NewsRoom Articles - ChineseWire

WednesdayDec 11, 2024 10:00 am

Alibaba to Sponsor Upcoming Lunar Year Festival

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) is set to sponsor the upcoming Lunar Year Spring Festival Gala as it steps up efforts to woo budget-conscious consumers. With Alibaba looking to boost its growth rate in a struggling economy filled with competing firms, sponsoring one of the world's most-watched broadcasts is sure to do some good. Hundreds of millions of viewers watch the Spring Festival Gala every Lunar New Year's Eve, making it the most-watched event in China. According to the deal the Hangzhou-based firm signed with state-owned China Media Group (CMG), Alibaba will be the 2025 Spring…

MondayDec 09, 2024 10:00 am

Rumble Goes to Court Protesting California’s Censorship Law

Video-sharing platform Rumble has filed a federal lawsuit against California's censorship laws. According to Alliance Defending Freedom (ADF) attorneys, the lawyers representing indirect subsidiary Rumble and Rumble Canada, the lawsuit is meant to protect Rumble's constitutional right to post political content on the internet with no restrictions. California recently passed two policies that target and penalize internet users who post specific political commentary in online spaces. As one of the largest video-sharing platforms on the internet, Rumble also hosts plenty of political commentary and will undoubtedly be affected by the censorship laws. The policies include AB 2655, a measure that…

WednesdayDec 04, 2024 10:00 am

Analyst Discusses the Current Status, Outlook of the Mobile Payments Segment

Mobile payments are becoming increasingly common across most markets thanks to their convenience and ease of use compared to traditional fiat currencies, Euromonitor International senior research analyst Marite Garcia-Araujo says. With millions of consumers worldwide onboarding onto online payment platforms in recent years, mobile payments may even be a legitimate threat to conventional physical currencies in the near future. As a result of the recent influx of users, the nascent mobile money industry's value keeps rising and is expected to reach further heights as more people adopt virtual payments. The sector's growth was driven by the convenience offered by payment…

WednesdayNov 27, 2024 10:00 am

Australian Survey Shows More People are Asking Money-Related Questions During Online Dating

Recent research has revealed that income is becoming an increasingly common topic of discussion among online dating platform users. A growing number of users on platforms such as Bumble are asking more money-related questions as they strive to find partners who align with their financial worldview. Although financial planning has always been a crucial aspect of long-term relationships, it is featuring in online dating conversations at higher and higher rates. A poll of Australian singles on Bumble found that 34% of them believe it's okay to ask a potential partner about their income early into the relationship while 55% of…

MondayNov 25, 2024 10:00 am

How the Trajectory of Financial Services Could Be Impacted by Big Data Analytics

Financial institutions are becoming increasingly reliant on big data analytics as the amount of data they collect and analyze balloons each year. Data has always played an important role in the financial services sector by facilitating more informed decision-making, but it has become so immense in variety and volume that it far surpasses a human’s analytical capabilities. By taking advantage of increasingly complex computer algorithms, financial institutions are analyzing larger and larger datasets to address potential risks, identify growth opportunities, and make accurate, informed decisions. A gradual move to tech-driven commerce has provided the financial services industry with a treasure…

WednesdayNov 20, 2024 10:00 am

Alibaba Group Falls Short of its Quarterly Revenue Projection

Alibaba Group Holding Ltd. (NYSE: BABA) has fallen short of its quarterly revenue projections amidst pervasive economic uncertainty and waning consumer spending in China that impacted its revenue in the East Asian nation. The Chinese e-commerce and tech giant had an adjusted profit of $2.08 per American Depository Share compared to estimates of $2.05 while its U.S.-listed shares had declined by 0.3%. With the Chinese economy struggling and bogged down by critical issues like elevated job insecurity among the youth and a real estate crisis, domestic consumers are reducing their spending on discretionary items, leading to a significant drop in…

MondayNov 18, 2024 10:00 am

Venezuelan Sentenced for Online Dating Hostage Scam

The U.S. District Court for the District of Columbia has sentenced a 30-year-old Venezuelan who used a dating app to lure and kidnap three American citizens to 25 years in prison. Deivy Jose Rodriguez Delgado and an accomplice abducted 3 men between July 5 and July 30, 2022, in the Dominican Republic. After connecting with victims on an online dating Platform, Delgado would pick them up in his vehicle for a date and then let his accomplice into the vehicle to conduct the crime. The two restrained the victim, held them at knifepoint, and demanded that they call their family…

WednesdayNov 13, 2024 10:00 am

Study Explores Why the Elderly are Increasingly Opting for Mobile Payments

As mobile money has become an increasingly common means of payment over the past several years, one group of individuals has taken to the technology with surprising gusto; the elderly. Typically known for struggling to adapt to new technologies, elderly individuals are taking up mobile money services in increasing numbers. A recent study sought to understand why mobile money services are becoming more and more popular among older individuals. The researchers used structural equation modeling to study data collected from 316 elderly individuals who took part in the study. Its findings indicated that mobile money has become an accepted mode…

MondayNov 11, 2024 2:15 pm

Alibaba’s AI Model Boosts the Accuracy of Weather Forecasting

Alibaba Group Holding Ltd.’s (NYSE: BABA) research firm DAMO Academy has launched an artificial intelligence (AI) weather forecasting model with enhanced forecasting accuracy. Dubbed ‘Baguan,’ the AI-powered weather forecasting model can predict weather conditions for up to 10 days with hourly updates and much higher accuracy compared to current weather forecasting tools. Industries will need tools such as Baguan to limit their impact on the environment and adapt to climate change-induced volatility. DAMO Academy developed the AI weather forecasting tool to increase meteorological precision amidst a surge in extreme climate events. Several regions across the world are contending with extreme…

WednesdayNov 06, 2024 10:00 am

Research Shows Elon Musk’s Posts on Social Media Heavily Boosted Trump

Research has revealed that Elon Musk's posts on social media since July have boosted Republican presidential candidate Donald Trump. The tech billionaire posted his endorsement of Trump on X (formerly Twitter) shortly after the former President suffered an assassination attempt three and a half months ago. In the months since his initial endorsement of Trump, Musk has thrown his weight behind the GOP candidate, appeared at several of his rallies, and funded his campaign to the tune of over $100 million by donating to America PAC, a political action committee that supports Trump. Research has now revealed that on top…

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