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Alibaba builds a smart screen for the visually-impaired shoppers

Monday, November 12, 2018, 5:27 PM

China's Alibaba has developed a smart screen called Smart Touch to help blind people with shopping and payments on their phones. The screen, which costs $0.036 to produce, has three sensor-enabled small buttons on each side for actions like 'Confirm' or 'Go back'. Smart Touch can also perform functions like answering calls, listening to texts, and so on.
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Alibaba's on-demand online services unit valued at $30 billion sources

Thursday, November 8, 2018, 3:34 PM

Alibaba Group's newly formed on-demand online services unit has rocketed in value to-as-much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. Alibaba combined the operation of food-delivery service Ele.me and online restaurant guide business Koubei under a-single management team and holding vehicle in October. It announced a fundraising plan for the vehicle in August.
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Alibaba says it will help China buy $200 billion in goods in next 5yrs

Tuesday, November 6, 2018, 3:06 PM

Alibaba announced Tuesday it plans to help global businesses sell $200 billion in goods to China in the next five years. A day earlier, Chinese President Xi Jinping said his country will import $30 trillion in goods and $10 trillion in services over the next 15 years. China's trade deficit with the U.S. - which hit a record high in September.

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