Tech China Post #87
Korea Post, South Korea’s postal service operator, signed a MOU with its counterparts in China and Japan with the goal to strengthen cooperation in postal service technology innovation. Under the MOU, the postal service operators of the three neighboring countries will work together to speed up postal delivery systems to compete with global e-commerce companies.(link)
Li Jia, Head of Google AI China Center, has resigned from Google to join the School of Medicine at Stanford University. Li Jia’s resignation follows that of Fei Fei Li, founder of Google AI China Center. Li rejoined Stanford University for research purposes. This is another high profile departure in Google AI and Google Cloud. (link)
Alibaba generated $30.8 billion in gross merchandise volume (GMV) in one day through its 24-hour Global Shopping Festival. The power of Alibaba’s technology comes to the forefront in supporting Alibaba’s e-commerce operations at massive scale and at high velocity. Alibaba relied on its intelligent operating platform, DC Brain, to optimize the performance of its 200+ global data centers. Chinese consumers were able to use Alibaba’s Taobao mobile app for shipment updates on the imported goods ordered on Alibaba’s cross-border e-commerce platform Tmall Global. Alibaba’s Cainiao Smart Logistics, a central platform to link a network of logistics partners, handled millions of packages. (link)
Xunlei reported $45M revenue in the third quarter. Xunlei, known for its P2P software and BitTorrent client, re-oriented towards blockchain technology development in late 2017. The company launched its blockchain platform ThunderСhain in early 2018. Since its launch, Xunlei has established blockchain-related partnerships with major corporations in China. (link)
Major companies and universities in the U.S. and China are competing for talent as the two countries compete for technological leadership. Since making AI development a national strategy in 2017, more than 30 Chinese universities have launched focused programs for AI. Peking University announced that the university will launch a dedicated AI campus. In the U.S., MIT plans to invest US$1 billion in a college dedicated to artificial intelligence. (link)
