Chinese social commerce comprises 11.6 percent of online sales

Chinese Social Commerce - man and woman using phones in Beijing

Retail sales over this channel have been skyrocketing across the country and will continue growing. Chinese social commerce is rapidly rising and is expected to reach $242.41 billion in 2020, comprising 11.6 percent of the total online retail sales in the country, according to a new eMarketer forecast report. The report predicts that by 2023, the growth rate will bring that figure to almost double that level. The report indicated that Chinese social commerce would continue an extremely rapid rise for retail sales, almost doubling by the close of 2023,…

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IBM facial recognition programs cancelled

IBM Facial Recognition - IBM logo

The technology giant has also called for public debate over law enforcement use of the tech. The IBM facial recognition programs are being shut down as the tech giant calls for urgent public debate on if and how law enforcement should use this tech. The company’s CEO sent a letter to Congress at the start of this week regarding AI’s responsible use. CEO Arvind Krishna wrote that the company wants to work with lawmakers on its IBM facial recognition software to advance justice and racial equality through educational opportunities, police…

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Huawei sanctions generate heavy criticism from the Chinese tech giant

Huawei sanctions - Huawei phone

The company says this ruling will impact its own business as well as US firms and the electronics industry. The US has imposed new Huawei sanctions that would require American chip manufacturers to apply for licenses to sell to their products to the Chinese company. These new restrictions have been slammed by the tech giant as well as by the government of China. The Chinese company and government are calling the new rules a malicious act of suppression. The Huawei sanctions are being called an act of suppression from the…

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Green QR code checks needed to enter Shanghai Disney Resort

QR Code checks - Shanghai Disney Metro Station

Though the park in the Chinese city has been closed some of its properties opened March 9. Certain Shanghai Disney Resort properties are operating to a limited extent and now require green QR code checks for anyone to step foot inside. Shanghai Disneyland Hotel, Disneytown, and Wishing Star Park have boosted safety protocols. Shanghai Disneyland shut down entirely throughout the main COVID-19 outbreak in late January. However, on March 9, Shanghai Disneyland Hotel, Disneytown, and Wishing Star Park resumed operation on a limited basis. That said, those locations implemented strict…

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Alipay mobile wallet launches Wuhan merchant recovery effort

Alipay mobile wallet - shops and hotel in China

The top m-payment provider in the world is implementing several local assistance strategies. As Wuhan re-opens after having been the heart of the COVID-19 pandemic, Alipay mobile wallet is moving forward with a number of measures to help local merchants recover. The m-payments giant has 900 million direct customers and is launching new assistance efforts. Alipay mobile wallet is owned and operated by Ant Financial Services Group. It has 900 million direct customers. It recently created a special page on its smartphone app. This page is meant specifically to identify…

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