TC Roundup: Alibaba Group to take stake in Singapore Post for $249M

28 May, 2014

Alibaba Group to take stake in Singapore Post for $249M: Chinese e-commerce giant Alibaba will buy a 10.35 per cent stake in Singapore Post (SingPost) for $ 249 million as part of a strategic cooperation deal, both companies announced today. (The Economic Times)

Microsoft shows off real-time Skype translator: Microsoft Corp showed off a test version of a real-time, spoken-word translation service for Skype calls on Tuesday, the first time the world's largest software company has demonstrated the breakthrough technology publicly in the United States. (Reuters)

Yahoo will reportedly launch a YouTube rival this summer: Yahoo is reportedly unveiling a YouTube rival this summer. Yahoo's service will offer more generous revenue-sharing deals for creators, AdAge reports. (Business Insider)

Where twitter's users are coming from: Here's a look at the future of Twitter's user base by demographics, according to an eMarketer forecast. North America is expected to shrink in importance while the Asia-Pacific region is expected to grow significantly. Chart via Statista. (Business Insider)

Wipro to increase headcount in Ireland by 50%: IT major Wipro Ltd plans to increase the headcount at its Shannon Development Centre in Ireland by up to 50 per cent over the next 12 months. (Business Line)

Spotify breach will require Android app upgrades: Spotify is requiring people listening to its popular music service on Android devices to install new software as a safeguard against a recent security breach. (The Economic Times)

Ecommerce giant Rakuten now has its own cafe in Japan, and it looks pretty snazzy:  Apple set off a minor trend ten years ago when it launched its first Apple Store, inspiring other big-name tech firms to launch their own hip-looking hangout spots that double as marketing, sales, and support hubs. Now Japan's Rakuten is jumping on the bandwagon with the launch of Rakuten CAFE, a cozy eatery that doubles as a playground for all-things-Rakuten. The space is set to officially open its doors on Friday. (Techinasia)

How Chinese tech companies are going global: In light of the Alibaba IPO and the ecommerce giant's plans to expand in the US, there's a lot of talk on how Chinese tech companies are now finally ready to go global. I'd argue that the ambition to go abroad has always been strong for Chinese companies. Since China officially joined the WTO in 2000, its government has promoted the "Go Global" policy (走出去) for its companies to expand the footprint and soft power of the country. (Techinasia)