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Showing posts from February, 2018

Alibaba beats forecasts again, takes stake in affiliate Ant

The group, which also raised its forecast for the year ahead, will take a 33 percent stake in payment affiliate Ant Financial, an important step ahead of an expected initial public offering (IPO) by Ant, valued at $60 billion in 2016. "This is no secret, everybody knows that Ant Financial will IPO, and (buying the stake) is just something they had to do before that happens," Beijing-based analyst Li Chengdong said. https://finance.yahoo.com/news/alibaba-revenue-jumps-56-percent-115957055.html

Alibaba stock price down

BABA $180.30 (-2.63%) on Yahoo Finance

Fitness tracking app could be ‘serious security threat’

"Given the area is a highly sensitive place and Google Maps actually blurred out key details of the area since it's a red zone, you can still figure out and get lots of intel with the trove of data that recruits/staff share publicly everyday within … likely from their smartwatch or health trackers." http://www.channelnewsasia.com/news/singapore/singapore-strava-fitness-tracking-app-security-military-9910070