Tech China Post #37…Alibaba, Tencent & Blockchain

Eight Roads Ventures, one of the investment arms of Fidelity, has launched a dedicated fund to invest in healthcare, life sciences, and medical devices companies in China. (link)

New York Fashion Week, managed by IMG, and Alibaba have established a new partnership. Select labels from NYFW will be featured on Alibaba’s B2C e-commerce platform through the NYFW: China Day instant buy event and the Single’s Day campaign in China.

Amazon is reportedly hiring 400–900 positions in China as the company continues to try to compete with Alibaba. Amazon holds 7% market share in China on cross-border e-commerce transactions but it has a very small footprint in domestic e-commerce for which Alibaba is dominant.

Baidu’s AI team faced another key departure after Andrew Ng. Adam Coates, the director of Baidu’s AI Lab in Silicon Valley has departed. (link)

Intel and Tencent signaled collaboration on blockchain where Tencent will use some form of Intel’s blockchain development for its Internet of Things projects. Intel is a key member of the Hyperledger foundation and has been a major contributor of Sawtooth and a co-collaborator with Microsoft on the Coco framework.