaba Cloud to enable customers from India and 150 other countries to connect to the Chinese e-commerce giant's 'Express Connect' platform for a fast, stable and secure network.The Express Connect will be linked through Tata Communication's IZO Private Connect service.This collaboration was announced at Alibaba Cloud's Computing Conference in Shanghai today.It is particularly focused towards enterprise customers from over 150 countries, including India, who employ the services of Alibaba Cloud.Under the deal, the global enterprises will now have immediate access to a secure connection between the Virtual Private Clouds (VPC), the Internet and end-users' own networks.Yeming Wang, Deputy General Manager of Alibaba Cloud Global said in a statement said that "we look forward to working closely with Tata Communications in a bid to provide an exciting proposition with great connectivity for global ente…

After Malaysia, Alibaba is gunning to open data centers in India and Indonesia

Alibaba Cloud, the cloud computing arm of Alibaba Group, is planning to open two new data centers in India and Indonesia in the ongoing fiscal year, that ends on March 31, 2018. The firm announced this at its Computing Conference in Shanghai this Saturday.This move supports its vision to significantly increase its computing resources in Asia, facilitating greater support for small and medium enterprises (SMEs) throughout the region with "powerful, scalable, cost-effective and secure cloud capabilities." These data centers will provide the enterprises and organizations a full suite of services, giving them the flexibility to build their entire IT infrastructure for business on Alibaba Cloud or run mission-critical and core applications on it. Simon Hu, Senior Vice President of Alibaba Group and President of Alibaba Cloud, in a statement, said,I believe Alibaba Cloud, as the only global cloud services provider originating from Asia, is uniquely positioned with cultural and co…

Alibaba's Jack Ma, partners donate 560 mln yuan to hospital

ALIBABA founder Jack Ma and his business partners have donated 560 million yuan (82 million U.S. dollars) to a hospital in east China's Zhejiang Province.Of the money, 300 million yuan is from the Jack Ma Foundation, 100 million from Alibaba Group, 110 million from the group's 17 founders and partners, and 50 million yuan from Yunfeng Capital, a private equity firm co-founded by Jack Ma and Target Media founder David Yu.The money was donated to The First Affiliated Hospital of Zhejiang University Friday, and will be used for training, research and development (R&D).Wang Weilin, president of the hospital, said the money will help improve the hospital's services.Zhejiang University and Alibaba Group previously signed a strategic cooperation agreement on frontier technology, such as artificial intelligence, medical health, big data and social sciences.

Tata Communications joins Alibaba Cloud to empower enterprises

Tata Communications on Saturday announced a partnership with Alibaba Cloud to enable customers from over 150 countries, including India, connect to Alibaba Cloud`s "ExpressConnect" via Tata Communications' "IZO Private Connect" service.The announcement was made at Alibaba Cloud`s Cloud Computing Conference in Shanghai.By accessing "ExpressConnect", a high-speed dedicated connection that securely links customers with their Virtual Private Clouds (VPCs) and connecting through Tata Communications` "IZO Private Connect" service, enterprises can scale their cloud connectivity and enable rapid provisioning of capacity to Alibaba Cloud."We look forward to working closely with Tata Communications in a bid to provide an exciting proposition with great connectivity for global enterprises wanting to enter China and for Chinese enterprises looking to go global with ease and convenience," said Yeming Wang, Deputy General Manager of Alibaba …