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China Tech Digest: Alibaba Establishes Artificial Intelligence Governance Laboratory; JD.com Releases


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Alibaba establishes Artificial Intelligence Governance Laboratory
Today, Alibaba announced the establishment of Alibaba Artificial Intelligence Governance Laboratory (AAIG). The laboratory will focus on sustainable, reliable, credible, and usable artificial intelligence technologies and applications, by building a trust mechanism for the digital economy, punishing behaviors that endanger the interests of businesses and users, protecting and encouraging innovation, and promoting the healthy development of the platform economy.
JD.com releases intelligent research and analysis terminal JD AI Economist
At the 2021 JD Cloud Summit, Shen Jianguang, vice president of JD Group and chief economist of JD Technology, released an intelligent analysis terminal product- JD AI Economist . This product covers three functional sections-AI Economist Data Terminal, JD Technology Macroeconomic and Social Development Database, Macro Big Data AI and Quantitative Analysis Topi ....

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Sino Malls support Government's consumption voucher scheme by giving out over HK$20 million in rewards and exciting experiences, Business News


May 27, 2021
Partnership with AlipayHK on exclusive consumption voucher promotions Collaboration with livi bank from July on 210 x HK$5000 in cash rebate
 
HONG KONG SAR - Media OutReach - 27 May 2021 - In support of the Government s electronic consumption voucher scheme, major Sino Malls including tmtplaza, Olympian City and Citywalk are putting forward a series of promotions to give out over HK$20 million in rewards. Furthermore, Sino Group is presenting various exciting experiences featuring innovative technology with the aim of rewarding the public for their support, helping mall tenants generate business and accelerating economic recovery in Hong Kong.
The first drop will be exclusive offers launched in partnership with AlipayHK, the most popular electronic wallet in Hong Kong, followed by the weekly HK$5000 Cash Rebate Lucky Draw organised with the lifestyle-oriented virtual bank livi bank, giving consumers opportunities to up their consumption power. ....

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China's JD Logistics Set to Raise $3.2 Billion in Hong Kong IPO


The company will issue 609.2 million shares. At 40.36 Hong Kong dollars each, the company would raise 24.6 billion Hong Kong dollars ($3.2 billion).
The pricing is subject to confirmation, said the person, who did not wish to be identified as they were not authorized to speak publicly.
JD declined to comment when contacted by CNBC.
However, JD withdrew its planned listing of its financial technology arm, JD Technology, from the Nasdaq-style STAR market in Shanghai last month.
JD has been investing in its logistics as a way to differentiate in China s cut-throat e-commerce market. The company has been focusing on same-day and next-day deliveries and investing in automated logistics warehouses. ....

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