Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/5/2014 (10 months ago)

Catholic Online (www.catholic.org)

High-tech companies vow to take to the world stage this year

China is set to take the world by storm - and not through outdated Cold War tactics. Colorful Internet and high-tech businessmen are vowing to take to the world stage in 2014, and seduce the civilized world with gadgets and apps.

Alibaba is now being used more often by global exporters around the world. Alibaba sets to profit as trade becomes ever more global and online.

Alibaba is now being used more often by global exporters around the world. Alibaba sets to profit as trade becomes ever more global and online.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

1/5/2014 (10 months ago)

Published in Asia Pacific

Keywords: China, high-tech, Alibaba, Jack Ma, Sina Wiebo, Xiaomi


LOS ANGELES, CA (Catholic Online) - First out of the gate is Jack Ma, the founder of Alibaba. Said company is an online marketplace that allows a business to sell almost any item to any other business. Here, you can buy a machine for converting used car tires into fuel oil - all the way to a Sponge-Bob Squarepants bouncy castle.

Alibaba is now being used more often by global exporters around the world. Alibaba sets to profit as trade becomes ever more global and online. The company predicts that Chinese e-commerce will be worth more than that of the United States and European Union combined by 2016.

"Increasingly, we're finding markets that were only buyers are increasingly suppliers too," James Hardy, head of Europe for Alibaba.com says.

"Some decide on a strategy and then look for data to support it. Others, like Alibaba, look at data - both internal and external - and only then make strategic decisions about growth and market opportunity.

"The decision for us to enter the Russia and Brazil markets was the product of analyzing external data and combining it with extensive internal data."

Alibaba occupies a highly unique niche. While other Chinese billionaires have built online empires that closely resemble Google or Twitter, Alibaba has no equivalent in the West, as both Amazon and eBay target consumers.

Wall Street is desirous for new technology stocks and would love to get its hands on Alibaba. The company's third-quarter revenues were up 60 percent, to $1.73 billion. In the same period its profits more than doubled, to $717 million, more than twice what Facebook makes on roughly the same sales. PrivCo, an investment research firm specializing in private companies, reckons Alibaba is "conservatively" worth $110 billion, which would catapult Ma to the top of China's rich list.

Another company from the east, Xiaomi, is a three-year-old smart-phone maker that counts the Russian billionaire Yuri Milner among its investors. Producing high-end devices that compete with the iPhone for the attention of wealthy young Chinese.

Xiaomi's smart-phones are cheaper than Apple's, but they are not cheap to make. Xiaomi sees itself as an internet company striving to capture customers for its services, in the mold of Amazon's Kindle Fire tablet business.

Xiaomi founder Lei Jun, confidently announced that he aims to more double sales this year to 40 million handsets.

As announced on Lei's Sina Weibo account, the Chinese equivalent of Twitter, is run by another of China's technology elite, Charles Chao. Already listed on Nasdaq, Sina's shares doubled last year on the growth of the service, which claims 600 million users, not far short of Twitter.

Eric Schmidt, the executive chairman of Google, has predicted it will play a major role in a gradual democratization of the country. "You simply cannot imprison enough Chinese people when they all agree to something. You won't be able to stop it even if you don't like it," he said.



---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Asia Pacific

Faithful gather to celebrate 500 years of the Catholic Church in Myanmar Watch

Image of Christianity remains a small minority in predominantly Buddhist Myanmar.

By Catholic Online (NEWS CONSORTIUM)

As the Catholic Church there begins to celebrate its 500 years there, Christianity remains a small minority in predominantly Buddhist Myanmar. According to a census conducted this year, Catholics number about 750,000 out of a population estimated at just over ... continue reading


China's icy heart? Has the Catholic Church warmed up the Asian superpower? Watch

Image of China has 12 million Catholics, but they are often split between support for the local state-run Church and the Vatican.

By Catholic Online (NEWS CONSORTIUM)

Relations between the Vatican and China have been frosty since the communist takeover in the 1950s, and the Holy See has found it very difficult to warm relations with the Asian superpower. But with an unprecedented proposal from China, all that could very well ... continue reading


Lessons not learned: 132 Indian women sterilized in five hours following tragedy Watch

Image of Senior officials in Ghuvara acknowledged that the family planning camp was organized by government authorities, but refused to speak on record.

By Catholic Online (NEWS CONSORTIUM)

The nation of India recently saw the deaths of 13 women, with as many as 50 women seriously injured after a hasty mass sterilization camp in Ghuvara in Chhatarpur district. Lessons were not learned, it appears, as another 132 women were reportedly operated upon ... continue reading


Two billion people drink water contaminated by feces Watch

Image of According to WHO, inadequate water supply and sanitation results in annual economic losses of $260 billion.

By Magdalena Mis, Thomson Reuters Foundation

Nearly two billion people use water contaminated by feces, posing a global health risk despite billions of dollars spent on sanitation, said a report published on Wednesday. LONDON (Thomson Reuters Foundation) - One in seven people, mostly poor and living in ... continue reading


Five million people expected in Goa, India to venerate St. Francis Xavier Watch

Image of The saint, who died in 1552, has his remains preserved in a glass-paneled silver casket and kept inside the 16th-century Basilica of Bom Jesu (Good Jesus).

By Catholic Online (NEWS CONSORTIUM)

Five million people are expected to flood Goa, India in order to venerate the remains of 16th century Spanish missionary Francis Xavier. The remains will be on display for 40 days beginning this weekend.  LOS ANGELES, CA (Catholic Online) - In order to ... continue reading


PHOTO: Baby born with four arms, four legs in India called 'God's baby' Watch

Image of The family understands the excitement and interest in their newest member.

By Catholic Online (NEWS CONSORTIUM)

A baby boy born with four arms and four legs is drawing crowds to Baruipur, a city in India's eastern West Bengal State. The child has been called "God Boy" by his parents as he resembles a Hindu deity with multiple arms and legs.  LOS ANGELES, CA ... continue reading


Eight reasons why North Korea's leaders should be tried for crimes against humanity Watch

Image of Kim Jong Un could face an international court, however the odds are very slim.

By Catholic Online (NEWS CONSORTIUM)

The Telegraph has published a list of eight crimes for which North Korea and its leadership could be tried in international court. Although the odds of anyone from North Korea facing such justice are long, the world should be prepared because anything could happen in ... continue reading


Stripped naked, Indian woman forced to parade on donkey through village Watch

Image of Said woman was accused of killing her nephew, Vardi Singh, by his wife and relatives, and found guilty by a council of elders.

By Kieran Guilbert, Thomson Reuters Foundation

A woman in northern India was stripped naked and paraded through her village on a donkey after being accused of murdering her nephew, according to a BBC News report on Monday. LONDON (Thomson Reuters Foundation) - The village council in Rajsamand district in ... continue reading


DEPTHS OF DEPRAVITY: Two U.S. men flee Thailand after allegedly shipping BABY PARTS overseas Watch

Image of According to officials, the two men's package included a severed baby's head and a child's left foot cut into three separate pieces.

By Catholic Online (NEWS CONSORTIUM)

It's too early for Christmas - but two American men are on the run after a grisly package that they allegedly shipped from Thailand made it back to the states. According to officials, the men's package included a severed baby's head and a child's left foot cut ... continue reading


One group fights to save the lives of thousands of newborns Watch

Image of In Nepal, superstition and suspicion is being fought with science in order to save the lives of thousands of babies.

By Catholic Online (NEWS CONSORTIUM)

An ongoing campaign in Nepal to cut down on the number of newborn deaths is being carried out by thousands of volunteers, aided by the U.S. Development Agency (USAID). LOS ANGELES, CA (Catholic Online) - Bhumisara Upadhyay is just one of these volunteers, who ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Revelation 10:8-11
8 Then I heard the voice I had heard from heaven ... Read More

Psalm, Psalms 119:14, 24, 72, 103, 111, 131
14 In the way of your instructions lies my joy, a joy ... Read More

Gospel, Luke 19:45-48
45 Then he went into the Temple and began driving out ... Read More

Saint of the Day

Saint of the Day for November 21st, 2014 Image

St. Gelasius
November 21: St. Gelasius I, Pope (Feast day - November 21) Gelasius was born ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter